Tecnoglass TGLS Billings In Excess Of Costs
Billings In Excess Of Costs at other companies
Other financials
Where this comes from
Reported directly by Tecnoglass in its filing.
Tagged under the XBRL concept TGLS:BillingsInExcessOfCosts.
The official record: Tecnoglass’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Tecnoglass's billings in excess of costs?
- Tecnoglass (TGLS) reported billings in excess of costs of $111.8M in Q1 2026.
- How has Tecnoglass's billings in excess of costs changed year-over-year?
- Tecnoglass's billings in excess of costs increased by 56.5% year-over-year, from $71.42M to $111.8M.
- What is the long-term trend for Tecnoglass's billings in excess of costs?
- Over 5 years (2020 to 2025), Tecnoglass's billings in excess of costs has grown at a 70.8% compound annual growth rate (CAGR), from $7.19M to $104.38M.
- What does billings in excess of costs mean?
- This represents the amount invoiced to customers for work that has not yet been performed or costs that have not yet been incurred. It acts as a form of interest-free financing from customers, improving the company's liquidity position. A high balance indicates strong bargaining power or favorable contract terms that allow for advance billing.