Avangrid (STU:12A) Interest Expense : €-406 Mil (TTM As of Mar. 2024)

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What is Avangrid Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avangrid's interest expense for the three months ended in Mar. 2024 was € -115 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-406 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. Avangrid's Operating Income for the three months ended in Mar. 2024 was € 374 Mil. Avangrid's Interest Expense for the three months ended in Mar. 2024 was € -115 Mil. Avangrid's Interest Coverage for the quarter that ended in Mar. 2024 was 3.26. 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.

Avangrid Interest Expense Historical Data

The historical data trend for Avangrid'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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Avangrid Interest Expense Chart

Avangrid Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-279.00

-259.75

-263.73

-286.03

-375.05

Avangrid 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															-88.73	-91.38	-100.26	-99.04	-115.00

Avangrid 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 €-406 Mil.

Avangrid (STU:12A) 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.

Avangrid's Interest Expense for the three months ended in Mar. 2024 was €-115 Mil. Its Operating Income for the three months ended in Mar. 2024 was €374 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €9,262 Mil.

Avangrid'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	*	374.44	/	-115
	=	3.26

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

Avangrid (STU:12A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Avangrid Inc (STU:12A) » Definitions » Interest Expense

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Traded in Other Exchanges

AGR:USA 12A:Germany

Address

180 Marsh Hill Road, Orange, CT, USA, 06477

Website

https://www.avangrid.com

Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. Renewables has historically focused on developing onshore wind projects but is looking to make developments in solar and offshore wind over the next five years. It operates more than 8.6 gigawatts of renewable energy across the U.S. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.5% of Avangrid.

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