Correlate Energy (Correlate Energy) Interest Expense : $-6.13 Mil (TTM As of Mar. 2024)

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What is Correlate Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Correlate Energy's interest expense for the three months ended in Mar. 2024 was $ -1.50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-6.13 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. Correlate Energy's Operating Income for the three months ended in Mar. 2024 was $ -2.98 Mil. Correlate Energy's Interest Expense for the three months ended in Mar. 2024 was $ -1.50 Mil. Correlate 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.

Correlate Energy Interest Expense Historical Data

The historical data trend for Correlate 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.

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Correlate Energy Interest Expense Chart

Correlate Energy Annual Data

Trend

Dec14

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Dec19

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Dec23

Interest Expense

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-0.91

-0.02

-1.22

-5.52

Correlate Energy Quarterly Data
	Jun19	Sep19	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															-0.89	-1.46	-1.80	-1.39	-1.50

Correlate 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.13 Mil.

Correlate Energy (OTCPK:CIPI) 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.

Correlate Energy's Interest Expense for the three months ended in Mar. 2024 was $-1.50 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-2.98 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2.44 Mil.

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

Correlate Energy did not have earnings to cover the interest expense.

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

Correlate Energy (Correlate Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Correlate Energy Corp (OTCPK:CIPI) » Definitions » Interest Expense

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Address

220 Travis Street, Suite 501, Shreveport, LA, USA, 71101

Website

https://www.correlate.energy

Correlate Energy Corp Formerly Correlate Infrastructure Partners Inc, together with its subsidiaries, is a technology-enabled clean energy optimization provider that offers a complete suite of proprietary clean energy assessment and deployment solutions for commercial and industrial (C&I) building and property owners in the United States. Through the company's true tech-enabled project development and financing platform, it provides portfolio energy optimization and clean energy solutions for sustainable profit growth in buildings nationwide.

Executives

Eli Albrecht	director	176 S. CAPITOL BLVD., 2ND FLOOR, BOISE ID 83702
Channing F. Chen	officer: Chief Financial Officer	25 ARUNDEL RD, BURLINGAME CA 94010
G Robert Powell	director	P.O. BOX 1204, LAFAYETTE CA 94549
Matthew C Flemming	director	18614 RESICA FALLS, HOUSTON TX 77094
Jason Loyet	director	205 DEMONBREUN STREET, 1801, NASHVILLE TN 37201
Todd Robert Michaels	director, officer: CEO and President	3212 S. EAGLE BROOK LANE, EAGLE ID 83616
Hunt Cory Gerald	director	939 MAYDEL PALMER VISTA NORTH, LETHBRIDGE A0 T1H7B7
Newton W. Dorsett	10 percent owner	220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101
Tim Burroughs	officer: President, CEO	2717 SUN MEADOW DR, FLOWER MOUND TX 75022
Daniel R Robinson	director	190 COYOTE COURT, ARGYLE TX 76226
Donald R Lawhorne	director	2435 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080
Kenneth Conte	officer: Chief Financial Officer	12222 MERIT DRIVE, SUITE 1850, DALLAS TX 75251
Charles David York	officer: Executive Vice President	5004 JOSHUA DRIVE, FLOWER MOUND TX 75028
Sherri Cecotti	officer: Vice President	3030 LBJ FREEWAY, SUITE 1320, DALLAS TX 75234
Bernard O'donnell	director	3505 WOODHAVEN DRIVE, DALLAS TX 75234