Fluence Energy (FLNC) Interest Coverage Ratio (2020 - 2023)
Fluence Energy recorded quarterly Interest Coverage Ratio of 17.35 in Q2 2023, up 15.62% quarter-over-quarter from 20.56 in Q1 2023, and up 80.38% year-over-year from 9.62 in Q2 2022.
Fluence Energy's Interest Coverage Ratio history runs 4 years deep, the most recent figure standing at 17.35 for Q2 2023.
- In Q2 2023, Interest Coverage Ratio rose 80.38% year-over-year to 17.35; the TTM figure through Mar 2024 stood at 9.15 (up 84.33% YoY), while the FY2022 annual figure was 119.73, down 30.03% from the prior year.
- Interest Coverage Ratio came in at 17.35 for Q2 2023 at Fluence Energy, up from 20.56 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 17.35 in Q2 2023 to a low of 501.44 in Q3 2022.
- A 4-year average of 110.86 and a median of 68.24 in 2021 frame the typical range for Interest Coverage Ratio.
- Across the five-year window, Interest Coverage Ratio plunged 235.52% in 2022 and surged 80.38% in 2023, its largest moves.
- Fluence Energy's Interest Coverage Ratio stood at 68.17 in 2020, then plunged by 104.57% to 139.45 in 2021, then surged by 66.26% to 47.05 in 2022, then jumped by 63.13% to 17.35 in 2023.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 17.35, 20.56, and 47.05 for Q2 2023, Q1 2023, and Q4 2022 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 193.97 Bn | 191.26 Bn | 1.44 Bn | -4.31 |
| 2 | Enlight Renewable Energy | 13.10 Bn | 12.57 Bn | 85.64 Mn | -1.89 |
| 3 | Ormat Technologies | 8.30 Bn | 8.16 Bn | 78.83 Mn | 1.22 |
| 4 | Fluence Energy | 3.60 Bn | 3.28 Bn | 46.63 Mn | - |
| 5 | Clearway Energy | 1.42 Bn | 4.77 Bn | 220.00 Mn | 0.20 |
| 6 | XPLR Infrastructure | 1.16 Bn | 8.69 Bn | 141.00 Mn | - |
| 7 | Energy Vault Holdings | 916.05 Mn | 870.62 Mn | 4.79 Mn | -6.98 |
| 8 | Ellomay Capital | 782.29 Mn | 671.00 Mn | 1.49 Mn | -0.15 |
| 9 | ReNew Energy Global | 342.92 Mn | 58.95 Mn | 269.00 Mn | - |
| 10 | Nextnrg | 90.54 Mn | 87.86 Mn | 1.71 Mn | -14.83 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | -17.35 |
| Mar 31, 2023 | -20.56 |
| Dec 31, 2022 | -47.05 |
| Sep 30, 2022 | -501.44 |
| Jun 30, 2022 | -88.41 |
| Mar 31, 2022 | -78.88 |
| Dec 31, 2021 | -139.45 |
| Sep 30, 2021 | -149.45 |
| Jun 30, 2021 | -68.24 |
| Mar 31, 2021 | -40.49 |
| Dec 31, 2020 | -68.17 |