Ballard Power Systems (TSX:BLDP) Interest Expense : C$-1.5 Mil (TTM As of Dec. 2023)

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What is Ballard Power Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ballard Power Systems's interest expense for the three months ended in Dec. 2023 was C$ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-1.5 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. Ballard Power Systems's Operating Income for the three months ended in Dec. 2023 was C$ -50.9 Mil. Ballard Power Systems's Interest Expense for the three months ended in Dec. 2023 was C$ -0.4 Mil. Ballard Power Systems 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.

Ballard Power Systems Interest Expense Historical Data

The historical data trend for Ballard Power Systems'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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Ballard Power Systems Interest Expense Chart

Ballard Power Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.89

-1.67

-1.66

-1.72

-1.48

Ballard Power Systems 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															-0.39	-0.39	-0.35	-0.39	-0.36

Ballard Power Systems 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 C$-1.5 Mil.

Ballard Power Systems (TSX:BLDP) 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.

Ballard Power Systems's Interest Expense for the three months ended in Dec. 2023 was C$-0.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-50.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$18.0 Mil.

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

Ballard Power Systems did not have earnings to cover the interest expense.

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

Ballard Power Systems (TSX:BLDP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ballard Power Systems Inc (TSX:BLDP) » Definitions » Interest Expense

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BLDP:USA 0QY5:UK PO0:Germany

Address

9000 Glenlyon Parkway, Burnaby, BC, CAN, V5J 5J8

Website

https://www.ballard.com

Ballard Power Systems is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale, and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (bus, truck, rail, and marine applications), material handling, and stationary power generation. Sales are concentrated in the U.S., Europe, and China.

Executives

Sarbjot Sidhu

Senior Officer