Ormat Technologies (LTS:0KDH) Interest Expense : $-106.2 Mil (TTM As of Mar. 2024)

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What is Ormat Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ormat Technologies's interest expense for the three months ended in Mar. 2024 was $ -31.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-106.2 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. Ormat Technologies's Operating Income for the three months ended in Mar. 2024 was $ 52.6 Mil. Ormat Technologies's Interest Expense for the three months ended in Mar. 2024 was $ -31.0 Mil. Ormat Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 1.70. 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.

Ormat Technologies Interest Expense Historical Data

The historical data trend for Ormat Technologies'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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Ormat Technologies Interest Expense Chart

Ormat Technologies Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-80.38

-77.95

-82.66

-87.74

-98.88

Ormat Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-23.63	-24.39	-25.05	-25.80	-30.97

Ormat Technologies 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 $-106.2 Mil.

Ormat Technologies (LTS:0KDH) 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.

Ormat Technologies's Interest Expense for the three months ended in Mar. 2024 was $-31.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $52.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,061.4 Mil.

Ormat Technologies'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	*	52.583	/	-30.968
	=	1.70

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

Ormat Technologies (LTS:0KDH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ormat Technologies Inc (LTS:0KDH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ORA:USA ORA:Israel HNM:Germany

Address

6140 Plumas Street, Reno, NV, USA, 89519-6075

Website

https://www.ormat.com

Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segments: 1) Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. 2) Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. 3) Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.

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