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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spruce Power Holding's interest expense for the three months ended in Mar. 2024 was $ -10.94 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-46.06 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. Spruce Power Holding's Operating Income for the three months ended in Mar. 2024 was $ -4.05 Mil. Spruce Power Holding's Interest Expense for the three months ended in Mar. 2024 was $ -10.94 Mil. Spruce Power Holding 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 Spruce Power Holding'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.
Spruce Power Holding Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Interest Expense | -2.15 | -6.37 | -0.04 | -11.40 | -41.94 |
Spruce Power Holding 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 | -9.17 | -7.22 | -2.94 | -24.97 | -10.94 |
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 $-46.06 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.
Spruce Power Holding (NYSE:SPRU) 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.
Spruce Power Holding's Interest Expense for the three months ended in Mar. 2024 was $-10.94 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-4.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $590.83 Mil.
Spruce Power Holding's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Spruce Power Holding 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.
Christian S. Fong | director, officer: President and CEO | 7550 WISCONSIN AVENUE, 9TH FLOOR, BETHESDA MD 20814 |
Jonathan J Ledecky | director | C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005 |
Christopher M. Hayes | director | C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135 |
Eric M. Tech | director, officer: CEO | 2701 NAVISTAR DRIVE, LISLE IL 60532 |
Jonathan M Norling | officer: Chief Legal Officer | 820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024 |
Sarah Weber Wells | officer: SVP of Fin & Acc & Sustain' | 820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024 |
John P. Miller | director | 26W073 MOHICAN DRIVE, WHEATON IL 60189 |
Stacey Constas | officer: General Counsel | 47000 LIBERTY DRIVE, WIXOM MI 48393 |
Michael Kenhard | officer: CTO and VP of Engineering | 47000 LIBERTY DRIVE, WIXOM MI 48393 |
Calhoun Colleen | officer: VP / GM of XL Grid | 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067 |
Donald P Klein | officer: Chief Financial Officer | 201 MITTEL DRIVE, WOOD DALE IL 60191 |
Cielo Hernandez | officer: Chief Financial Officer | C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135 |
Berklas James P Jr | officer: General Counsel | 123 MAIN STREET, BRISTOL CT 06010 |
Sarah Sclarsic | director | C/O PIVOTAL INVESTMENT CORPORATION II, C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174 |
Niharika Ramdev | director | C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135 |
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