Core Scientific (Core Scientific) Interest Expense : $-100.2 Mil (TTM As of Mar. 2024)

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What is Core Scientific Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Core Scientific's interest expense for the three months ended in Mar. 2024 was $ -14.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-100.2 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. Core Scientific's Operating Income for the three months ended in Mar. 2024 was $ 60.7 Mil. Core Scientific's Interest Expense for the three months ended in Mar. 2024 was $ -14.1 Mil. Core Scientific's Interest Coverage for the quarter that ended in Mar. 2024 was 4.31. 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.

Core Scientific Interest Expense Historical Data

The historical data trend for Core Scientific'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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Core Scientific Interest Expense Chart

Core Scientific Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.24

-4.44

-44.35

-96.83

-86.24

Core Scientific Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-0.16	-	-2.20	-83.92	-14.09

Core Scientific 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 $-100.2 Mil.

Core Scientific (NAS:CORZ) 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.

Core Scientific's Interest Expense for the three months ended in Mar. 2024 was $-14.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $60.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $626.8 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	60.722	/	-14.087
	=	4.31

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Core Scientific Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Core Scientific (Core Scientific) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Core Scientific Inc (NAS:CORZ) » Definitions » Interest Expense

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CORZQ:USA

Address

210 Barton Springs Road, Austin, TX, USA, 78704

Website

https://www.corescientific.com

Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services. The business operates in two segments being; Equipment Sales and Hosting which consists of blockchain infrastructure, third-party hosting business and equipment sales to customers. Mining segment consists of digital asset mining for its account. The blockchain business generates revenue from the sale of consumption-based contracts and by providing hosting services. The digital asset mining segment earns revenue from operating a firm's owned computer equipment as part of a pool of users that process transactions conducted on one or more blockchain networks. In exchange, it receives digital currency assets.