Emeren Group (Emeren Group) Interest Expense : $-0.71 Mil (TTM As of Sep. 2023)

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What is Emeren Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Emeren Group's interest expense for the three months ended in Sep. 2023 was $ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.71 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. Emeren Group's Operating Income for the three months ended in Sep. 2023 was $ -3.96 Mil. Emeren Group's Interest Expense for the three months ended in Sep. 2023 was $ -0.08 Mil. Emeren Group 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.

Emeren Group Interest Expense Historical Data

The historical data trend for Emeren Group'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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Emeren Group Interest Expense Chart

Emeren Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-8.70

-9.16

-6.21

-5.15

-3.17

Emeren Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-1.14	-0.50	-0.13	-	-0.08

Emeren Group 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 $-0.71 Mil.

Emeren Group (NYSE:SOL) 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.

Emeren Group's Interest Expense for the three months ended in Sep. 2023 was $-0.08 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-3.96 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $51.05 Mil.

Emeren Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Emeren Group did not have earnings to cover the interest expense.

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

Emeren Group (Emeren Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Emeren Group Ltd (NYSE:SOL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SOL:Mexico VQKB:Germany VQKB:Germany

Address

100 First Stamford Place, Suite 302, Stamford, CT, USA, 06902

Website

https://www.emeren.com

Emeren Group Ltd is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The company focuses on solar power project development, construction management, and project financing services with local professional teams in more than 10 countries.

Executives

Capital Management Shah

director, 10 percent owner

8601 SIX FORKS ROAD, SUITE 630, RALEIGH NC 27615