Boralex (Boralex) Interest Expense : $-91.3 Mil (TTM As of Dec. 2023)

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What is Boralex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Boralex's interest expense for the three months ended in Dec. 2023 was $ -20.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-91.3 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. Boralex's Operating Income for the three months ended in Dec. 2023 was $ 88.0 Mil. Boralex's Interest Expense for the three months ended in Dec. 2023 was $ -20.1 Mil. Boralex's Interest Coverage for the quarter that ended in Dec. 2023 was 4.37. 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.

Boralex Interest Expense Historical Data

The historical data trend for Boralex'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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Boralex Interest Expense Chart

Boralex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-91.88

-83.54

-96.09

-86.12

-91.68

Boralex 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															-13.25	-21.93	-25.59	-23.65	-20.13

Boralex 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 $-91.3 Mil.

Boralex (OTCPK:BRLXF) 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.

Boralex's Interest Expense for the three months ended in Dec. 2023 was $-20.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $88.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,476.1 Mil.

Boralex'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	*	87.955	/	-20.125
	=	4.37

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. Boralex Inc interest coverage is 2, which is low.

Boralex (Boralex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Boralex Inc (OTCPK:BRLXF) » Definitions » Interest Expense

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Traded in Other Exchanges

B3H:Germany B3H:Germany BLX:Canada

Address

36, Rue Lajeunesse, Juridique, Kingsey Falls, QC, CAN, J0A 1B0

Website

https://www.boralex.com

Boralex is a power producer whose core business is dedicated to the development and operation of renewable energy power stations in Canada, France, the United States and the United Kingdom. Boralex owns power generation assets across four technologies: wind, solar, hydroelectric, and thermal. Substantially all of its operating assets are subject to indexed fixed-price energy sales contracts.