Meridian Energy (NZSE:MEL) Interest Expense : NZ$-66 Mil (TTM As of Dec. 2023)

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What is Meridian Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meridian Energy's interest expense for the six months ended in Dec. 2023 was NZ$ -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$-66 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. Meridian Energy's Operating Income for the six months ended in Dec. 2023 was NZ$ 235 Mil. Meridian Energy's Interest Expense for the six months ended in Dec. 2023 was NZ$ -41 Mil. Meridian Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 5.73. 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.

Meridian Energy Interest Expense Historical Data

The historical data trend for Meridian 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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Meridian Energy Interest Expense Chart

Meridian Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-80.00

-79.00

-71.00

-53.00

Meridian Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-41.00	-30.00	-28.00	-25.00	-41.00

Meridian 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$-66 Mil.

Meridian Energy (NZSE:MEL) 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.

Meridian Energy's Interest Expense for the six months ended in Dec. 2023 was NZ$-41 Mil. Its Operating Income for the six months ended in Dec. 2023 was NZ$235 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NZ$1,037 Mil.

Meridian Energy's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	235	/	-41
	=	5.73

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

Meridian Energy (NZSE:MEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Meridian Energy Ltd (NZSE:MEL) » Definitions » Interest Expense

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Address

287-293 Durham Street North, Christchurch Central, Christchurch, STL, NZL, 8013

Website

https://www.meridianenergy.co.nz

Meridian is New Zealand's largest electricity generator, operating hydro stations and wind farms in New Zealand. Nearly 90% of its electricity is generated from low-cost hydro power plants, with wind making up the rest. The company's main competitors are vertically integrated firms, such as Mercury NZ, Genesis Energy, Contact Energy, and Trustpower.

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