Northland Power (TSX:NPI) Interest Expense : C$-343 Mil (TTM As of Dec. 2023)

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What is Northland Power Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Northland Power's interest expense for the three months ended in Dec. 2023 was C$ -122 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-343 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. Northland Power's Operating Income for the three months ended in Dec. 2023 was C$ 217 Mil. Northland Power's Interest Expense for the three months ended in Dec. 2023 was C$ -122 Mil. Northland Power's Interest Coverage for the quarter that ended in Dec. 2023 was 1.78. 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.

Northland Power Interest Expense Historical Data

The historical data trend for Northland Power'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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Northland Power Interest Expense Chart

Northland Power Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-294.14

-329.69

-313.47

-308.49

-343.17

Northland Power Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-82.76	-67.83	-73.53	-79.88	-121.94

Northland Power 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-343 Mil.

Northland Power (TSX:NPI) 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.

Northland Power's Interest Expense for the three months ended in Dec. 2023 was C$-122 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$217 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$6,436 Mil.

Northland Power's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	217.132	/	-121.939
	=	1.78

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. Northland Power Inc interest coverage is 2.13, which is low.

Northland Power (TSX:NPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Northland Power Inc (TSX:NPI) » Definitions » Interest Expense

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NPIFF:USA 1NR:Germany NPI.PR.B.PFD:Canada NPI.PR.A.PFD:Canada

Address

30 St. Clair Avenue West, 17th Floor, Toronto, ON, CAN, M4V 3A1

Website

https://www.northlandpower.com

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.

Executives

Eckhardt Guenter Ruemmler

Director