Ocean Thermal Energy (Ocean Thermal Energy) Interest Expense

: $-2.28 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ocean Thermal Energy's interest expense for the three months ended in Dec. 2023 was $ -0.58 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.28 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. Ocean Thermal Energy's Operating Income for the three months ended in Dec. 2023 was $ -0.35 Mil. Ocean Thermal Energy's Interest Expense for the three months ended in Dec. 2023 was $ -0.58 Mil. Ocean Thermal Energy did not have earnings to cover the interest expense. 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.

Ocean Thermal Energy Interest Expense Historical Data

The historical data trend for Ocean Thermal 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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Ocean Thermal Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-2.39

-1.64

-2.11

-2.03

-2.28

Ocean Thermal Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-0.50	-0.55	-0.57	-0.58	-0.58

Ocean Thermal 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 quarterly data reported by the company within the most recent 12 months, which was $-2.28 Mil.

Ocean Thermal Energy (OTCPK:CPWR) 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.

Ocean Thermal Energy's Interest Expense for the three months ended in Dec. 2023 was $-0.58 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-0.35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.00 Mil.

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

Ocean Thermal Energy did not have earnings to cover the interest expense.

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

Ocean Thermal Energy (Ocean Thermal Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ocean Thermal Energy Corp (OTCPK:CPWR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3675 Market Street, Suite 200, Philadelphia, PA, USA, 19104

Website

http://www.otecorporation.com

Ocean Thermal Energy Corp is engaged in the business of developing deep-water hydrothermal technologies to provide renewable energy and drinking water. OTE's Ocean Thermal Energy Conversion (OTEC) and Sea Water Air Conditioning (SWAC) technologies, Lake Source Cooling are designed to take advantage of the difference between cold deep water and warmer surface water to produce hydrothermal energy without requiring fossil fuels. The company is also in the business of facilitating the development of sustainable living communities by creating ecologically sustainable ecovillages powered by fossil-fuel-free electricity, buildings cooled by energy-efficient and chemical-free systems. Ecovillages are communities whose goal is to become more socially, economically, and ecologically sustainable.

Executives

Peter H Wolfson	director	342 N FARM DRIVE, LITITZ PA 17543
Antoinette R. Hempstead	director	7611 S. SCENIC MAPLE DR., WEST JORDAN UT 84081
Jeremy Feakins	director, 10 percent owner, officer: CEO and CFO	800 SOUTH QUEENS ST., LANCASTER PA 17603
Jpf Venture Group, Inc.	10 percent owner	800 SOUTH QUEENS STREET, LANCASTER PA 17603