Infinera (Infinera) Interest Expense : $-32 Mil (TTM As of Mar. 2024)

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What is Infinera Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Infinera's interest expense for the three months ended in Mar. 2024 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-32 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. Infinera's Operating Income for the three months ended in Mar. 2024 was $ -43 Mil. Infinera's Interest Expense for the three months ended in Mar. 2024 was $ -9 Mil. Infinera 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.

Infinera Interest Expense Historical Data

The historical data trend for Infinera'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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Infinera Interest Expense Chart

Infinera Annual Data

Trend

Dec14

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Dec19

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Dec23

Interest Expense

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-31.66

-46.73

-49.10

-26.02

-30.61

Infinera Quarterly Data
	Jun19	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															-6.80	-7.39	-7.61	-8.81	-8.63

Infinera 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 $-32 Mil.

Infinera (NAS:INFN) 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.

Infinera's Interest Expense for the three months ended in Mar. 2024 was $-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-43 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $704 Mil.

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

Infinera did not have earnings to cover the interest expense.

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

Infinera (Infinera) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Infinera Corp (NAS:INFN) » Definitions » Interest Expense

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INFN:Mexico IX6:Germany IX6:Germany

Address

6373 San Ignacio Avenue, San Jose, CA, USA, 95119

Website

https://www.infinera.com

Infinera Corp is a global supplier of networking solutions comprised of networking equipment, software and services. Its portfolio of solutions includes optical transport platforms, converged packet-optical transport platforms, compact modular platforms, optical line systems, coherent optical subsystems, a suite of automation software offerings, and support and professional services. The company's customers include operators of fixed line and mobile networks, including telecommunications service providers, internet content providers, cable providers, wholesale carriers, research and education institutions, large enterprises, utilities and government entities.

Executives

Michael H Fernicola	officer: Chief Accounting Officer	C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
David W Heard	officer: GM, Products and Solutions	C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
George Andrew Riedel	director	C/O NORTEL NETWORKS CORPORATION, 8200 DIXIE ROAD, SUITE 100, BRAMPTON A6 L6T 5P6
Paul J Milbury	director
David F Welch	officer: Chief Mkting & Strategy Ofcr	C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Nicholas Walden	officer: SVP, Worldwide Sales	140 CASPIAN COURT, SUNNYVALE CA 94089
Roop Kalyan Lakkaraju	director	BENCHMARK ELECTRONICS, INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Christine Bucklin	director	608 30TH STREET, MANHATTAN BEACH CA 90266
Thomas J Fallon	officer: Chief Operating Officer	C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Mark A Wegleitner	director	C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Hooshmand Kambiz	director	6290 SEQUENCE DRIVE, SAN DIEGO CA 92121
Amy H. Rice	director	333 SOUTH GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Partners Ltd	10 percent owner	181 BAY STREET, BROOKFIELD PLACE, SUITE 300, TORONTO A6 M5J2T3
Brookfield Asset Management Inc.	10 percent owner	BROOKFIELD PLACE, 181 BAY ST, STE 100, PO BOX 762, TORONTO A6 M5J2T3