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Trina Solar Co (SHSE:688599) Interest Expense : ¥-1,365 Mil (TTM As of Mar. 2024)


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What is Trina Solar Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trina Solar Co's interest expense for the three months ended in Mar. 2024 was ¥ -320 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-1,365 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. Trina Solar Co's Operating Income for the three months ended in Mar. 2024 was ¥ 909 Mil. Trina Solar Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -320 Mil. Trina Solar Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.84. 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.

Trina Solar Co Interest Expense Historical Data

The historical data trend for Trina Solar Co'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.

* Premium members only.

Trina Solar Co Interest Expense Chart

Trina Solar Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -443.28 -429.29 -535.40 -646.16 -1,291.62

Trina Solar Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -246.77 -312.48 -375.66 -356.71 -320.44

Trina Solar Co 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 ¥-1,365 Mil.

* 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.

Trina Solar Co  (SHSE:688599) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Trina Solar Co's Interest Expense for the three months ended in Mar. 2024 was ¥-320 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥909 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥27,970 Mil.

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

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*909.288/-320.441
=2.84

* 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.

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

Trina Solar Co (SHSE:688599) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Trina Solar Co Ltd (SHSE:688599) » Definitions » Interest Expense
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SHSE:688472 SZSE:002459 SHSE:600732 SZSE:300118 SHSE:688408 SZSE:002506 SZSE:002865 SHSE:688223 SZSE:300827 SHSE:688717 FSLR ENPH NXT HKSE:00968 HKSE:03800 RUN SEDG BOM:542760 ARRY XTER:S92
Traded in Other Exchanges
TSL:USA
Address
No.2 Tianhe Road, Trina PV Industrial Park, Xinbei District, Jiangsu, CHN, 213031
Website
https://www.trinasolar.com
Trina Solar Co Ltd is engaged in manufacturing photovoltaic products, photovoltaic systems and smart energy. The photovoltaic products business includes research and development, manufacture and sales of monocrystalline silicon-based photovoltaic modules; the photovoltaic systems business includes power station business and construction and management of photovoltaic power station projects, among others; smart energy business includes photovoltaic power generation, operation, and management of the photovoltaic power station, research and sales of the smart microgrid and multi-energy systems, and operation of the energy cloud platform, among others.
Executives
Sun Kai Core technical personnel
Zhang Ying Bin Core technical personnel
Wu Sen senior management
Gao Ji Qing Directors, senior managers
Wu Qun senior management
Feng Zhi Core technical personnel
Quan Peng Core technical personnel
Chen Yi Feng Senior management, core technical personnel
Zhang Shu Core technical personnel
Cao Bo Directors, senior managers
Fang Bin Core technical personnel
Gao Ji Fan Director

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