Heineken NV (Heineken NV) Interest Expense : $-733 Mil (TTM As of Dec. 2023)

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What is Heineken NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Heineken NV's interest expense for the six months ended in Dec. 2023 was $ -413 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-733 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. Heineken NV's Operating Income for the six months ended in Dec. 2023 was $ 1,779 Mil. Heineken NV's Interest Expense for the six months ended in Dec. 2023 was $ -413 Mil. Heineken NV's Interest Coverage for the quarter that ended in Dec. 2023 was 4.30. 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.

Heineken NV Interest Expense Historical Data

The historical data trend for Heineken NV'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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Heineken NV Interest Expense Chart

Heineken NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-637.78

-645.99

-552.54

-515.89

-735.01

Heineken NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-297.18	-226.22	-289.20	-319.61	-413.30

Heineken NV 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 semi-annually data reported by the company within the most recent 12 months, which was $-733 Mil.

Heineken NV (OTCPK:HINKF) 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.

Heineken NV's Interest Expense for the six months ended in Dec. 2023 was $-413 Mil. Its Operating Income for the six months ended in Dec. 2023 was $1,779 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $15,317 Mil.

Heineken NV'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	*	1778.626	/	-413.304
	=	4.30

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

Heineken NV (Heineken NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Heineken NV (OTCPK:HINKF) » Definitions » Interest Expense

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Traded in Other Exchanges

HEINY:USA HEIA:Netherlands HEIA:Mexico HEIAa:UK 0O26:UK HNK1:Germany HEIA:Austria

Address

Tweede Weteringplantsoen 21, P.O. Box 28, Amsterdam, NH, NLD, 1000 AA

Website

https://www.theheinekencompany.com

Heineken sold 257 million hectolitres of beer in 2022, and is the world's second-largest brewer behind Anheuser-Busch InBev. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager by volume and has spawned several brand extensions including Heineken 0.0 and Heineken Silver. Heineken is the world's biggest cider producer, and its portfolio also includes brands in the nonalcoholic, Belgian, and craft beer categories.