Greif (GEF) Interest Expense

: $-98 Mil (TTM As of Jan. 2024)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Greif's interest expense for the three months ended in Jan. 2024 was $ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-98 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. Greif's Operating Income for the three months ended in Jan. 2024 was $ 76 Mil. Greif's Interest Expense for the three months ended in Jan. 2024 was $ -24 Mil. Greif's Interest Coverage for the quarter that ended in Jan. 2024 was 3.13. 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.

Greif Interest Expense Historical Data

The historical data trend for Greif'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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Greif Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Interest Expense

-112.50

-115.80

-92.70

-61.20

-96.30

Greif Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense																-22.80	-23.40	-25.30	-24.80	-24.20

Greif 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-98 Mil.

Greif (NYSE:GEF) 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.

Greif's Interest Expense for the three months ended in Jan. 2024 was $-24 Mil. Its Operating Income for the three months ended in Jan. 2024 was $76 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $2,460 Mil.

Greif's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	75.8	/	-24.2
	=	3.13

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

Greif (GEF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Greif Inc (NYSE:GEF) » Definitions » Interest Expense

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Traded in Other Exchanges

GEF.B:USA GB6B:Germany

Address

425 Winter Road, Delaware, OH, USA, 43015

Website

https://www.greif.com

Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries. It offers a comprehensive line of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, blending, filling, logistics, warehousing, and other packaging services. The company operates in three reportable business segments including Global Industrial Packaging, Paper Packaging and Services, and Land Management. It operates in North and Latin America, Europe, Middle East, Africa and Asia Pacific regions.

Executives

Miller Frank Calhoun V	director	425 WINTER ROAD, DELAWARE OH 43015
Vivian Bouet	officer: VP Chief Inf & Digital Officer	425 WINTER ROAD, DELAWARE OH 43015
Patrick Gerard Mullaney	officer: SVP, Pres. Global Industrial P	425 WINTER ROAD, DELAWARE OH 43015
Roel Vestjens	director	C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105
Anthony John Krabill	officer: Corporate Treasurer	425 WINTER ROAD, DELAWARE OH 43015
Michael Joseph Taylor	officer: Corporate Controller	425 WINTER ROAD, DELAWARE OH 43015
Matthew Douglas Eichmann	officer: VP, Chief Mktg & Sust. Officer	425 WINTER ROAD, DELAWARE OH 43015
Kimberly Thompson Scott	director	425 WINTER ROAD, DELAWARE OH 43015
Karen Morrison	director	425 WINTER ROAD, DELAWARE OH 43015
Tina R. Schoner	officer: SVP Chief Supply Chain Officer	425 WINTER RD., DELAWARE OH 43015
Kimberly Anne Kellermann	officer: SVP, Global Operations Group	425 WINTER ROAD, DELAWARE OH 43015
Nicholas Joseph Petitti	10 percent owner	200 CIVIC CENTER DRIVE, SUITE 1200, COLUMBUS OH 43215
Robert M Patterson	director	33587 WALKER ROAD, AVON LAKE OH 44012
Bala Sathyanarayanan	officer: SVP, Chief Human Resources Off	425 WINTER RD., DELAWARE OH 43015
Vicki L Avril	director	604 KENMARE DRIVE, BURR RIDGE IL 60527