Equatorial Energia (Equatorial Energia) Interest Expense : $-822 Mil (TTM As of Mar. 2024)

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What is Equatorial Energia Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Equatorial Energia's interest expense for the three months ended in Mar. 2024 was $ -188 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-822 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. Equatorial Energia's Operating Income for the three months ended in Mar. 2024 was $ 1,046 Mil. Equatorial Energia's Interest Expense for the three months ended in Mar. 2024 was $ -188 Mil. Equatorial Energia's Interest Coverage for the quarter that ended in Mar. 2024 was 5.57. 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.

Equatorial Energia Interest Expense Historical Data

The historical data trend for Equatorial Energia'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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Equatorial Energia Interest Expense Chart

Equatorial Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-582.05

-301.45

-192.53

-525.40

-865.09

Equatorial Energia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-217.85	-218.95	-211.32	-203.86	-187.80

Equatorial Energia 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-822 Mil.

Equatorial Energia (OTCPK:EQUEY) 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.

Equatorial Energia's Interest Expense for the three months ended in Mar. 2024 was $-188 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1,046 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $7,761 Mil.

Equatorial Energia's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1046.423	/	-187.803
	=	5.57

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

Equatorial Energia (Equatorial Energia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Equatorial Energia SA (OTCPK:EQUEY) » Definitions » Interest Expense

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EQTL3:Brazil

Address

Alameda A - Quadra SQS, No. 100, Altos do Calhau, Sao Luiz, MA, BRA, 65071680

Website

https://www.equatorialenergia.com.br

Equatorial Energia SA is primarily a holding company engaged in the ownership of other firms in the electric energy generation and distribution industries in Brazil. Collectively, Equatorial Energia's main subsidiaries are involved in electric energy distribution, telecommunications, data transmission, electric energy generation, and the operation and implementation of thermoelectric power plants in the country. The company's operating segments are Distribution, Transmission, Services, Trading, Central Administration, and Others. Revenue from the provision of construction services is significant for Equatorial Energia SA.

Equatorial Energia (Equatorial Energia) Headlines

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