Atlantic Power (Atlantic Power) Interest Expense : $-44.3 Mil (TTM As of Mar. 2021)

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What is Atlantic Power Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atlantic Power's interest expense for the three months ended in Mar. 2021 was $ -11.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2021 was $-44.3 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. Atlantic Power's Operating Income for the three months ended in Mar. 2021 was $ 1.8 Mil. Atlantic Power's Interest Expense for the three months ended in Mar. 2021 was $ -11.7 Mil. Atlantic Power's Interest Coverage for the quarter that ended in Mar. 2021 was 0.15. 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.

Atlantic Power Interest Expense Historical Data

The historical data trend for Atlantic 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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Atlantic Power Interest Expense Chart

Atlantic Power Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-115.20

-81.70

-54.50

-45.10

-43.60

Atlantic Power Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Interest Expense	Get a 7-Day Free Trial															-11.10	-10.50	-11.20	-10.90	-11.70

Atlantic 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 Mar. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-44.3 Mil.

Atlantic Power (NYSE:AT) 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.

Atlantic Power's Interest Expense for the three months ended in Mar. 2021 was $-11.7 Mil. Its Operating Income for the three months ended in Mar. 2021 was $1.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2021 was $456.5 Mil.

Atlantic Power's Interest Coverage for the quarter that ended in Mar. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2021 )	/	Interest Expense (Q: Mar. 2021 )
	=	-1	*	1.8	/	-11.7
	=	0.15

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

Atlantic Power (Atlantic Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Atlantic Power Corp (NYSE:AT) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

3 Allied Drive, Suite 155, Dedham, MA, USA, 02026

Website

https://www.atlanticpower.com

Atlantic Power Corp is an independent power producer that owns power generation assets in the United States and Canada. Its power generation projects, which are diversified by geography, fuel type, dispatch profile, and offtaker, sell electricity to utilities and other large customers predominantly under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. It has four reportable segments: Solid Fuel, Natural Gas, Hydroelectric and Corporate. A vast majority of the revenues are generated from the natural gas segment.

Executives

Kevin Howell	director	2220 MONUMENT AVENUE, RICHMOND VA 23220
R Foster Duncan	director	139 E FOURTH ST, CINCINNATI OH 45202
Gilbert Samuel Palter	director	37 MISTY CRESCENT TORONTO A6 MSB IT2
Danielle S Mottor	director	870 WASHINGTON STREET HOLLISTON MA 01746
Terrence Ronan	officer: Chief Financial Officer	ONE FEDERAL STREET 30TH FLOOR BOSTON MA 02110
Joseph Cofelice	officer: EVP Commercial Development
Moore James J Jr	director, officer: Chief Executive Officer
Jeffrey S Levy	officer: SVP, General Counsel	769 WEBSTER STREET NEEDHAM MA 02492
Irving Russell Gerstein	director	200 CLARENDON STREET BOSTON MA 02116
Philip Daniel Rorabaugh	officer: SVP, Asset Management	27 ASPEN AVE AUBURNDALE MA 02466
Holli C. Ladhani	director	2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056
Teresa Ressel	director	ON SEMICONDUCTOR C/O V. PECORA (MD A700), 5005 EAST MCDOWELL ROAD, PHOENIX AZ 85008
John Alexander Mcneil	director	200 CLARENDON STREET BOSTON MA 02116
Kenneth Michael Hartwick	director	200 CLARENDON STREET, BOSTON MA 02116
Paul Howard Rapisarda	officer: EVP Commercial	151 SE 15TH ROAD, APT 1802, MIAMI FL 33129