Proton Motor Power Systems (LSE:PPS) Interest Expense : £-5.65 Mil (TTM As of Jun. 2023)

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What is Proton Motor Power Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Proton Motor Power Systems's interest expense for the six months ended in Jun. 2023 was £ -3.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was £-5.65 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. Proton Motor Power Systems's Operating Income for the six months ended in Jun. 2023 was £ -6.10 Mil. Proton Motor Power Systems's Interest Expense for the six months ended in Jun. 2023 was £ -3.01 Mil. Proton Motor Power Systems 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.

Proton Motor Power Systems Interest Expense Historical Data

The historical data trend for Proton Motor Power Systems'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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Proton Motor Power Systems Interest Expense Chart

Proton Motor Power Systems Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-3.88

-4.50

-5.19

-1.50

-3.63

Proton Motor Power Systems Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.72	-0.78	-0.99	-2.64	-3.01

Proton Motor Power Systems 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-5.65 Mil.

Proton Motor Power Systems (LSE:PPS) 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.

Proton Motor Power Systems's Interest Expense for the six months ended in Jun. 2023 was £-3.01 Mil. Its Operating Income for the six months ended in Jun. 2023 was £-6.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was £119.46 Mil.

Proton Motor Power Systems's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Proton Motor Power Systems did not have earnings to cover the interest expense.

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

Proton Motor Power Systems (LSE:PPS) Business Description

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P6K0:Germany

Address

C/o Womble Bond Dickinson (UK) LLP, 4 More London Riverside, London, GBR, SE1 2AU

Website

https://www.proton-motor.de

Proton Motor Power Systems PLC and its subsidiaries are manufacturers of hydrogen fuel cells and fuel cell systems for mobile, maritime and stationary applications. It offers OEM fuel cell systems products, power supplies, and solar battery storage products. The company is organized into only the principal operating division, Green Energy. Its primary geographic markets are Germany, Europe, and the rest of the world of which Europe generates the majority of its revenue.