Sunrise New Energy Co (Sunrise New Energy Co) Interest Expense : $-2.16 Mil (TTM As of Dec. 2023)

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What is Sunrise New Energy Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sunrise New Energy Co's interest expense for the six months ended in Dec. 2023 was $ -1.64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.16 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. Sunrise New Energy Co's Operating Income for the six months ended in Dec. 2023 was $ -21.95 Mil. Sunrise New Energy Co's Interest Expense for the six months ended in Dec. 2023 was $ -1.64 Mil. Sunrise New Energy Co 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.

Sunrise New Energy Co Interest Expense Historical Data

The historical data trend for Sunrise New Energy Co'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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Sunrise New Energy Co Interest Expense Chart

Sunrise New Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.03

-2.16

Sunrise New Energy Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial								-	-	-0.07	-0.53	-1.64

Sunrise New Energy Co 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 semi-annually data reported by the company within the most recent 12 months, which was $-2.16 Mil.

Sunrise New Energy Co (NAS:EPOW) 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.

Sunrise New Energy Co's Interest Expense for the six months ended in Dec. 2023 was $-1.64 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-21.95 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $8.79 Mil.

Sunrise New Energy Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Sunrise New Energy Co did not have earnings to cover the interest expense.

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

Sunrise New Energy Co (Sunrise New Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunrise New Energy Co Ltd (NAS:EPOW) » Definitions » Interest Expense

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Address

No. 69 Sanying Road, Zibo Science and Technology Industrial Entrepreneurship Park, Room 703, West Zone, R&D Building, Zhangdian District, Shandong Province, Zibo City, CHN

Website

https://www.sunrisenewenergy.com

Sunrise New Energy Co Ltd is engaged in the manufacturing and sale of graphite anode material for EVs and other lithium-ion batteries. The Company's joint venture is into the construction of a manufacturing plant in Guizhou Province. The plant runs on inexpensive electricity from renewable sources that enables the group to be a low-cost and low environmental impact producer of graphite anode material, Its products include GS-1, GS-2, GS-3, GZD-1, GLD-1, and GZ-1.