Greenidge Generation Holdings (Greenidge Generation Holdings) Interest Expense : $-12.66 Mil (TTM As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Greenidge Generation Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Greenidge Generation Holdings's interest expense for the three months ended in Dec. 2023 was $ -2.93 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-12.66 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. Greenidge Generation Holdings's Operating Income for the three months ended in Dec. 2023 was $ -2.62 Mil. Greenidge Generation Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -2.93 Mil. Greenidge Generation Holdings 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.

Greenidge Generation Holdings Interest Expense Historical Data

The historical data trend for Greenidge Generation Holdings'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.

* Premium members only.

Greenidge Generation Holdings Interest Expense Chart

Greenidge Generation Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.67

-0.66

-3.71

-21.58

-12.66

Greenidge Generation Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-5.88	-3.57	-3.11	-3.04	-2.93

Greenidge Generation Holdings 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 $-12.66 Mil.

Greenidge Generation Holdings (NAS:GREE) 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.

Greenidge Generation Holdings's Interest Expense for the three months ended in Dec. 2023 was $-2.93 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-2.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $68.71 Mil.

Greenidge Generation Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Greenidge Generation Holdings did not have earnings to cover the interest expense.

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

Greenidge Generation Holdings (Greenidge Generation Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Greenidge Generation Holdings Inc. (NAS:GREE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 Rennell Drive, 3rd Floor, Fairfield, CT, USA, 06890

Website

https://www.greenidge.com

Greenidge Generation Holdings Inc. owns and operates a vertically integrated cryptocurrency data center and power generation company. The Company owns and operates facilities at two locations: the Town of Torrey, New York and Spartanburg, South Carolina. The Company's cryptocurrency data center operations generate revenue in the form of bitcoin by earning bitcoin as rewards and transaction fees for supporting the global bitcoin network with application-specific integrated circuit computers (ASICs or miners) owned or leased by the Company. The Company also owns and operates a 106MW power facility that is connected to the New York Independent System Operator (NYISO) power grid.

Executives

Jordan Kovler	director	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 05890
Christian Mulvihill	officer: Chief Financial Officer	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
Michael P Neuscheler	director	C/O I3 MOBILE INC, 181 HARBOR DRIVE, STAMFORD CT 06902
Daniel Rothaupt	director	GREENIDGE GENERATION HOLDINGS INC., 590 PLANT ROAD, DRESDEN NY 14441
Atlas Capital Gp Lp	director, 10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Atlas Capital Resources Gp Llc	director, 10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Andrew M Bursky	director, 10 percent owner
Timothy J Fazio	director, 10 percent owner	ATLAS HOLDINGS LLC, 100 NORTHFIELD STREET, GREENWICH CT 06830
Robert Loughran	officer: Accounting Officer	C/O AVON PRODUCTS, INC., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105-0196
Scott J. Mackenzie	officer: Chief Strategy Officer	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
David Carl Anderson	director, officer: Chief Executive Officer (CEO)	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
Terence A. Burke	officer: General Counsel	590 PLANT ROAD, DRESDEN NY 14441
C Clark Webb	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
Rha Investments, Inc.	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
210 Capital, Llc	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225