Fluence Energy (FLNC) Interest Expenses (2020 - 2023)

Fluence Energy recorded quarterly Interest Expenses of $1.5 million in Q2 2023, up 32.26% quarter-over-quarter from $1.1 million in Q1 2023, and up 164.05% year-over-year from $573000.0 in Q2 2022.

Fluence Energy's Interest Expenses history runs 4 years deep, the most recent figure standing at $1.5 million for Q2 2023.

  • In Q2 2023, Interest Expenses rose 164.05% year-over-year to $1.5 million; the TTM figure through Mar 2024 stood at $1.5 million (down 42.1% YoY), while the FY2022 annual figure was $2.0 million, up 40.63% from the prior year.
  • Interest Expenses came in at $1.5 million for Q2 2023 at Fluence Energy, up from $1.1 million in the prior quarter.
  • In the past five years, Interest Expenses ranged from a high of $1.5 million in Q2 2023 to a low of $80000.0 in Q3 2022.
  • A 4-year average of $629000.0 and a median of $573000.0 in 2022 frame the typical range for Interest Expenses.
  • Across the five-year window, Interest Expenses jumped 666.29% in 2021 and sank 85.07% in 2022, its largest moves.
  • Fluence Energy's Interest Expenses stood at $89000.0 in 2020, then surged by 666.29% to $682000.0 in 2021, then advanced by 19.65% to $816000.0 in 2022, then surged by 85.42% to $1.5 million in 2023.
  • According to Business Quant data, Interest Expenses over the past three periods registered $1.5 million, $1.1 million, and $816000.0 for Q2 2023, Q1 2023, and Q4 2022 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 AXIA Energia 193.97 Bn 191.26 Bn 1.44 Bn -432.40 Mn
2 Enlight Renewable Energy 13.10 Bn 12.57 Bn 85.64 Mn -28.27 Mn
3 Ormat Technologies 8.30 Bn 8.16 Bn 78.83 Mn 35.02 Mn
4 Fluence Energy 3.60 Bn 3.28 Bn 46.63 Mn -
5 Clearway Energy 1.42 Bn 4.77 Bn 220.00 Mn 101.00 Mn
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 3.47 Mn
8 Ellomay Capital 782.29 Mn 671.00 Mn 1.49 Mn -12,044.00
9 ReNew Energy Global 342.92 Mn 58.95 Mn 269.00 Mn -
10 Nextnrg 90.54 Mn 87.86 Mn 1.71 Mn 680,596.00

Historic Data

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DateValue
Jun 30, 2023 1.51 Mn
Jun 30, 2023 1.51 Mn
Mar 31, 2023 1.14 Mn
Mar 31, 2023 1.14 Mn
Dec 31, 2022 816,000.00
Dec 31, 2022 816,000.00
Sep 30, 2022 80,000.00
Sep 30, 2022 80,000.00
Jun 30, 2022 573,000.00
Jun 30, 2022 573,000.00
Mar 31, 2022 676,000.00
Mar 31, 2022 676,000.00
Dec 31, 2021 682,000.00
Dec 31, 2021 682,000.00
Sep 30, 2021 536,000.00
Sep 30, 2021 536,000.00
Jun 30, 2021 424,000.00
Jun 30, 2021 424,000.00
Mar 31, 2021 386,000.00
Mar 31, 2021 386,000.00
Dec 31, 2020 89,000.00
Dec 31, 2020 89,000.00