Terna Energy (Terna Energy) Interest Expense : $-48.6 Mil (TTM As of Jun. 2023)

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What is Terna Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Terna Energy's interest expense for the six months ended in Jun. 2023 was $ -24.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-48.6 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Terna Energy's Operating Income for the six months ended in Jun. 2023 was $ 49.0 Mil. Terna Energy's Interest Expense for the six months ended in Jun. 2023 was $ -24.4 Mil. Terna Energy's Interest Coverage for the quarter that ended in Jun. 2023 was 2.01. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Terna Energy Interest Expense Historical Data

The historical data trend for Terna Energy's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Terna Energy Interest Expense Chart

Terna Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-66.34

-68.92

-25.65

-33.69

-43.49

Terna Energy Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-16.20	-18.49	-19.25	-24.19	-24.42

Terna Energy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-48.6 Mil.

Terna Energy (OTCPK:TREAY) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Terna Energy's Interest Expense for the six months ended in Jun. 2023 was $-24.4 Mil. Its Operating Income for the six months ended in Jun. 2023 was $49.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $1,117.4 Mil.

Terna Energy's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	48.986	/	-24.424
	=	2.01

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Terna Energy SA interest coverage is 1.27, which is low.

Terna Energy (Terna Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Terna Energy SA (OTCPK:TREAY) » Definitions » Interest Expense

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TENERGY:Greece 0OJX:UK 44T:Germany

Address

85 Mesogeion Avenue, Athens, GRC, 115 26

Website

https://www.terna-energy.com

Terna Energy SA is a Greece based company mainly engaged in the energy and construction sector. It operates through the following segments: The Construction segment refers to the development of wind farms and other units for electricity production from renewable energy sources; The Electricity from Renewable Sources of Energy segment mainly concerns the production of electricity through wind energy; The Concessions Segment concerns the construction and operation of infrastructure and public sector projects in exchange for the long-term operation of the above projects through the provision of services to the public. The majority is from the Electricity from Renewable Sources of Energy segment. Geographically, the key revenue is from Greece.

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