SMA Solar Technology AG (LTS:0NIF) Interest Expense : €-6 Mil (TTM As of Mar. 2024)

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What is SMA Solar Technology AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SMA Solar Technology AG's interest expense for the three months ended in Mar. 2024 was € -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-6 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. SMA Solar Technology AG's Operating Income for the three months ended in Mar. 2024 was € 38 Mil. SMA Solar Technology AG's Interest Expense for the three months ended in Mar. 2024 was € -2 Mil. SMA Solar Technology AG's Interest Coverage for the quarter that ended in Mar. 2024 was 15.93. 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.

SMA Solar Technology AG Interest Expense Historical Data

The historical data trend for SMA Solar Technology AG'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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SMA Solar Technology AG Interest Expense Chart

SMA Solar Technology AG Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.20

-1.53

-1.68

-3.60

-4.86

SMA Solar Technology AG 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															-1.24	-1.10	-1.27	-1.45	-2.40

SMA Solar Technology AG 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 €-6 Mil.

SMA Solar Technology AG (LTS:0NIF) 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.

SMA Solar Technology AG's Interest Expense for the three months ended in Mar. 2024 was €-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was €38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €0 Mil.

SMA Solar Technology AG'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	*	38.242	/	-2.4
	=	15.93

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

SMA Solar Technology AG (LTS:0NIF) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SMA Solar Technology AG (LTS:0NIF) » Definitions » Interest Expense

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SMTGY:USA SMTGF:USA 1S:Italy S92:Germany S92:Bulgaria

Address

Sonnenallee 1, Niestetal, DEU, 34266

Website

https://www.sma.de

SMA Solar Technology AG produces, develops, and sells photovoltaic (PV) inverters and other technologies. It operates through several businesses that include Residential, Commercial, Utility, Off-Grid and Storage, and Service. The company's PV inverters convert direct currents from the module into alternating currents. Depending on demand, it is consumed directly into the home, stored, or fed into the utility grid. In SMA's primary business units it provides small PV systems for private applications to residential markets and medium-sized PV systems for commercial application. Utility clients are offered large-scale PV power plants in addition to grid service and monitoring functions.

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