SolarMax Technology (SolarMax Technology) Interest Expense : $-1.56 Mil (TTM As of Mar. 2024)

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What is SolarMax Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SolarMax Technology's interest expense for the three months ended in Mar. 2024 was $ -0.38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.56 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. SolarMax Technology's Operating Income for the three months ended in Mar. 2024 was $ -18.88 Mil. SolarMax Technology's Interest Expense for the three months ended in Mar. 2024 was $ -0.38 Mil. SolarMax Technology 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.

SolarMax Technology Interest Expense Historical Data

The historical data trend for SolarMax Technology'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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SolarMax Technology Interest Expense Chart

SolarMax Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.95

-3.21

-2.00

-1.83

-1.58

SolarMax Technology Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.40	-0.45	-0.33	-0.40	-0.38

SolarMax Technology 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 $-1.56 Mil.

SolarMax Technology (NAS:SMXT) 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.

SolarMax Technology's Interest Expense for the three months ended in Mar. 2024 was $-0.38 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-18.88 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $16.27 Mil.

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

SolarMax Technology did not have earnings to cover the interest expense.

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

SolarMax Technology (SolarMax Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarMax Technology Inc (NAS:SMXT) » Definitions » Interest Expense

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6W1:Germany

Address

3080 12th Street, Riverside, CA, USA, 92507

Website

http://www.solarmaxtech.com

SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems.

SolarMax Technology (SolarMax Technology) Headlines

From GuruFocus

SolarMax Technology, Inc. Announces Pricing of Initial Public Offering and listing on Nasdaq

By PRNewswire • 02-27-2024