Lightning eMotors (FRA:9LK) Interest Expense : €-13.06 Mil (TTM As of Sep. 2023)

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What is Lightning eMotors Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lightning eMotors's interest expense for the three months ended in Sep. 2023 was € -3.62 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was €-13.06 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. Lightning eMotors's Operating Income for the three months ended in Sep. 2023 was € -45.00 Mil. Lightning eMotors's Interest Expense for the three months ended in Sep. 2023 was € -3.62 Mil. Lightning eMotors 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.

Lightning eMotors Interest Expense Historical Data

The historical data trend for Lightning eMotors'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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Lightning eMotors Interest Expense Chart

Lightning eMotors Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Expense

-0.52

-2.45

-11.83

-14.12

Lightning eMotors Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial										-3.80	-3.30	-2.92	-3.22	-3.62

Lightning eMotors 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-13.06 Mil.

Lightning eMotors (FRA:9LK) 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.

Lightning eMotors's Interest Expense for the three months ended in Sep. 2023 was €-3.62 Mil. Its Operating Income for the three months ended in Sep. 2023 was €-45.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was €8.67 Mil.

Lightning eMotors's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Lightning eMotors did not have earnings to cover the interest expense.

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

Lightning eMotors (FRA:9LK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lightning eMotors Inc (FRA:9LK) » Definitions » Interest Expense

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ZEVY:USA

Address

815 14th Street South West, Suite A100, Loveland, CO, USA, 80537

Website

https://www.lightningemotors.com

Lightning eMotors Inc is engaged in designing and manufacturing zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Its product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances, and electric powertrains for school buses, transit buses, and motor coaches. Its product solutions help its customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.

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