ReneSola (XSWX:RESOL1) Interest Expense : CHF-0.41 Mil (TTM As of Dec. 2023)

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What is ReneSola Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ReneSola's interest expense for the three months ended in Dec. 2023 was CHF -0.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was CHF-0.41 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. ReneSola's Operating Income for the three months ended in Dec. 2023 was CHF -5.32 Mil. ReneSola's Interest Expense for the three months ended in Dec. 2023 was CHF -0.21 Mil. ReneSola 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.

ReneSola Interest Expense Historical Data

The historical data trend for ReneSola'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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ReneSola Interest Expense Chart

ReneSola Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.00

-5.51

-4.75

-2.95

-0.07

ReneSola 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															-0.47	-0.12	-	-0.07	-0.21

ReneSola 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 CHF-0.41 Mil.

ReneSola (XSWX:RESOL1) 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.

ReneSola's Interest Expense for the three months ended in Dec. 2023 was CHF-0.21 Mil. Its Operating Income for the three months ended in Dec. 2023 was CHF-5.32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was CHF44.99 Mil.

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

ReneSola did not have earnings to cover the interest expense.

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

ReneSola (XSWX:RESOL1) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ReneSola Ltd (XSWX:RESOL1) » Definitions » Interest Expense

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Address

100 First Stamford Place, Suite 302, Stamford, CT, USA, 06902

Website

https://www.emeren.com

Emeren Group Ltd is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The company focuses on solar power project development, construction management, and project financing services with local professional teams in more than 10 countries.

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