RENOVA (TSE:9519) Interest Expense : 円-3,458 Mil (TTM As of Mar. 2024)

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What is RENOVA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RENOVA's interest expense for the three months ended in Mar. 2024 was 円 -1,215 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-3,458 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. RENOVA's Operating Income for the three months ended in Mar. 2024 was 円 -1,187 Mil. RENOVA's Interest Expense for the three months ended in Mar. 2024 was 円 -1,215 Mil. RENOVA did not have earnings to cover the interest expense. 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.

RENOVA Interest Expense Historical Data

The historical data trend for RENOVA'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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RENOVA Interest Expense Chart

RENOVA Annual Data

Trend

May15

May16

May17

May18

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1,911.00

-2,440.00

-2,604.00

-2,939.00

-3,458.00

RENOVA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-695.00	-703.00	-717.00	-823.00	-1,215.00

RENOVA 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-3,458 Mil.

RENOVA (TSE:9519) 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.

RENOVA's Interest Expense for the three months ended in Mar. 2024 was 円-1,215 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円-1,187 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円272,622 Mil.

RENOVA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

RENOVA did not have earnings to cover the interest expense.

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. RENOVA Inc interest coverage is 1.54, which is low.

RENOVA (TSE:9519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » RENOVA Inc (TSE:9519) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Tokyo Sankei Building 27 Floor, 18 Floor, 1-7-2 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.renovainc.com

RENOVA Inc is a Japan-based company mainly engaged in renewable energy generation business and the development and management of renewable energy business. With its subsidiaries, the company operates power generation business. Renewable energy power generation develops electricity sales business by operating renewable energy power plants, including large-scale solar power generation, wind power generation, and biomass power generation.

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