TE Connectivity (TE Connectivity) Interest Expense

: $-77 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TE Connectivity's interest expense for the three months ended in Dec. 2023 was $ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-77 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. TE Connectivity's Operating Income for the three months ended in Dec. 2023 was $ 727 Mil. TE Connectivity's Interest Expense for the three months ended in Dec. 2023 was $ -18 Mil. TE Connectivity's Interest Coverage for the quarter that ended in Dec. 2023 was 40.39. 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.

TE Connectivity Interest Expense Historical Data

The historical data trend for TE Connectivity'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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TE Connectivity Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

-68.00

-48.00

-56.00

-66.00

-80.00

TE Connectivity Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-21.00	-20.00	-20.00	-19.00	-18.00

TE Connectivity 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-77 Mil.

TE Connectivity (NYSE:TEL) 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.

TE Connectivity's Interest Expense for the three months ended in Dec. 2023 was $-18 Mil. Its Operating Income for the three months ended in Dec. 2023 was $727 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,585 Mil.

TE Connectivity's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	727	/	-18
	=	40.39

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

TE Connectivity (TE Connectivity) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TE Connectivity Ltd (NYSE:TEL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Muhlenstrasse 26, Schaffhausen, CHE, CH-8200

Website

https://www.te.com

TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations.

Executives

Terrence R Curtin	director, officer: EVP & Chief Financial Officer	C/O TYCO ELECTRONICS LTD., 1050 WESTLAKES DRIVE, BERWYN PA 19312
John S Jenkins	officer: EVP & General Counsel	1050 WESTLAKES DRIVE, BERWYN PA 19312
Heath A Mitts	officer: EVP & Chief Financial Officer	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Malavika Sagar	officer: SVP, Chief Human Resources Off	1050 WESTLAKES DRIVE, BERWYN PA 19312
Jean-pierre Clamadieu	director	1050 WESTLAKES DRIVE, BERWYN PA 19312
Shadrak W Kroeger	officer: Pres., Communications Solution	1050 WESTLAKES DRIVE, BERWYN PA 19312
Abhijit Y Talwalkar	director	ONE AMD PLACE, PO BOX 3453, SUNNYVALE CA 94088
Tim Murphy	officer: SVP & CHRO	1050 WESTLAKES DRIVE, BERWYN PA 19312
Thomas J Lynch	director, officer: Chief Executive Officer	7 LAKEVIEW DRIVE, NEWTOWN PA 19840
Syaru Shirley Lin	director
Robert J Ott	officer: Sr VP & Controller	C/O TYCO ELECTRONICS LTD, 1050 WESTLAKES DRIVE, BERWYN PA 19312
Steven T Merkt	officer: President, Transportation Sol.	1050 WESTLAKES DRIVE, BERWYN PA 19312
Daniel J Phelan	director	C/O TYCO ELECTRONICS LTD., 1050 WESTLAKES DRIVE, BERWYN PA 19312
Aaron Kyle Stucki	officer: Pres. Communications Solutions	1050 WESTLAKES DRIVE, BERWYN PA 19312
Eric Resch	director, officer: SVP and Tax Officer	C/O TYCO ELECTRONICS LTD., 1050 WESTLAKES DRIVE, BERWYN PA 19312