Alternus Clean Energy (Alternus Clean Energy) Interest Expense : $ Mil (TTM As of Dec. 2023)

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What is Alternus Clean Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alternus Clean Energy's interest expense for the six months ended in Dec. 2023 was $ -18.56 Mil. Alternus Clean Energy does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. Alternus Clean Energy's Operating Income for the six months ended in Dec. 2023 was $ -0.07 Mil. Alternus Clean Energy's Interest Expense for the six months ended in Dec. 2023 was $ -18.56 Mil. Alternus Clean Energy 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.

Alternus Clean Energy Interest Expense Historical Data

The historical data trend for Alternus Clean Energy'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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Alternus Clean Energy Interest Expense Chart

Alternus Clean Energy Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-16.93

-10.26

-18.56

Alternus Clean Energy Semi-Annual Data
	Dec21	Dec22	Dec23
Interest Expense	-16.93	-10.26	-18.56

Alternus Clean Energy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Alternus Clean Energy (NAS:ALCE) 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.

Alternus Clean Energy's Interest Expense for the six months ended in Dec. 2023 was $-18.56 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $1.25 Mil.

Alternus Clean Energy's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Alternus Clean Energy did not have earnings to cover the interest expense.

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

Alternus Clean Energy (Alternus Clean Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Clean Energy Inc (NAS:ALCE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Blanchardstown Corporate Park 2, Suite 9 & 10 Plaza 212, Dublin, IRL, D15 R504

Website

https://www.alternusenergy.com

Alternus Clean Energy Inc is an international independent clean energy producer. It develops, installs, owns and operates a diverse portfolio of utility-scale solar photovoltaic power stations (PV parks) in Europe and in the USA as a long-term owner. The solar parks benefit from long-term government offtake contracts and/or Power Purchase Agreements (PPAs) with investment grade off-takers, plus energy sales to local power grids.

Alternus Clean Energy (Alternus Clean Energy) Headlines

From GuruFocus

Alternus Clean Energy, Inc. Announces Closing of $2.16 Million Private Placement of Convertible Notes and Warrants

By Marketwired • 04-22-2024