Engie Energia Chile (XSGO:ECL) Interest Expense : CLP-114,667 Mil (TTM As of Mar. 2024)

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What is Engie Energia Chile Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Engie Energia Chile's interest expense for the three months ended in Mar. 2024 was CLP -29,405 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was CLP-114,667 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. Engie Energia Chile's Operating Income for the three months ended in Mar. 2024 was CLP 85,719 Mil. Engie Energia Chile's Interest Expense for the three months ended in Mar. 2024 was CLP -29,405 Mil. Engie Energia Chile's Interest Coverage for the quarter that ended in Mar. 2024 was 2.92. 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.

Engie Energia Chile Interest Expense Historical Data

The historical data trend for Engie Energia Chile'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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Engie Energia Chile Interest Expense Chart

Engie Energia Chile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-28,174.19

-43,355.62

-76,929.06

-65,446.25

-111,531.58

Engie Energia Chile 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															-22,005.45	-34,151.63	-28,282.53	-22,827.64	-29,405.32

Engie Energia Chile 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 CLP-114,667 Mil.

Engie Energia Chile (XSGO:ECL) 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.

Engie Energia Chile's Interest Expense for the three months ended in Mar. 2024 was CLP-29,405 Mil. Its Operating Income for the three months ended in Mar. 2024 was CLP85,719 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was CLP1,377,749 Mil.

Engie Energia Chile'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	*	85719.324	/	-29405.32
	=	2.92

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Engie Energia Chile SA interest coverage is 1.66, which is low.

Engie Energia Chile (XSGO:ECL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Engie Energia Chile SA (XSGO:ECL) » Definitions » Interest Expense

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Address

EL Bosque Norte Avenue 500, Room 902, Santiago, CHL

Website

https://www.engie.cl

Engie Energia Chile SA is in electricity transmission and generation business. The company produces transports and supplies electric power to industrial clients and mining companies in the Great North of Chile. It purchases, sales, distributes and markets gas and its by-products as well as purchase, sale, and transport all kinds of fuels. The company also offers consultancy services in engineering and management specialties and provides maintenance service of the electric system.