Polestar Automotive Holding UK (Polestar Automotive Holding UK) Interest Expense : $-123 Mil (TTM As of Sep. 2023)

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What is Polestar Automotive Holding UK Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Polestar Automotive Holding UK's interest expense for the three months ended in Sep. 2023 was $ -63 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-123 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. Polestar Automotive Holding UK's Operating Income for the three months ended in Sep. 2023 was $ -261 Mil. Polestar Automotive Holding UK's Interest Expense for the three months ended in Sep. 2023 was $ -63 Mil. Polestar Automotive Holding UK 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.

Polestar Automotive Holding UK Interest Expense Historical Data

The historical data trend for Polestar Automotive Holding UK'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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Polestar Automotive Holding UK Interest Expense Chart

Polestar Automotive Holding UK Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Expense

-18.94

-26.50

-45.24

-77.51

Polestar Automotive Holding UK Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial							-60.54	34.46	-29.16	-64.44	-63.39

Polestar Automotive Holding UK 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-123 Mil.

Polestar Automotive Holding UK (NAS:PSNY) 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.

Polestar Automotive Holding UK's Interest Expense for the three months ended in Sep. 2023 was $-63 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-261 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $75 Mil.

Polestar Automotive Holding UK's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Polestar Automotive Holding UK did not have earnings to cover the interest expense.

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

Polestar Automotive Holding UK (Polestar Automotive Holding UK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polestar Automotive Holding UK PLC (NAS:PSNY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PSNYW:USA A4N1:Germany

Address

Assar Gabrielssons Vag 9, Gothenburg, SWE, 405 31

Website

https://www.polestar.com

Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market-leading standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from USA.