Conagra Brands (Conagra Brands) Interest Expense : $-438 Mil (TTM As of Feb. 2024)

View and export this data going back to 1976. Start your Free Trial

What is Conagra Brands Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Conagra Brands's interest expense for the three months ended in Feb. 2024 was $ -108 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-438 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. Conagra Brands's Operating Income for the three months ended in Feb. 2024 was $ 470 Mil. Conagra Brands's Interest Expense for the three months ended in Feb. 2024 was $ -108 Mil. Conagra Brands's Interest Coverage for the quarter that ended in Feb. 2024 was 4.36. 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.

Conagra Brands Interest Expense Historical Data

The historical data trend for Conagra Brands'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.

* Premium members only.

Conagra Brands Interest Expense Chart

Conagra Brands Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

Get a 7-Day Free Trial

-398.20

-490.20

-422.30

-382.00

-413.50

Conagra Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-105.30	-109.30	-107.10	-114.10	-107.90

Conagra Brands 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-438 Mil.

Conagra Brands (NYSE:CAG) 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.

Conagra Brands's Interest Expense for the three months ended in Feb. 2024 was $-108 Mil. Its Operating Income for the three months ended in Feb. 2024 was $470 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $7,492 Mil.

Conagra Brands's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	470	/	-107.9
	=	4.36

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

Conagra Brands (Conagra Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Conagra Brands Inc (NYSE:CAG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CAO:Germany CAO:Germany

Address

222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, USA, 60654

Website

https://www.conagrabrands.com

Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. The company primarily sells through the U.S. retail channel, with just 8% of fiscal 2023 revenue coming from international markets and 9% from foodservice.

Executives

Richard H Lenny	director	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Francisco Fraga	director	222 MERCHANDISE MART PLAZA, SUITE 1300, CHICAGO IL 60654
Thomas M Mcgough	officer: EVP and Co-COO	C/O CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS 1-330, OMAHA NE 68102
William Eric Johnson	officer: SVP, Corporate Controller	222 MERCHANDISE MART PLAZA, SUITE 1300, CHICAGO IL 60654
Charisse Brock	officer: EVP, Chief HR Officer	C/CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS1-330, OMAHA NE 68102
Robert G Wise	officer: SVP, Corporate Controller	C/O CONAGRA FOODS, INC., ONE CONAGRA DRIVE, OMAHA NE 68102
Carey Bartell	officer: EVP, GC and Corp. Secretary	C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE. 1300, CHICAGO IL 60654
Denise Paulonis	director	8000 BENT BRANCH DRIVE, IRVING TX 75063
Emanuel Chirico	director	7 NEW YORK PLACE, BRONSVILLE NY 10708
Batcheler Colleen	officer: SVP and General Counsel	ONE CONAGRA DRIVE, OMAHA NE 68102
Darren Serrao	officer: EVP and Co-COO	C/CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS1-330, OMAHA NE 68102
George Dowdie	director	C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE 1300, CHICAGO IL 60654
Fran Horowitz-bonadies	director	6301 FITCH PATH, NEW ALBANY OH 43054
Alexandre Eboli	officer: EVP,Chief Supply Chain Officer	C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE. 1300, CHICAGO IL 60654
Jana Partners Llc	director, other: See Remarks	767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153