ACWA Power Co (SAU:2082) Interest Expense : ﷼-1,479 Mil (TTM As of Mar. 2024)

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What is ACWA Power Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ACWA Power Co's interest expense for the three months ended in Mar. 2024 was ﷼ -357 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼-1,479 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. ACWA Power Co's Operating Income for the three months ended in Mar. 2024 was ﷼ 301 Mil. ACWA Power Co's Interest Expense for the three months ended in Mar. 2024 was ﷼ -357 Mil. ACWA Power Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.84. 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.

ACWA Power Co Interest Expense Historical Data

The historical data trend for ACWA Power Co'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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ACWA Power Co Interest Expense Chart

ACWA Power Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1,033.26

-1,003.92

-1,181.72

-1,455.69

ACWA Power Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-333.51	-337.55	-392.74	-391.90	-356.86

ACWA Power Co 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 ﷼-1,479 Mil.

ACWA Power Co (SAU:2082) 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.

ACWA Power Co's Interest Expense for the three months ended in Mar. 2024 was ﷼-357 Mil. Its Operating Income for the three months ended in Mar. 2024 was ﷼301 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ﷼24,191 Mil.

ACWA Power Co'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	*	301.432	/	-356.862
	=	0.84

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

ACWA Power Co (SAU:2082) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ACWA Power Co (SAU:2082) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Eastern Ring Road, Exit 8, P.O. Box 22616, Qurtubah District, Riyadh, SAU, 11416

Website

https://www.acwapower.com

ACWA Power Co is engaged in the development, investment, operation, and maintenance of power generation, water desalination and green hydrogen production plants and bulk sale of electricity. The company's segments include Thermal and Water Desalination; Renewables and others. It generates maximum revenue from the Thermal and Water Desalination segment.

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