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
Download Data| Date | Value |
|---|---|
| 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 |