CSI Solar Co (SHSE:688472) Interest Expense : ¥-465 Mil (TTM As of Mar. 2024)

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What is CSI Solar Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CSI Solar Co's interest expense for the three months ended in Mar. 2024 was ¥ -114 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-465 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. CSI Solar Co's Operating Income for the three months ended in Mar. 2024 was ¥ 861 Mil. CSI Solar Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -114 Mil. CSI Solar Co's Interest Coverage for the quarter that ended in Mar. 2024 was 7.55. 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.

CSI Solar Co Interest Expense Historical Data

The historical data trend for CSI 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.

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CSI Solar Co Interest Expense Chart

CSI Solar Co Annual Data

Trend

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Interest Expense

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-529.76

-358.24

-260.73

-364.29

-449.52

CSI Solar Co Quarterly Data
	Mar17	Jun17	Sep17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-98.52	-115.46	-116.54	-119.00	-114.08

CSI 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 ¥-465 Mil.

CSI Solar Co (SHSE:688472) 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.

CSI Solar Co's Interest Expense for the three months ended in Mar. 2024 was ¥-114 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥861 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥6,548 Mil.

CSI 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	*	861.231	/	-114.082
	=	7.55

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

CSI Solar Co (SHSE:688472) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » CSI Solar Co Ltd (SHSE:688472) » Definitions » Interest Expense

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Address

No. 199 Lushan Road, Suzhou High-tech Zone, Jiangsu Province, Suzhou, CHN, 215129

Website

https://www.csisolar.com

CSI Solar Co Ltd research & development, production and sales of crystalline silicon photovoltaic modules. Its products include Modules, inverters, system kits, and energy storage.

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