TPIC (TPI Composites) Interest Expense : $-92 Mil (TTM As of Dec. 2024)

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What is TPI Composites Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TPI Composites's interest expense for the three months ended in Dec. 2024 was $ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-92 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. TPI Composites's Operating Income for the three months ended in Dec. 2024 was $ -9 Mil. TPI Composites's Interest Expense for the three months ended in Dec. 2024 was $ -24 Mil. TPI Composites 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.

TPI Composites Interest Expense Historical Data

The historical data trend for TPI Composites'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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TPI Composites Interest Expense Chart

TPI Composites Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-10.38

-13.64

-5.02

-12.10

-92.42

TPI Composites Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-6.08	-21.39	-22.43	-24.19	-24.42

TPI Composites 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-92 Mil.

TPI Composites (NAS:TPIC) 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.

TPI Composites's Interest Expense for the three months ended in Dec. 2024 was $-24 Mil. Its Operating Income for the three months ended in Dec. 2024 was $-9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $585 Mil.

TPI Composites's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

TPI Composites did not have earnings to cover the interest expense.

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

TPI Composites Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TPI Composites Inc (NAS:TPIC) » Definitions » Interest Expense

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GX6:Germany GX6:Germany

Address

9200 East Pima Center Parkway, Suite 250, Scottsdale, AZ, USA, 85258

Website

https://www.tpicomposites.com

TPI Composites Inc is engaged in manufacturing composite wind blades. The company operates in wind energy and transportation industries where it manufactures structures for a bus, rail, theme parks, and trucks. Geographically the segments are divided into the U.S, Asia, Mexico, EMEA and India where the Mexico segment derives a majority of revenue.

Executives

William E Siwek	officer: CFO	C/O TPI COMPISITES, INC., 8501 N. SCOTTSDALE RD, SUITE 280, SCOTTSDALE AZ 85253
Ryan D. Miller	officer: Chief Financial Officer	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE, SUITE 100, SCOTTSDALE AZ 85253
Tyrone Michael Jordan	director	8501 NORTH SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Jerrold I Lavine	officer: President, Transportation	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE ROAD, SCOTTSDALE AZ 85253
Oaktree Power Opportunities Fund V (delaware) Holdings, L.p.	10 percent owner	333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Phoenix Investment Fund, L.p.	10 percent owner	333 S. GRAND AVE, 28TH FLOOR, LOS ANGELES CA 90071
Steven C Lockard	director, officer: President and CEO	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Andrew Moir	director	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Lance Morell Marram	officer: Chief Commercial Officer	C/O TPI COMPOSITES, INC., 8501 N. SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Peter Joseph Jonna	director	11611 SAN VICENTE BLVD SUITE 700, LOS ANGELES CA 90049
James Alton Hughes	director	350 W WASHINGTON STREET, SUITE 600, TEMPE AZ 85281
Daniel G Weiss	director, 10 percent owner	8501 N. SCOTTSDALE ROAD, GAINEY CENTER II, SUITE 100, SCOTTSDALE AZ 85253
Oaktree Holdings, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp I, L.p.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Group Holdings Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071