Plug Power (FRA:PLUN) Interest Expense : €-42.4 Mil (TTM As of Mar. 2024)

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What is Plug Power Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Plug Power's interest expense for the three months ended in Mar. 2024 was € -10.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-42.4 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. Plug Power's Operating Income for the three months ended in Mar. 2024 was € -241.3 Mil. Plug Power's Interest Expense for the three months ended in Mar. 2024 was € -10.4 Mil. Plug Power 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.

Plug Power Interest Expense Historical Data

The historical data trend for Plug Power'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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Plug Power Interest Expense Chart

Plug Power Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-32.12

-49.74

-38.25

-36.85

-41.45

Plug Power 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															-9.95	-10.40	-11.06	-10.53	-10.42

Plug Power 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 €-42.4 Mil.

Plug Power (FRA:PLUN) 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.

Plug Power's Interest Expense for the three months ended in Mar. 2024 was €-10.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-241.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €724.3 Mil.

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

Plug Power did not have earnings to cover the interest expense.

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

Plug Power (FRA:PLUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Plug Power Inc (FRA:PLUN) » Definitions » Interest Expense

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Address

968 Albany Shaker Road, Latham, NY, USA, 12110

Website

https://www.plugpower.com

Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets—including material handling, e-mobility, power generation, and industrial applications.

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