Ameresco (Ameresco) Interest Expense : $-40 Mil (TTM As of Dec. 2023)

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What is Ameresco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ameresco's interest expense for the three months ended in Dec. 2023 was $ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-40 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. Ameresco's Operating Income for the three months ended in Dec. 2023 was $ 38 Mil. Ameresco's Interest Expense for the three months ended in Dec. 2023 was $ -13 Mil. Ameresco's Interest Coverage for the quarter that ended in Dec. 2023 was 2.81. 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.

Ameresco Interest Expense Historical Data

The historical data trend for Ameresco'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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Ameresco Interest Expense Chart

Ameresco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-16.07

-18.11

-17.21

-30.63

-40.37

Ameresco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-9.55	-7.98	-8.80	-10.24	-13.35

Ameresco 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 $-40 Mil.

Ameresco (NYSE:AMRC) 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.

Ameresco's Interest Expense for the three months ended in Dec. 2023 was $-13 Mil. Its Operating Income for the three months ended in Dec. 2023 was $38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,212 Mil.

Ameresco'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	*	37.558	/	-13.349
	=	2.81

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

Ameresco (Ameresco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ameresco Inc (NYSE:AMRC) » Definitions » Interest Expense

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Traded in Other Exchanges

4AM:Germany

Address

111 Speen Street, Suite 410, Framingham, MA, USA, 01701

Website

https://www.ameresco.com

Ameresco Inc provides energy efficiency solutions for facilities in North America and Europe. It focuses on projects that reduce energy, also focuses on the operation and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco distributes solar energy products and systems, such as PV panels, solar regulators, solar charge controllers, inverters, solar-powered lighting systems, solar-powered water pumps, solar panel mounting hardware, and other system components. The company's segment includes U.S. Regions; U.S. Federal; Canada; Alternative Fuels; Non-Solar DG and All Other. It derives a majority of revenue from the U.S. Regions segment.

Executives

George P Sakellaris	director, 10 percent owner, officer: President and CEO	111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Nicole E Bulgarino	officer: Senior Vice President	C/O AMERESCO, INC., 111 SPEEN ST, SUITE 410, FRAMINGHAM MA 01701
Spencer Doran Hole	officer: SVP and CFO	C/O AMERESCO, INC., 111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Peter Christakis	officer: Executive Vice President	C/O AMERESCO, INC., 111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Britta Macintosh	officer: Senior Vice President	111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812
Louis P Maltezos	officer: Executive Vice President	411 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
David J Corrsin	director, officer: EVP and General Counsel	411 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Mark Chiplock	officer: Vice President & CFO	C/O AMERESCO, INC., 111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Michael T Bakas	officer: Senior Vice President	111 SPEEN STREET, SUIT 410, FRAMINGHAM MA 01701
Wisneski Francis V Jr	director	111 SPEEN STREET, FRAMINGHAM MA 01701
Charles R. Patton	director	1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Claire D'oyly-hughes Johnson	director	C/O AMERESCO, INC., 111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812
Douglas I Foy	director	411 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Robert Georgeoff	officer: Senior Vice President	111 SPEEN STREET, STE. 401, 111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812
Thomas S Murley	director	C/O AMERESCO, INC., 111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701