MGE Energy (FRA:MG1) Interest Expense : €-28.6 Mil (TTM As of Mar. 2024)

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What is MGE Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MGE Energy's interest expense for the three months ended in Mar. 2024 was € -7.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-28.6 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. MGE Energy's Operating Income for the three months ended in Mar. 2024 was € 37.5 Mil. MGE Energy's Interest Expense for the three months ended in Mar. 2024 was € -7.4 Mil. MGE Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 5.09. 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.

MGE Energy Interest Expense Historical Data

The historical data trend for MGE Energy'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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MGE Energy Interest Expense Chart

MGE Energy Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-20.76

-19.33

-21.34

-25.16

-27.90

MGE Energy 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															-6.99	-7.16	-7.17	-6.90	-7.36

MGE Energy 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 €-28.6 Mil.

MGE Energy (FRA:MG1) 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.

MGE Energy's Interest Expense for the three months ended in Mar. 2024 was €-7.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was €37.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €660.2 Mil.

MGE Energy'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	*	37.485	/	-7.364
	=	5.09

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

MGE Energy (FRA:MG1) Business Description

Industry

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MGEE:USA

Address

133 South Blair Street, Madison, WI, USA, 53788

Website

https://www.mgeenergy.com

MGE Energy Inc is a U.S. public utilities holding company based in Wisconsin. The firm generates, purchases, and distributes electricity and natural gas, and also provides transmission services, the company generates electricity from coal and purchased power, but also from natural gas, fuel oil, and renewable sources. MGE operates through five segments, which include Regulated electric utility operations, Regulated gas utility operations, Non-regulated energy operations, Transmission investments, and All other segment which includes investing in companies and property and financing the regulated operations. The majority of electric retail revenue is derived from commercial consumers whereas the majority of natural gas revenue is derived from residential consumers.

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