Maxeon Solar Technologies (Maxeon Solar Technologies) Interest Expense : $-39.0 Mil (TTM As of Mar. 2024)

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What is Maxeon Solar Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Maxeon Solar Technologies's interest expense for the three months ended in Mar. 2024 was $ -9.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-39.0 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. Maxeon Solar Technologies's Operating Income for the three months ended in Mar. 2024 was $ -60.5 Mil. Maxeon Solar Technologies's Interest Expense for the three months ended in Mar. 2024 was $ -9.6 Mil. Maxeon Solar Technologies 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.

Maxeon Solar Technologies Interest Expense Historical Data

The historical data trend for Maxeon Solar Technologies'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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Maxeon Solar Technologies Interest Expense Chart

Maxeon Solar Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-25.83

-31.86

-28.14

-30.34

-42.44

Maxeon Solar Technologies 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															-10.80	-8.90	-10.46	-10.10	-9.55

Maxeon Solar Technologies 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 $-39.0 Mil.

Maxeon Solar Technologies (NAS:MAXN) 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.

Maxeon Solar Technologies's Interest Expense for the three months ended in Mar. 2024 was $-9.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-60.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $413.5 Mil.

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

Maxeon Solar Technologies did not have earnings to cover the interest expense.

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

Maxeon Solar Technologies (Maxeon Solar Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Maxeon Solar Technologies Ltd (NAS:MAXN) » Definitions » Interest Expense

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5QJ:Germany

Address

8 Marina Boulevard No. 05-02, Marina Bay Financial Centre, Singapore, SGP, 018981

Website

https://www.maxeon.com

Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, France, Italy, and Others.