Tecnoglass (Tecnoglass) Interest Expense : $-9.0 Mil (TTM As of Mar. 2024)

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What is Tecnoglass Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tecnoglass's interest expense for the three months ended in Mar. 2024 was $ -2.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-9.0 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. Tecnoglass's Operating Income for the three months ended in Mar. 2024 was $ 41.0 Mil. Tecnoglass's Interest Expense for the three months ended in Mar. 2024 was $ -2.1 Mil. Tecnoglass's Interest Coverage for the quarter that ended in Mar. 2024 was 19.48. 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.

Tecnoglass Interest Expense Historical Data

The historical data trend for Tecnoglass'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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Tecnoglass Interest Expense Chart

Tecnoglass Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-22.81

-21.67

-9.85

-8.16

-9.18

Tecnoglass 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															-2.27	-2.32	-2.33	-2.26	-2.11

Tecnoglass 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 $-9.0 Mil.

Tecnoglass (NYSE:TGLS) 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.

Tecnoglass's Interest Expense for the three months ended in Mar. 2024 was $-2.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $41.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $154.6 Mil.

Tecnoglass'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	*	41.022	/	-2.106
	=	19.48

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

Tecnoglass (Tecnoglass) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tecnoglass Inc (NYSE:TGLS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

7FH:Germany

Address

Avenida Circunvalar a 100 mts de la Via 40, Barrio Las Flores, Barranquilla, COL

Website

https://www.tecnoglass.com

Tecnoglass Inc designs, manufactures, distributes, and markets architectural glass and windows. The company's products portfolio includes tempered, laminated, insulating and Solar Control Low-E glass. Its products are installed at hotels, residential buildings, commercial and corporate centers, airports and hospitals as floating facades, curtain walls, windows, doors, handrails, interior and dividers. Its majority of revenue is derived from the sale and installation of architectural glass and windows in the United States.

Executives

Energy Holding Corp	10 percent owner	AVALON MANAGEMENT LMT. LANDMARK SQ. 1 FL, 54 EARTH CLOSE,WESTBAY BEACH S PO BOX715, GRAND CAYMAN KY1-1107 E9 XXXXX
Jose M Daes	director, officer: Chief Executive Officer	AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA, 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
Christian T Daes	director, officer: Chief Operating Officer	AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA, 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
A Lorne Weil	director	C/O HYDRA INDUSTRIES ACQUISITION CORP, 250 WEST 57TH STREET, SUITE #2223, NEW YORK NY 10107
Julio A. Torres	director	CARRERA 10 NO. 28-49, TORRE A. OFICINA 20-05, BOGOTA F8 XXXXX
Anne Louise Carricarte	director	AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA, BARRIO LAS FLORES, BARRANQUILLA F8 080001
Martha L Byorum	director	ONE BEEKMAN PLACE #9/10A, NEW YORK NY 10022
Cure Cure Carlos Alfredo	director	C/O TECNOGLASS INC., AVENIDA CIRCUNVALAR, A 100 MTS DE LA VIA 40 BARRIO LAS FLORES, BARRANQUILLA F8 000000
Castro Vergara Luis Fernando	director	C/O TECNOGLASS INC. AVENIDA CIRCUNVALAR, A 100 MTS DE LA VIA 40 BARRIO LAS FLORES, BARRANQUILLA F8 00000
Santiago Giraldo	officer: Chief Financial Officer	AVENIDA CIRCUNVALAR A 100 MTS, DE LA VIA 40, BARRIO LAS FLORES, BARRANQUILLA F8 00000
Joaquin Fernandez	officer: Chief Financial Officer	AVENIDA CIRCUNVALAR A LA 100 MTS DE LA, VIA 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
Juan Carlos Vilarino	director	AVENIDA CIRCUNVALAR A 100 MTS, DE LA VIA 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
Velilla Becerra Alberto Jose	10 percent owner	AVALON MGT LTD LANDMARK SQUARE,1ST FL 64, EARTH CLOSE, WEST BAY BEACH, S PO BOX715, GRAND CAYMAN KY1-1107 E9 XXXXX
Samuel R Azout	director	AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA, 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
B. Luke Weil	officer: Chief Executive Officer	CARRERA 10 NO. 28-49, TORRE A. OFICINA 20-05, BOGOTA F8 XXXXX