Plug Power (Plug Power) Interest Expense : $-45.2 Mil (TTM As of Dec. 2023)

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What is Plug Power Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Plug Power's interest expense for the three months ended in Dec. 2023 was $ -11.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-45.2 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. Plug Power's Operating Income for the three months ended in Dec. 2023 was $ -364.4 Mil. Plug Power's Interest Expense for the three months ended in Dec. 2023 was $ -11.5 Mil. Plug Power 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.

Plug Power Interest Expense Historical Data

The historical data trend for Plug Power'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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Plug Power Interest Expense Chart

Plug Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-35.69

-60.51

-43.23

-39.04

-45.20

Plug Power 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															-10.17	-10.65	-11.27	-11.80	-11.48

Plug Power 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 $-45.2 Mil.

Plug Power (NAS:PLUG) 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.

Plug Power's Interest Expense for the three months ended in Dec. 2023 was $-11.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-364.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $809.0 Mil.

Plug Power's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Plug Power did not have earnings to cover the interest expense.

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

Plug Power (Plug Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Plug Power Inc (NAS:PLUG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PLUG:Mexico 1PLUG:Italy 0R1J:UK PLUN:Germany PLUN:Germany PLUN:Germany PLUN:Germany PLUG:Austria

Address

968 Albany Shaker Road, Latham, NY, USA, 12110

Website

https://www.plugpower.com

Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets—including material handling, e-mobility, power generation, and industrial applications.

Executives

Jose Luis Crespo	officer: GM, MATL Handling, Key Accts	C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Mark J Bonney	director	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 74204
Patrick Joggerst	director	C/O BROADSOFT, INC., 9737 WASHINGTONIAN BOULEVARD, SUITE 350, GAITHERSBURG MD 20878
David Mindnich	officer: EVP, Global Manufacturing	C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Keith Schmidt	officer: GM New Mkts & Pres New Prd Dv	C/O CHELSEA THERAPEUTICS, INC., 13950 BALLANTYNE CORPORATE PL, UNIT 325, CHARLOTTE NC 28277
Jean A Bua	director
Kavita Mahtani	director	C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Dirk Ole Hoefelmann	officer: GM, Electrolyzer Solutions	C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Sanjay K Shrestha	officer: Chief Strategy Officer	968 ALBANY SHAKER RD, LATHAM NY 12110
Kyungyeol Song	director	C/O GROVE ENERGY CAPITAL LLC, 55 EAST 59TH ST. 11TH FL., NEW YORK NY 10022
Kim Harriman	director	C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Andrew Marsh	director, officer: President & CEO	968 ALBANY SHAKER ROAD, LATHAM NY 12110
George C Mcnamee	director, officer: Chairman of the Board	FIRST ALBANY COMPANIES INC., 677 BROADWAY, ALBANY NY 12207-2990
Jonathan M Silver	director	3027 N STREET NW, WASHINGTON DC 20007
Conway Gerard L Jr	officer: General Counsel	968 ALBANY-SHAKER ROAD, LATHAM NY 12110