TransAlta Renewables (TSX:RNW) Interest Expense : C$-49.0 Mil (TTM As of Jun. 2023)

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What is TransAlta Renewables Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TransAlta Renewables's interest expense for the three months ended in Jun. 2023 was C$ -12.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was C$-49.0 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. TransAlta Renewables's Operating Income for the three months ended in Jun. 2023 was C$ 12.0 Mil. TransAlta Renewables's Interest Expense for the three months ended in Jun. 2023 was C$ -12.0 Mil. TransAlta Renewables's Interest Coverage for the quarter that ended in Jun. 2023 was 1.00. 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.

TransAlta Renewables Interest Expense Historical Data

The historical data trend for TransAlta Renewables'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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TransAlta Renewables Interest Expense Chart

TransAlta Renewables Annual Data

Trend

Dec13

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Dec22

Interest Expense

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-48.00

-45.00

-46.00

-42.00

-50.00

TransAlta Renewables Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial															-12.00	-12.00	-13.00	-12.00	-12.00

TransAlta Renewables 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 quarterly data reported by the company within the most recent 12 months, which was C$-49.0 Mil.

TransAlta Renewables (TSX:RNW) 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.

TransAlta Renewables's Interest Expense for the three months ended in Jun. 2023 was C$-12.0 Mil. Its Operating Income for the three months ended in Jun. 2023 was C$12.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was C$748.0 Mil.

TransAlta Renewables'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	*	12	/	-12
	=	1.00

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

TransAlta Renewables (TSX:RNW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » TransAlta Renewables Inc (TSX:RNW) » Definitions » Interest Expense

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Address

110-12th Avenue South West, Calgary, AB, CAN, T2R 0G7

Website

http://www.transaltarenewables.com

TransAlta Renewables Inc is an electric utility company that owns and operates energy generation and transmission facilities. The operating business segments are Canadian Wind, Canadian Hydro, US Wind and Solar, Canadian Gas, US Gas, and Australian Gas. The company also has wind and solar facilities in Wyoming and Minnesota as well as the South Hedland Power Station and the Fortescue River Gas pipeline in Australia.