Grupo ModeloB de CV (Grupo ModeloB de CV) Interest Expense : $-33.5 Mil (TTM As of Jun. 2015)

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What is Grupo ModeloB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grupo ModeloB de CV's interest expense for the three months ended in Jun. 2015 was $ -7.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2015 was $-33.5 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. Grupo ModeloB de CV's Operating Income for the three months ended in Jun. 2015 was $ 134.6 Mil. Grupo ModeloB de CV's Interest Expense for the three months ended in Jun. 2015 was $ -7.7 Mil. Grupo ModeloB de CV's Interest Coverage for the quarter that ended in Jun. 2015 was 17.48. 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.

Grupo ModeloB de CV Interest Expense Historical Data

The historical data trend for Grupo ModeloB de CV'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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Grupo ModeloB de CV Interest Expense Chart

Grupo ModeloB de CV Annual Data

Trend

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Interest Expense

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-40.16

-3.10

-13.12

-3.91

Grupo ModeloB de CV Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Interest Expense	Get a 7-Day Free Trial															-14.15	-11.54	-3.91	-10.38	-7.70

Grupo ModeloB de CV 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 Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-33.5 Mil.

Grupo ModeloB de CV (GREY:GPMCF) 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.

Grupo ModeloB de CV's Interest Expense for the three months ended in Jun. 2015 was $-7.7 Mil. Its Operating Income for the three months ended in Jun. 2015 was $134.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2015 was $0.0 Mil.

Grupo ModeloB de CV's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2015 )	/	Interest Expense (Q: Jun. 2015 )
	=	-1	*	134.58	/	-7.699
	=	17.48

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

Grupo ModeloB de CV (Grupo ModeloB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Grupo Modelo SAB de CV (GREY:GPMCF) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Javier Barris Sierra No. 555, Col. Zedec Santa Fe, Mexico DF, MEX, 01210

Website

https://www.gmodelo.mx

Grupo Modelo SAB de CV is engaged in production, distribution, and marketing of beer. The company brews and distributes brands, including Corona Extra, Modelo Especial, Victoria, Pacífico and Negra Modelo. It exports eight brands and has a presence in more than 180 countries. The global portfolio includes Budweiser, Bud Light, Bud Light Platinum, Bud Light Ritas, Stella Artois, Michelob Ultra and O'Doul's non-alcoholic beer, produced by Anheuser-Busch InBev. Through a strategic alliance with Nestlé Waters, it distributes the brands of bottled water Sta. María and Nestlé Pureza Vital in Mexico.

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