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ALCE (Alternus Clean Energy) Interest Expense : $-25.54 Mil (TTM As of Sep. 2024)


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What is Alternus Clean Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alternus Clean Energy's interest expense for the three months ended in Sep. 2024 was $ -1.57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-25.54 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. Alternus Clean Energy's Operating Income for the three months ended in Sep. 2024 was $ -2.27 Mil. Alternus Clean Energy's Interest Expense for the three months ended in Sep. 2024 was $ -1.57 Mil. Alternus Clean Energy 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.

Alternus Clean Energy Interest Expense Historical Data

The historical data trend for Alternus Clean 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.

Alternus Clean Energy Interest Expense Chart

Alternus Clean Energy Annual Data
Trend Dec21 Dec22 Dec23
Interest Expense
-16.93 -10.26 -18.56

Alternus Clean Energy Quarterly Data
Dec21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.74 -15.70 -4.16 -4.11 -1.57

Alternus Clean 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-25.54 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.

Alternus Clean Energy  (NAS:ALCE) 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.

Alternus Clean Energy's Interest Expense for the three months ended in Sep. 2024 was $-1.57 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-2.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1.07 Mil.

Alternus Clean Energy's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Alternus Clean Energy 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.

Alternus Clean Energy Business Description

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Address
360 Kingsley Park Drive, Suite 250, Fort Mill, SC, USA, 29715
Website
https://www.alternusenergy.com
Alternus Clean Energy Inc is an international independent clean energy producer. It develops, installs, owns and operates a diverse portfolio of utility-scale solar photovoltaic power stations (PV parks) in Europe and the USA as a long-term owner. The solar parks benefit from long-term government offtake contracts and/or Power Purchase Agreements (PPAs) with investment grade off-takers, plus energy sales to local power grids. It has approximately 8 operating parks, a total of 44 MWp in operation.