CGE Transmision (XSGO:CGET) Interest Expense : CLP-71,534 Mil (TTM As of Dec. 2023)

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What is CGE Transmision Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CGE Transmision's interest expense for the three months ended in Dec. 2023 was CLP -15,525 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was CLP-71,534 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. CGE Transmision's Operating Income for the three months ended in Dec. 2023 was CLP 29,339 Mil. CGE Transmision's Interest Expense for the three months ended in Dec. 2023 was CLP -15,525 Mil. CGE Transmision's Interest Coverage for the quarter that ended in Dec. 2023 was 1.89. 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.

CGE Transmision Interest Expense Historical Data

The historical data trend for CGE Transmision'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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CGE Transmision Interest Expense Chart

CGE Transmision Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-51,986.03

-71,533.69

CGE Transmision Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial				-17,065.56	-19,554.58	-18,663.12	-17,791.08	-15,524.91

CGE Transmision 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 quarterly data reported by the company within the most recent 12 months, which was CLP-71,534 Mil.

CGE Transmision (XSGO:CGET) 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.

CGE Transmision's Interest Expense for the three months ended in Dec. 2023 was CLP-15,525 Mil. Its Operating Income for the three months ended in Dec. 2023 was CLP29,339 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was CLP343,472 Mil.

CGE Transmision'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	*	29338.895	/	-15524.908
	=	1.89

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. CGE Transmision SA interest coverage is 1.54, which is low.

CGE Transmision (XSGO:CGET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CGE Transmision SA (XSGO:CGET) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Presidente Riesco 5561, 17th floor, Las Condes, Santiago, CHL

Website

https://www.cgetransmision.cl

CGE Transmision SA engages in electricity transmission. It operates in the electric power transmission sector, mainly in the zonal transmission and dedicated transmission segments. The transmission system is divided into five large segments: National Transmission; Zonal Transmission; Dedicated Transmission; Transmission for development poles; and International Interconnection System.

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