Taqa Morocco (CAS:TQM) Interest Expense : MAD-530 Mil (TTM As of Jun. 2023)

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What is Taqa Morocco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Taqa Morocco's interest expense for the six months ended in Jun. 2023 was MAD -291 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was MAD-530 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. Taqa Morocco's Operating Income for the six months ended in Jun. 2023 was MAD 1,379 Mil. Taqa Morocco's Interest Expense for the six months ended in Jun. 2023 was MAD -291 Mil. Taqa Morocco's Interest Coverage for the quarter that ended in Jun. 2023 was 4.74. 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.

Taqa Morocco Interest Expense Historical Data

The historical data trend for Taqa Morocco'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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Taqa Morocco Interest Expense Chart

Taqa Morocco Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-617.25

-561.85

-576.18

-498.41

-470.40

Taqa Morocco Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-234.06	-226.62	-205.39	-239.21	-290.57

Taqa Morocco 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 semi-annually data reported by the company within the most recent 12 months, which was MAD-530 Mil.

Taqa Morocco (CAS:TQM) 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.

Taqa Morocco's Interest Expense for the six months ended in Jun. 2023 was MAD-291 Mil. Its Operating Income for the six months ended in Jun. 2023 was MAD1,379 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was MAD8,471 Mil.

Taqa Morocco'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	*	1378.535	/	-290.569
	=	4.74

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

Taqa Morocco (CAS:TQM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taqa Morocco SA (CAS:TQM) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

B.P. 99 - Sidi Bouzid, PK23, Route regionale 301, Centrale Thermique de Jorf Lasfar, Commune Moulay Abdellah, El Jadida, MAR

Website

https://www.taqamorocco.ma

Taqa Morocco SA is a producer of electricity in Morocco. The company provides associated activities in the oil and gas sectors, the storage of the oil and gas products, electricity and water as well as transport infrastructure across Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States.

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