The Lion Electric Co (The Lion Electric Co) Interest Expense : $-24.6 Mil (TTM As of Mar. 2024)

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What is The Lion Electric Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Lion Electric Co's interest expense for the three months ended in Mar. 2024 was $ -10.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-24.6 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. The Lion Electric Co's Operating Income for the three months ended in Mar. 2024 was $ -26.0 Mil. The Lion Electric Co's Interest Expense for the three months ended in Mar. 2024 was $ -10.9 Mil. The Lion Electric Co 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 Lion Electric Co Interest Expense Historical Data

The historical data trend for The Lion Electric Co'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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The Lion Electric Co Interest Expense Chart

The Lion Electric Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.35

-3.86

-6.55

-0.65

-14.90

The Lion Electric Co Quarterly Data
	Dec19	May20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-1.08	-2.24	-7.73	-3.75	-10.88

The Lion Electric Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-24.6 Mil.

The Lion Electric Co (NYSE:LEV) 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.

The Lion Electric Co's Interest Expense for the three months ended in Mar. 2024 was $-10.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-26.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $328.4 Mil.

The Lion Electric Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

The Lion Electric Co did not have earnings to cover the interest expense.

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

The Lion Electric Co (The Lion Electric Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » The Lion Electric Co (NYSE:LEV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

70U:Germany LEV:Canada

Address

921 chemin de la Riviere-du-Nord, Saint-Jerome, QC, CAN, J7Y 5G2

Website

https://www.thelionelectric.com

The Lion Electric Co. includes designing, developing, manufacturing and distributing purpose-built all-electric medium and heavy-duty urban vehicles including battery systems, chassis, bus bodies and truck cabins. The Group also distributes truck and bus parts and accessories. The Group has one reportable operating segment, the manufacturing and sales of electric vehicles in Canada and in the United States. Geographically, the majority of revenue is generated from Canada.