Orsted A/S (OCSE:ORSTED) Interest Expense : kr-4,444 Mil (TTM As of Mar. 2024)

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What is Orsted A/S Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orsted A/S's interest expense for the three months ended in Mar. 2024 was kr -810 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-4,444 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. Orsted A/S's Operating Income for the three months ended in Mar. 2024 was kr 4,999 Mil. Orsted A/S's Interest Expense for the three months ended in Mar. 2024 was kr -810 Mil. Orsted A/S's Interest Coverage for the quarter that ended in Mar. 2024 was 6.17. 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.

Orsted A/S Interest Expense Historical Data

The historical data trend for Orsted A/S'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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Orsted A/S Interest Expense Chart

Orsted A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2,407.00

-2,106.00

-1,861.00

-3,032.00

-4,279.00

Orsted A/S 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															-645.00	-715.00	-677.00	-2,242.00	-810.00

Orsted A/S 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 kr-4,444 Mil.

Orsted A/S (OCSE:ORSTED) 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.

Orsted A/S's Interest Expense for the three months ended in Mar. 2024 was kr-810 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr4,999 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr85,445 Mil.

Orsted A/S'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	*	4999	/	-810
	=	6.17

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. Orsted A/Ss earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Orsted A/S (OCSE:ORSTED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Orsted A/S (OCSE:ORSTED) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

DOGEF:USA DNNGY:USA ORSTEc:UK 0RHE:UK D2G:Germany

Address

Kraftvaerksvej 53, Skaerbaek, Fredericia, DNK, DK-7000

Website

https://www.orsted.com

Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 8.9 gigawatts of offshore wind farms at the end of 2022. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the U.S. Orsted also operates 4.2 GW of onshore wind and solar assets concentrated in the United States. The company is also involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.

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