Solid Power (Solid Power) Interest Expense : $-0.11 Mil (TTM As of Mar. 2024)

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What is Solid Power Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solid Power's interest expense for the three months ended in Mar. 2024 was $ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.11 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. Solid Power's Operating Income for the three months ended in Mar. 2024 was $ -25.78 Mil. Solid Power's Interest Expense for the three months ended in Mar. 2024 was $ -0.04 Mil. Solid Power 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.

Solid Power Interest Expense Historical Data

The historical data trend for Solid Power'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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Solid Power Interest Expense Chart

Solid Power Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.06

-0.36

-0.39

-0.04

-0.08

Solid Power Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-0.01	-0.01	-0.01	-0.05	-0.04

Solid Power 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 $-0.11 Mil.

Solid Power (NAS:SLDPW) 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.

Solid Power's Interest Expense for the three months ended in Mar. 2024 was $-0.04 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-25.78 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $8.29 Mil.

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

Solid Power did not have earnings to cover the interest expense.

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

Solid Power (Solid Power) Business Description

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SLDP:USA

Address

486 S. Pierce Avenue, Suite E, Louisville, CO, USA, 80027

Website

https://www.solidpowerbattery.com

Solid Power Inc is engaged in developing all-solid-state battery cell technology to enable the next generation of batteries for the EV and other markets. The company's planned business model is to license its all-solid-state battery cell designs and manufacturing know-how to top tier battery manufacturers or automotive original equipment manufacturers and to sell its sulfide-based solid electrolyte for incorporation into all-solid-state battery cells.