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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. FTC Solar's interest expense for the three months ended in Mar. 2024 was $ -0.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.33 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. FTC Solar's Operating Income for the three months ended in Mar. 2024 was $ -12.50 Mil. FTC Solar's Interest Expense for the three months ended in Mar. 2024 was $ -0.14 Mil. FTC Solar 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.
The historical data trend for FTC Solar'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.
FTC Solar Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Interest Expense | -0.45 | -0.36 | -0.81 | -0.98 | -0.25 |
FTC Solar Quarterly Data | ||||||||||||||||||
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 | -0.06 | -0.03 | -0.11 | -0.06 | -0.14 |
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 $-0.33 Mil.
* 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.
FTC Solar (NAS:FTCI) Interest Expense Explanation
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. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
FTC Solar's Interest Expense for the three months ended in Mar. 2024 was $-0.14 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-12.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.93 Mil.
FTC Solar's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
FTC Solar did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Robert Phelps Morris | officer: CHIEF FINANCIAL OFFICER | C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-250, AUSTIN TX 78759 |
Ahmad R Chatila | director | 3901 NO. FIRST STREET, SAN JOSE CA 95134 |
Shaker Sadasivam | director | P O BOX 8, SAINT PETERS MO 63376 |
William A Priddy | director | C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409 |
Cathy Behnen | officer: CHIEF ACCOUNTING OFFICER | 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
Sasan Aminpour | officer: Chief Operating Officer | C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
Arc Family Trust | 10 percent owner | 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
Kristian Nolde | officer: VP, MARKETING AND STRATEGY | 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
Patrick Cook | officer: CHIEF FINANCIAL OFFICER | 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
Tamara Mullings | director | C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
David Springer | director, 10 percent owner | 2718 LOYAGA DRIVE, ROUND ROCK TX 78681 |
Nagendra Cherukupalli | officer: CHIEF TECHNOLOGY OFFICER | 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
Sean Hunkler | director, officer: PRESIDENT AND CEO | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Thurman J Rodgers | director | 535 EASTVIEW WAY, WOODSIDE CA 94062 |
South Cone Investments Limited Partnership | 10 percent owner | AVENIDA PRESIDENTE RIESCO 5711 OFICINA 1, LAS CONDES, SANTIAGO F3 7550000 |
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