Stem (STEM) Interest Expense : $-17.9 Mil (TTM As of Mar. 2024)

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What is Stem Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Stem's interest expense for the three months ended in Mar. 2024 was $ -4.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-17.9 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. Stem's Operating Income for the three months ended in Mar. 2024 was $ -68.0 Mil. Stem's Interest Expense for the three months ended in Mar. 2024 was $ -4.7 Mil. Stem 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.

Stem Interest Expense Historical Data

The historical data trend for Stem'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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Stem Interest Expense Chart

Stem Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-12.55

-20.81

-17.40

-10.47

-14.98

Stem 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													-1.78	-3.90	-4.41	-4.89	-4.71

Stem 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 $-17.9 Mil.

Stem (NYSE:STEM) 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.

Stem's Interest Expense for the three months ended in Mar. 2024 was $-4.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-68.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $534.1 Mil.

Stem's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Stem did not have earnings to cover the interest expense.

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

Stem (STEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Stem Inc (NYSE:STEM) » Definitions » Interest Expense

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Traded in Other Exchanges

5QQ0:Germany 5QQ0:Germany

Address

100 California Street, 14th Floor, San Francisco, CA, USA, 94111

Website

https://www.stem.com

Stem is a provider of energy storage systems. The company bundles third-party hardware with its proprietary Athena software to provide customers a turnkey solution. Stem sells its solutions to commercial and industrial customers as well as independent power producers and renewable developers. Its solutions help customers maximize renewable energy generation and help build a cleaner and more resilient grid. In 2022, the company acquired AlsoEnergy, a provider of solar asset management software.

Executives

Rahul Shukla	officer: Chief Accounting Officer	100 CALIFORNIA STREET, SAN FRANCISCO CA 94111
Michael James Carlson	officer: Chief Operating Officer	100 CALIFORNIA STREET, SAN FRANCISCO CA 94111
David S Buzby	director
Alan Russo	officer: Chief Revenue Officer	100 ROLLINS ROAD, MILLBRAE CA 94030
Matthew Tappin	officer: President, Asset Management	100 CALIFORNIA STREET, 14TH FLOOR, SAN FRANCISCO CA 94111
Lisa L Troe	director	12181 BLUFF CREEK DRIVE, 4TH FLOOR, LOS ANGELES CA 90094
Saul R. Laureles	officer: Chief Legal Officer	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
John Eugene Carrington	director, officer: CEO and Director	350 WEST WASHINGTON STREET, SUITE 600, TEMPE AZ 85281
William John Bush	officer: Chief Financial Officer	539 BRYANT STREET, SUITE 403, SAN FRANCISCO CA 94107
Kim Homenock	officer: Chief People Officer	100 CALIFORNIA STREET, SAN FRANCISCO CA 94111
Robert Schaefer	officer: President, AlsoEnergy	100 CALIFORNIA STREET, SAN FRANCISCO CA 94111
Larsh Johnson	officer: Chief Technical Officer	100 ROLLINS RD, MILLBRAE CA 94030
Prakesh Patel	officer: Chief Strategy Officer	100 ROLLINS ROAD, MILLBRAE CA 94030
Adam Daley	director	C/O MAGNETAR CAPITAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Anil Tammineedi	director	100 ROLLINS RD, MILLBRAE CA 94030