FTC Solar (FTC Solar) Interest Expense : $-0.33 Mil (TTM As of Mar. 2024)

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What is FTC Solar Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. FTC Solar's interest expense for the three months ended in Mar. 2024 was $ -0.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.33 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. FTC Solar's Operating Income for the three months ended in Mar. 2024 was $ -12.50 Mil. FTC Solar's Interest Expense for the three months ended in Mar. 2024 was $ -0.14 Mil. FTC Solar 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.

FTC Solar Interest Expense Historical Data

The historical data trend for FTC Solar'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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FTC Solar Interest Expense Chart

FTC Solar Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.45

-0.36

-0.81

-0.98

-0.25

FTC Solar Quarterly Data
	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													-0.06	-0.03	-0.11	-0.06	-0.14

FTC Solar 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 $-0.33 Mil.

FTC Solar (NAS:FTCI) 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.

FTC Solar's Interest Expense for the three months ended in Mar. 2024 was $-0.14 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-12.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.93 Mil.

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

FTC Solar did not have earnings to cover the interest expense.

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

FTC Solar (FTC Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FTC Solar Inc (NAS:FTCI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

6YK:Germany 6YK:Germany

Address

9020 N Capital of Texas Highway, Building 1, Suite 260, Austin, TX, USA, 78759

Website

https://www.ftcsolar.com

FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services. It focuses on providing differentiated products, software and services that maximize energy generation and cost savings for customers, and to help facilitate the continued growth and adoption of solar power globally.

Executives

Robert Phelps Morris	officer: CHIEF FINANCIAL OFFICER	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-250, AUSTIN TX 78759
Ahmad R Chatila	director	3901 NO. FIRST STREET, SAN JOSE CA 95134
Shaker Sadasivam	director	P O BOX 8, SAINT PETERS MO 63376
William A Priddy	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Cathy Behnen	officer: CHIEF ACCOUNTING OFFICER	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Sasan Aminpour	officer: Chief Operating Officer	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Arc Family Trust	10 percent owner	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Kristian Nolde	officer: VP, MARKETING AND STRATEGY	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Patrick Cook	officer: CHIEF FINANCIAL OFFICER	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Tamara Mullings	director	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
David Springer	director, 10 percent owner	2718 LOYAGA DRIVE, ROUND ROCK TX 78681
Nagendra Cherukupalli	officer: CHIEF TECHNOLOGY OFFICER	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Sean Hunkler	director, officer: PRESIDENT AND CEO	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Thurman J Rodgers	director	535 EASTVIEW WAY, WOODSIDE CA 94062
South Cone Investments Limited Partnership	10 percent owner	AVENIDA PRESIDENTE RIESCO 5711 OFICINA 1, LAS CONDES, SANTIAGO F3 7550000