Spruce Power Holding (Spruce Power Holding) Interest Expense : $-41.94 Mil (TTM As of Dec. 2023)

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What is Spruce Power Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spruce Power Holding's interest expense for the three months ended in Dec. 2023 was $ -24.97 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-41.94 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. Spruce Power Holding's Operating Income for the three months ended in Dec. 2023 was $ -7.88 Mil. Spruce Power Holding's Interest Expense for the three months ended in Dec. 2023 was $ -24.97 Mil. Spruce Power Holding 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.

Spruce Power Holding Interest Expense Historical Data

The historical data trend for Spruce Power Holding'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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Spruce Power Holding Interest Expense Chart

Spruce Power Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-2.15

-6.37

-0.04

-11.40

-41.94

Spruce Power Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial												-9.26	-6.82	-7.22	-2.94	-24.97

Spruce Power Holding 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-41.94 Mil.

Spruce Power Holding (NYSE:SPRU) 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.

Spruce Power Holding's Interest Expense for the three months ended in Dec. 2023 was $-24.97 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-7.88 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $596.60 Mil.

Spruce Power Holding's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Spruce Power Holding did not have earnings to cover the interest expense.

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

Spruce Power Holding (Spruce Power Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Spruce Power Holding Corp (NYSE:SPRU) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1875 Lawrence Street, Suite 320, Denver, CO, USA, 80202

Website

https://www.sprucepower.com

Spruce Power Holding Corp is a renewable-focused Power-as-a-Service company offering solar battery installation and maintenance services, It provides subscription-based services for homeowners and small businesses to own and maintain rooftop solar and battery storage. Its solutions offerings comprise Battery Bundles and System Expansion Options.

Executives

Christian S. Fong	director, officer: President and CEO	7550 WISCONSIN AVENUE, 9TH FLOOR, BETHESDA MD 20814
Jonathan J Ledecky	director	C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Christopher M. Hayes	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Eric M. Tech	director, officer: CEO	2701 NAVISTAR DRIVE, LISLE IL 60532
Jonathan M Norling	officer: Chief Legal Officer	820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024
Sarah Weber Wells	officer: SVP of Fin & Acc & Sustain'	820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024
John P. Miller	director	26W073 MOHICAN DRIVE, WHEATON IL 60189
Stacey Constas	officer: General Counsel	47000 LIBERTY DRIVE, WIXOM MI 48393
Michael Kenhard	officer: CTO and VP of Engineering	47000 LIBERTY DRIVE, WIXOM MI 48393
Calhoun Colleen	officer: VP / GM of XL Grid	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Donald P Klein	officer: Chief Financial Officer	201 MITTEL DRIVE, WOOD DALE IL 60191
Cielo Hernandez	officer: Chief Financial Officer	C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Berklas James P Jr	officer: General Counsel	123 MAIN STREET, BRISTOL CT 06010
Sarah Sclarsic	director	C/O PIVOTAL INVESTMENT CORPORATION II, C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174
Niharika Ramdev	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135