Ormat Technologies (Ormat Technologies) Interest Expense : $-98.9 Mil (TTM As of Dec. 2023)

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What is Ormat Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ormat Technologies's interest expense for the three months ended in Dec. 2023 was $ -25.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-98.9 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. Ormat Technologies's Operating Income for the three months ended in Dec. 2023 was $ 53.0 Mil. Ormat Technologies's Interest Expense for the three months ended in Dec. 2023 was $ -25.8 Mil. Ormat Technologies's Interest Coverage for the quarter that ended in Dec. 2023 was 2.06. 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.

Ormat Technologies Interest Expense Historical Data

The historical data trend for Ormat Technologies'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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Ormat Technologies Interest Expense Chart

Ormat Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-80.38

-77.95

-82.66

-87.74

-98.88

Ormat Technologies 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															-23.84	-23.63	-24.39	-25.05	-25.80

Ormat Technologies 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 $-98.9 Mil.

Ormat Technologies (NYSE:ORA) 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.

Ormat Technologies's Interest Expense for the three months ended in Dec. 2023 was $-25.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $53.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,811.3 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	53.043	/	-25.803
	=	2.06

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

Ormat Technologies (Ormat Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ormat Technologies Inc (NYSE:ORA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ORA:Israel HNM:Germany

Address

6140 Plumas Street, Reno, NV, USA, 89519-6075

Website

https://www.ormat.com

Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segments: 1) Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. 2) Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. 3) Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.

Executives

Dafna Sharir	director	C/O AMPAL AMERICAN ISRAEL CORP, 111 ARLOZOROV STREET, TEL AVIV ISREL L3 00000
Isaac Angel	officer: CEO Appointee	2099 GATEWAY PLACE, SUITE 600 CA 95110
Doron Blachar	officer: CFO	6225 NEIL ROAD, RENO NV 89511
Stanley Stern	director	C/O THCG, INC, 650 MADISON AVENUE, 21ST FL, NEW YORK NY 10022
Orix Corp	10 percent owner	WORLD TRADE CENTER BLDG., SOUTH TOWER, 2-4-1 HAMAMATSU-CHO, MINATO-KU, TOKYO M0 105 5135
Byron G. Wong	director	2 TRAILS END, WESTPORT CT 06880
David Granot	director	6225 NEIL ROAD, RENO NV 89511
Shimon Hatzir	officer: VP, Elect. & Conceptual Engin.	6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511
Shlomi Argas	officer: V.P., Projects	6225 NEIL ROAD, RENO NV 89511
Karin Corfee	director	6140 PLUMAS STREET, RENO NV 89519
Michal Marom	director	6140 PLUMAS STREET, RENO NV 89519
Dan Falk	director	6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511
Jessica Woelfel	officer: General Counsel and CCO	6140 PLUMAS STREET, RENO NV 89519
Mike Nikkel	director	6140 PLUMAS STREET, RENO NV 89519
Zvi Krieger	officer: VP, Geothermal Enginerring	6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511