Cleanspark (FRA:3UX) Interest Expense : €-2.2 Mil (TTM As of Mar. 2024)

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What is Cleanspark Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cleanspark's interest expense for the three months ended in Mar. 2024 was € -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-2.2 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. Cleanspark's Operating Income for the three months ended in Mar. 2024 was € 17.9 Mil. Cleanspark's Interest Expense for the three months ended in Mar. 2024 was € -0.5 Mil. Cleanspark's Interest Coverage for the quarter that ended in Mar. 2024 was 37.00. 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.

Cleanspark Interest Expense Historical Data

The historical data trend for Cleanspark'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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Cleanspark Interest Expense Chart

Cleanspark Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-8.61

-9.13

-0.12

-1.09

-2.79

Cleanspark 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															-0.75	-0.64	-0.56	-0.50	-0.48

Cleanspark 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 €-2.2 Mil.

Cleanspark (FRA:3UX) 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.

Cleanspark's Interest Expense for the three months ended in Mar. 2024 was €-0.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was €17.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €5.1 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	17.91	/	-0.484
	=	37.00

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

Cleanspark (FRA:3UX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cleanspark Inc (FRA:3UX) » Definitions » Interest Expense

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CLSK:USA CLSK:Mexico

Address

2370 Corporate Circle, Suite 160, Henderson, NV, USA, 89074

Website

https://www.cleanspark.com

Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.

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