CCL Industries (CCL Industries) Interest Expense : $-84 Mil (TTM As of Dec. 2023)

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What is CCL Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CCL Industries's interest expense for the three months ended in Dec. 2023 was $ -34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-84 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. CCL Industries's Operating Income for the three months ended in Dec. 2023 was $ 172 Mil. CCL Industries's Interest Expense for the three months ended in Dec. 2023 was $ -34 Mil. CCL Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 5.09. 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.

CCL Industries Interest Expense Historical Data

The historical data trend for CCL Industries'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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CCL Industries Interest Expense Chart

CCL Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-81.48

-66.75

-58.36

-65.81

-84.60

CCL Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-28.41	-15.86	-16.56	-18.03	-33.84

CCL Industries 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 $-84 Mil.

CCL Industries (OTCPK:CCDBF) 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.

CCL Industries's Interest Expense for the three months ended in Dec. 2023 was $-34 Mil. Its Operating Income for the three months ended in Dec. 2023 was $172 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,663 Mil.

CCL Industries'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	*	172.108	/	-33.84
	=	5.09

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

CCL Industries (CCL Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » CCL Industries Inc (OTCPK:CCDBF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CCLLF:USA CCL.B:Canada CCL.A:Canada

Address

111 Gordon Baker Road, Suite 801, Toronto, ON, CAN, M2H 3R1

Website

https://www.cclind.com

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions. Innovia segment manufactures specialty films. Its geographical segments include Canada; USA and Puerto Rico; Mexico, Brazil, Chile and Argentina; Europe; and Asia, Australia, Africa and New Zealand.