Fluence Energy (Fluence Energy) Interest Coverage : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Fluence Energy Interest Coverage?

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 by its Interest Expense. Fluence Energy's Operating Income for the three months ended in Mar. 2024 was $-16 Mil. Fluence Energy's Interest Expense for the three months ended in Mar. 2024 was $0 Mil. Fluence Energy has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Fluence Energy's Interest Coverage or its related term are showing as below:

FLNC's Interest Coverage is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 3.13
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Fluence Energy Interest Coverage Historical Data

The historical data trend for Fluence Energy's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Fluence Energy Interest Coverage Chart

Fluence Energy Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

N/A

Fluence Energy Quarterly Data
	Sep19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial												-	-	N/A	No Debt	No Debt

Competitive Comparison of Fluence Energy's Interest Coverage

For the Utilities - Renewable subindustry, Fluence Energy's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fluence Energy's Interest Coverage Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Fluence Energy's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fluence Energy's Interest Coverage falls into.

Fluence Energy Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Fluence Energy's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Fluence Energy's Interest Expense was $0 Mil. Its Operating Income was $-113 Mil. And its Long-Term Debt & Capital Lease Obligation was $28 Mil.

GuruFocus does not calculate Fluence Energy's interest coverage with the available data.

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

Here, for the three months ended in Mar. 2024, Fluence Energy's Interest Expense was $0 Mil. Its Operating Income was $-16 Mil. And its Long-Term Debt & Capital Lease Obligation was $0 Mil.

Fluence Energy had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

Fluence Energy (NAS:FLNC) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Fluence Energy Interest Coverage Related Terms

Thank you for viewing the detailed overview of Fluence Energy's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Fluence Energy (Fluence Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Fluence Energy Inc (NAS:FLNC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4601 Fairfax Drive, Suite 600, Arlington, VA, USA, 22203

Website

https://www.fluenceenergy.com

Fluence Energy Inc is enabling the global clean energy transition with market-leading energy storage products and services, and digital applications for renewables and storage. Geographically, it derives a majority of its revenue from the Americas.

Executives

Siemens Pension Trust E V	10 percent owner	WITTELSBACHERPLATZ 2, MUNICH GERMANY 2M 80333
Investment Authority Qatar	director, 10 percent owner	P.O. BOX 23224, DOHA S3 QATAR
Michelle Philpot	officer: Chief Accounting Officer	KANA SOFTWARE, INC., 181 CONSTITUTION DR., MENLO PARK CA 94025
Peter Bennett Williams	officer: SVP & CSCMO	2225 W. CHANDLER BLVD., CHANDLER AZ 85224
Carolee Couch	officer: SVP & CSC and MC	C/O FLUENCE ENERGY, INC., 4601 FAIRFAX DRIVE, SUITE 600, ARLINGTON VA 22203
Rebecca Boll	officer: SVP AND Chief Product Officer	C/O FLUENCE ENERGY, INC., 4601 FAIRFAX DRIVE, SUITE 600, ARLINGTON VA 22203
Ricardo Manuel Falu	director	4300 WILSON BLVD, ARLINGTON VA 22203
Manavendra Sial	officer: SVP & Chief Financial Officer	77 RIO ROBLES, SAN JOSE CA 95134
Dennis Fehr	officer: SVP & Chief Financial Officer	C/O FLUENCE ENERGY, INC., 4601 FAIRFAX DRIVE, SUITE 600, ARLINGTON VA 22203
Krishna C Vanka	officer: SVP & Chief Digital Officer	C/O FLUENCE ENERGY, INC., 4601 FAIRFAX DRIVE, SUITE 600, ARLINGTON VA 22203
Julian Nebreda	director	4300 WILSON BLVD., ARLINGTON VA 22203
Tish Mendoza	director	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Seyed Madaeni	officer: Senior VP and CD Officer	C/O FLUENCE ENERGY, INC., 4601 FAIRFAX DRIVE, SUITE 600, ARLINGTON VA 22203
Cynthia A Arnold	director	P O BOX 1461, MINNEAPOLIS MN 55440
Herman E Bulls	director	JONES LANG LASALLE, 1801 K STREET NW SUITE 1000, WASHINGTON DC 20006