Prime Energy PE (XTAE:PRIM) Interest Expense : ₪-11.55 Mil (TTM As of Sep. 2024)

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What is Prime Energy PE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prime Energy PE's interest expense for the three months ended in Sep. 2024 was ₪ -4.38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₪-11.55 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. Prime Energy PE's Operating Income for the three months ended in Sep. 2024 was ₪ -0.96 Mil. Prime Energy PE's Interest Expense for the three months ended in Sep. 2024 was ₪ -4.38 Mil. Prime Energy PE 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.

Prime Energy PE Interest Expense Historical Data

The historical data trend for Prime Energy PE'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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Prime Energy PE Interest Expense Chart

Prime Energy PE Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.48

-2.76

-5.12

-13.73

-11.76

Prime Energy PE Quarterly Data
	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-3.05	-1.72	-2.01	-3.44	-4.38

Prime Energy PE 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-11.55 Mil.

Prime Energy PE (XTAE:PRIM) 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.

Prime Energy PE's Interest Expense for the three months ended in Sep. 2024 was ₪-4.38 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₪-0.96 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₪183.43 Mil.

Prime Energy PE's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Prime Energy PE did not have earnings to cover the interest expense.

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

Prime Energy PE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Prime Energy PE Ltd (XTAE:PRIM) » Definitions » Interest Expense

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Address

Yigal Alon 94, Alon Tower 2, 19th floor, Tel Aviv, ISR

Website

https://www.prime-nergy.com

Prime Energy PE Ltd is engaged in the field of renewable energy. It specializes in the initiation, development, financing, construction, management and operation of projects in the solar field. The company is also developing an extensive project portfolio at various stages of maturation in power in Israel, Italy and Poland. The firm is exploring opportunities in the field of wind energy in Israel and around the world.