Polaris Renewable Energy (TSX:PIF) Interest Expense : C$-26.5 Mil (TTM As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

What is Polaris Renewable Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Polaris Renewable Energy's interest expense for the three months ended in Dec. 2023 was C$ -6.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-26.5 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. Polaris Renewable Energy's Operating Income for the three months ended in Dec. 2023 was C$ 8.0 Mil. Polaris Renewable Energy's Interest Expense for the three months ended in Dec. 2023 was C$ -6.6 Mil. Polaris Renewable Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 1.22. 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.

Polaris Renewable Energy Interest Expense Historical Data

The historical data trend for Polaris Renewable 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.

* Premium members only.

Polaris Renewable Energy Interest Expense Chart

Polaris Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-20.67

-19.03

-19.06

-19.48

-25.94

Polaris Renewable 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															-2.67	-6.66	-6.53	-6.76	-6.55

Polaris Renewable 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 C$-26.5 Mil.

Polaris Renewable Energy (TSX:PIF) 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.

Polaris Renewable Energy's Interest Expense for the three months ended in Dec. 2023 was C$-6.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$8.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$213.2 Mil.

Polaris Renewable Energy'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	*	7.965	/	-6.55
	=	1.22

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

Polaris Renewable Energy (TSX:PIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Polaris Renewable Energy Inc (TSX:PIF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

RAMPF:USA N4T:Germany

Address

7 St. Thomas Street, Suite 606, Toronto, ON, CAN, M5S 2B7

Website

https://www.polarisrei.com

Polaris Renewable Energy Inc is engaged in the acquisition, exploration, development and operation of renewable energy projects in the Americas. The Company operates in five reportable operating segments: 1) Nicaragua which includes the acquisition, exploration, development and operation of a geothermal project; 2) Peru which includes the acquisition, exploration, development and operation of hydroelectric projects; 3) Panama which includes acquisition, development and operation of solar projects; 4) Dominican Republic which includes acquisition, development and operation of solar projects; 5) Ecuador which includes acquisition, exploration, development and operation of hydroelectric projects.

Polaris Renewable Energy (TSX:PIF) Headlines

No Headlines