Genie Energy (Genie Energy) Interest Expense : $-0.1 Mil (TTM As of Dec. 2023)

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What is Genie Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Genie Energy's interest expense for the three months ended in Dec. 2023 was $ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.1 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. Genie Energy's Operating Income for the three months ended in Dec. 2023 was $ -34.2 Mil. Genie Energy's Interest Expense for the three months ended in Dec. 2023 was $ -0.0 Mil. Genie 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.

Genie Energy Interest Expense Historical Data

The historical data trend for Genie 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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Genie Energy Interest Expense Chart

Genie Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.53

-0.33

-0.43

-0.13

-0.10

Genie 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	Get a 7-Day Free Trial															0.01	-0.02	-0.03	-0.03	-0.02

Genie 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 $-0.1 Mil.

Genie Energy (NYSE:GNE) 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.

Genie Energy's Interest Expense for the three months ended in Dec. 2023 was $-0.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-34.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.0 Mil.

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

Genie Energy did not have earnings to cover the interest expense.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Genie Energy Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Genie Energy (Genie Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Genie Energy Ltd (NYSE:GNE) » Definitions » Interest Expense

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Traded in Other Exchanges

6GE:Germany 6GE:Germany

Address

520 Broad Street, Newark, NJ, USA, 07102

Website

https://www.genie.com

Genie Energy, through its subsidiaries, operates primarily as a global retail energy provider. It operates two reportable business segments: Genie retail energy, or GRE, and Genie renewables. The Genie retail energy segment resells energy to residential and commercial consumers in the Eastern and Midwestern United States through its portfolio of various retail energy providers. The Genie renewables segment holds controlling interests in various companies engaged in the manufacturing of solar panels, solar installation design, and solar energy project management.

Executives

Alan B Rosenthal	director	C/O GENIE ENERGY LTD., 520 BROAD STREET, NEWARK NJ 07102
Joyce J Mason	director	IDT CORP, 520 BROAD STREET, NEWARK NJ 07102
Avi Goldin	officer: CFO and Treasurer	C/O GENIE ENERGY LTD., 520 BROAD STREET, NEWARK NJ 07102
James A Courter	director	IDT CORP, 520 BROAD STREET, NEWARK NJ 07102
Howard S Jonas	director, 10 percent owner, officer: Chairman of the Board
Michael C Jonas	officer: Executive Vice President	C/O GENIE ENERGY LTD., 550 BROAD STREET, NEWARK NJ 07102
Michael M Stein	officer: Executive Vice President	550 BROAD STREET, 17TH FLOOR, NEWARK NJ 07102
Irwin Katsof	director	C/O CTM MEDIA HOLDINGS, INC., 11 LARGO DRIVE SOUTH, STAMFORD CT 06907
Claude Pupkin	officer: CEO & President	IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102
Ira A Greenstein	officer: President	IDT CORP, 520 BROAD STREET, NEWARK NJ 07102
Idt Corp	10 percent owner	520 BROAD STREET, NEWARK NJ 07102
William Wesley Perry	director
Allan Sass	director	C/O GENIE ENERGY LTD., 520 BROAD STREET, NEWARK NJ 07102
Geoffrey Rochwarger	officer: Vice Chairman	IDT CORP, 520 BROAD STREET, NEWARK NJ 07102