SolarBank (NEOE:SUNN) Interest Expense : C$-0.28 Mil (TTM As of Mar. 2024)

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What is SolarBank Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SolarBank's interest expense for the three months ended in Mar. 2024 was C$ -0.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.28 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. SolarBank's Operating Income for the three months ended in Mar. 2024 was C$ 1.88 Mil. SolarBank's Interest Expense for the three months ended in Mar. 2024 was C$ -0.13 Mil. SolarBank's Interest Coverage for the quarter that ended in Mar. 2024 was 14.70. 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.

SolarBank Interest Expense Historical Data

The historical data trend for SolarBank'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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SolarBank Interest Expense Chart

SolarBank Annual Data

Trend

Jun22

Jun23

Interest Expense

-0.15

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial					-0.02	-	-0.02	-0.13	-0.13

SolarBank 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 C$-0.28 Mil.

SolarBank (NEOE:SUNN) 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.

SolarBank's Interest Expense for the three months ended in Mar. 2024 was C$-0.13 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$1.88 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$3.61 Mil.

SolarBank'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	*	1.881	/	-0.128
	=	14.70

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

SolarBank (NEOE:SUNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (NEOE:SUNN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SUUNF:USA GY2:Germany

Address

505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2

Website

https://www.solarbankcorp.com

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

Executives

Xiaohong Zheng

Senior Officer

SolarBank (NEOE:SUNN) Headlines

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