PureCycle Technologies (PureCycle Technologies) Interest Expense : $-44.74 Mil (TTM As of Mar. 2024)

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What is PureCycle Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PureCycle Technologies's interest expense for the three months ended in Mar. 2024 was $ -15.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-44.74 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. PureCycle Technologies's Operating Income for the three months ended in Mar. 2024 was $ -38.98 Mil. PureCycle Technologies's Interest Expense for the three months ended in Mar. 2024 was $ -15.05 Mil. PureCycle Technologies 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.

PureCycle Technologies Interest Expense Historical Data

The historical data trend for PureCycle 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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PureCycle Technologies Interest Expense Chart

PureCycle Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.01

-4.11

-7.47

-2.31

-31.37

PureCycle Technologies Quarterly Data
	Dec18	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															-0.66	-2.45	-10.75	-16.49	-15.05

PureCycle 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 $-44.74 Mil.

PureCycle Technologies (NAS:PCT) 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.

PureCycle Technologies's Interest Expense for the three months ended in Mar. 2024 was $-15.05 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-38.98 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $310.66 Mil.

PureCycle Technologies's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

PureCycle Technologies did not have earnings to cover the interest expense.

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

PureCycle Technologies (PureCycle Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PureCycle Technologies Inc (NAS:PCT) » Definitions » Interest Expense

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PCTTU:USA PCT:Mexico

Address

5950 Hazeltine National Drive, Suite 300, Orlando, FL, USA, 32822

Website

https://www.purecycle.com

PureCycle Technologies Inc holds a global license to commercialize the only patented solvent-based purification recycling technology, developed by The Procter & Gamble Company (P&G), for restoring waste polypropylene (PP) into a virgin-like resin. The proprietary process removes color, odor and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market.

Executives

Lawrence C Somma	officer: Chief Financial Officer	C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Steven F Bouck	director	C/O WASTE CONNECTIONS INC, 2260 DOUGLAS BLVD SUITE 280, ROSEVILLE CA 95661
Fernando Musa	director	5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Daniel M Coombs	director	C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Dustin Olson	officer: Chief Manufacturing Officer	5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Brad Kalter	officer: Gen. Counsel & Corp. Secretary	800 2ND AVE S, ST PETERSBURG FL 33701
John Stewart Scott	director	5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
David Warner Brenner	officer: Chief Commercial Officer	5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Jeffrey Richard Fieler	director	10 MARKET STREET, PO BOX 687, GRAND CAYMAN E9 KY1-9006
Sylebra Capital Ltd	10 percent owner	28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Timothy Glockner	director	5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Daniel Patrick Gibson	10 percent owner	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Michael Otworth	director, officer: Chairman & CEO	5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Allen Jacoby	director	5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Michael E Dee	officer: Chief Financial Officer	118 VINTAGE PARK BLVD, HOUSTON TX 77070