ELVA (Electrovaya) Interest Expense: $-2.31 Mil (TTM As of Mar. 2026)

What is Electrovaya Interest Expense?

Electrovaya ELVA -0.31% 69 Interest Expense is $-2.31 Mil as of Mar. 2026. GuruFocus rates ELVA with a GF Score™ of 69/100 and a GF Value™ of $4.09 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Electrovaya's interest expense for the three months ended in Mar. 2026 was $ -0.55 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was $-2.31 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. Electrovaya's Operating Income for the three months ended in Mar. 2026 was $ 2.19 Mil. Electrovaya's Interest Expense for the three months ended in Mar. 2026 was $ -0.55 Mil. Electrovaya's Interest Coverage for the quarter that ended in Mar. 2026 was 4.01. 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.

Electrovaya (NAS:ELVA) 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.

Electrovaya's Interest Expense for the three months ended in Mar. 2026 was $-0.55 Mil. Its Operating Income for the three months ended in Mar. 2026 was $2.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was $33.70 Mil.

Electrovaya's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2026 )	/	Interest Expense (Q: Mar. 2026 )
	=	-1	*	2.185	/	-0.545
	=	4.01

* 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.

Electrovaya Interest Expense Historical Data

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The historical data trend for Electrovaya's Interest Expense can be seen below:

Electrovaya Interest Expense Chart

Electrovaya Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Interest Expense

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-2.67

-2.29

-2.50

-3.20

-2.60

Electrovaya Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Interest Expense	Get a 7-Day Free Trial															-0.64	-0.45	-0.83	-0.48	-0.55

69GF Score

Electrovaya Inc ELVA

Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.

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Electrovaya 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.31 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of $-2.31 Mil mean?

Electrovaya (ELVA) has a Interest Expense of $-2.31 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on Electrovaya and its competitors.

Is Electrovaya's Interest Expense too high?

Electrovaya's current Interest Expense is $-2.31 Mil. Overall, Electrovaya has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Electrovaya's Interest Expense compare to VRT and BE?

Electrovaya's Interest Expense of $-2.31 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for an Industrial Products company?

A good Interest Expense depends on the Industrial Products industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Electrovaya and its competitors. Electrovaya's current Interest Expense is $-2.31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Electrovaya stock overvalued right now?

Based on GuruFocus' analysis, Electrovaya (ELVA) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.09, compared to a current price of $9.69 — trading 136.9% above its estimated fair value. The current Interest Expense is $-2.31 Mil. Electrovaya's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For Electrovaya (ELVA), the current Interest Expense is $-2.31 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Electrovaya (ELVA) Overvalued in 2026?

Based on GuruFocus' analysis, Electrovaya stock appears to be overvalued. The current stock price of $9.69 is trading 136.9% above its estimated GF Value™ of $4.09. GuruFocus considers Electrovaya to be Significantly Overvalued.

Key valuation signals for ELVA:

Interest Expense: $-2.31 Mil
GF Value™: $4.09 vs. price of $9.69 (136.9% above fair value)
GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the ELVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Electrovaya Business Description

Industry Industrials Industrial Products

Comparable Companies TSX:GRID TSX:HMM.A TSXV:SPRQ XCNQ:QESS TSXV:UVC TSXV:LPS TSXV:NHHH XCNQ:HPSS TSXV:BES TSXV:EGT SZSE:300750 XSWX:ABBN VRT BKK:DELTA TSE:6503 BE XKRX:373220 MIL:PRY SZSE:300274 XPAR:LR

Other Exchanges 4EV0:Germany ELVA:Canada

Address 6688 Kitimat Road, Mississauga, ON, CAN, L5N 1P8

Website https://www.electrovaya.com

Electrovaya Inc is a technology-focused lithium-ion battery company engaged in designing, developing and manufacturing battery cells, modules and systems based on its proprietary Infinity Battery Technology, which provides high safety performance, long cycle life and durability. The Company supplies low-voltage and high-voltage battery systems for industrial and transportation markets, including material-handling equipment, robotic vehicles, electric buses and trucks, and energy-storage installations, and its products are suitable for mission-critical applications. it maintains an expanding intellectual-property portfolio, develops next-generation solid-state and hybrid solid-state battery technologies, and sells its products through OEM relationships, dealer networks and direct sales.

69GF Score

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$9.69

Price

$4.09

GF Value

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