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Avery Dennison Corp (NYSE:AVY)
Interest Expense
$-62 Mil (TTM As of Sep. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avery Dennison Corp's interest expense for the three months ended in Sep. 2014 was $-15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2014 was $-62 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. Avery Dennison Corp's Operating Income for the three months ended in Sep. 2014 was $124 Mil. Avery Dennison Corp's Interest Expense for the three months ended in Sep. 2014 was $-15 Mil. Avery Dennison Corp's interest coverage for the quarter that ended in Sep. 2014 was 8.08. The higher the ratio, the stronger the company’s financial strength is.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Avery Dennison Corp Interest Expense for the trailing twelve months (TTM) ended in Sep. 2014 was -16 (Dec. 2013 ) + -15.4 (Mar. 2014 ) + -15.6 (Jun. 2014 ) + -15.4 (Sep. 2014 ) = $-62 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

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. The higher, the better.

Avery Dennison Corp's interest expense for the three months ended in Sep. 2014 was $-15 Mil. Its operating income for the three months ended in Sep. 2014 was $124 Mil. And its Long-Term Debt for the three months ended in Sep. 2014 was $945 Mil.

Avery Dennison Corp's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as

Interest Coverage=-1*Operating Income (Q: Sep. 2014 )/Interest Expense (Q: Sep. 2014 )
=-1*124.4/-15.4
=8.08

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Avery Dennison Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Interest Expense -59-58-56-105-116-85-77-71-73-59

Avery Dennison Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Interest Expense -19-18-18-12-15-16-16-15-16-15
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