Companhia Deneamento Basico Do Estado Deo Paulo (Companhia Deneamento Basico Do Estado Deo Paulo) Interest Expense : $-287 Mil (TTM As of Sep. 2023)

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What is Companhia Deneamento Basico Do Estado Deo Paulo Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Companhia Deneamento Basico Do Estado Deo Paulo's interest expense for the three months ended in Sep. 2023 was $ -77 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-287 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. Companhia Deneamento Basico Do Estado Deo Paulo's Operating Income for the three months ended in Sep. 2023 was $ 345 Mil. Companhia Deneamento Basico Do Estado Deo Paulo's Interest Expense for the three months ended in Sep. 2023 was $ -77 Mil. Companhia Deneamento Basico Do Estado Deo Paulo's Interest Coverage for the quarter that ended in Sep. 2023 was 4.49. 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.

Companhia Deneamento Basico Do Estado Deo Paulo Interest Expense Historical Data

The historical data trend for Companhia Deneamento Basico Do Estado Deo Paulo'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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Companhia Deneamento Basico Do Estado Deo Paulo Interest Expense Chart

Companhia Deneamento Basico Do Estado Deo Paulo Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-129.74

-160.53

-146.16

-129.95

-232.20

Companhia Deneamento Basico Do Estado Deo Paulo Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-55.25	-78.29	-65.23	-66.25	-76.81

Companhia Deneamento Basico Do Estado Deo Paulo 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-287 Mil.

Companhia Deneamento Basico Do Estado Deo Paulo (NYSE:SBS) 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.

Companhia Deneamento Basico Do Estado Deo Paulo's Interest Expense for the three months ended in Sep. 2023 was $-77 Mil. Its Operating Income for the three months ended in Sep. 2023 was $345 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $3,311 Mil.

Companhia Deneamento Basico Do Estado Deo Paulo's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	344.612	/	-76.809
	=	4.49

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

Companhia Deneamento Basico Do Estado Deo Paulo (Companhia Deneamento Basico Do Estado Deo Paulo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Companhia De Saneamento Basico Do Estado De Sao Paulo (NYSE:SBS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SAJA:Germany SBSP3:Brazil SBS:Argentina

Address

Rua Costa Carvalho, 300, Sao Paulo, SP, BRA, 05429-900

Website

https://www.sabesp.com.br

Companhia De Saneamento Basico Do Estado De Sao Paulo is Brazilian water and waste management company. SABESP is one of the largest waste management companies in the world, and the state of Sao Paulo is the company's majority stakeholder. The company generates revenue through exclusive long-term agreements with municipal governments. It is not uncommon for SABESP to serve the vast majority of the market. The company operates in a single segment, which is Sanitation services.