Maple Leaf Foods (Maple Leaf Foods) Interest Expense : $-109 Mil (TTM As of Dec. 2023)

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What is Maple Leaf Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Maple Leaf Foods's interest expense for the three months ended in Dec. 2023 was $ -30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-109 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. Maple Leaf Foods's Operating Income for the three months ended in Dec. 2023 was $ 26 Mil. Maple Leaf Foods's Interest Expense for the three months ended in Dec. 2023 was $ -30 Mil. Maple Leaf Foods's Interest Coverage for the quarter that ended in Dec. 2023 was 0.85. 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.

Maple Leaf Foods Interest Expense Historical Data

The historical data trend for Maple Leaf Foods'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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Maple Leaf Foods Interest Expense Chart

Maple Leaf Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-22.46

-23.26

-16.55

-40.04

-109.93

Maple Leaf Foods 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															-16.67	-22.80	-27.71	-29.09	-29.89

Maple Leaf Foods 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 $-109 Mil.

Maple Leaf Foods (OTCPK:MLFNF) 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.

Maple Leaf Foods's Interest Expense for the three months ended in Dec. 2023 was $-30 Mil. Its Operating Income for the three months ended in Dec. 2023 was $26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,261 Mil.

Maple Leaf Foods'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	*	25.502	/	-29.893
	=	0.85

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

Maple Leaf Foods (Maple Leaf Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Maple Leaf Foods Inc (OTCPK:MLFNF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

M1L:Germany MFI:Canada

Address

6985 Financial Drive, Mississauga, ON, CAN, L5N 0A1

Website

http://www.mapleleaffoods.com

Maple Leaf Foods Incs is a producer of food products under leading brands, including Maple Leaf, Maple Leaf PrimeMaple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co., Lightlife, and Field Roast. The Company's portfolio includes prepared meats, ready-to-cook and ready-toserve meals, and valued-added fresh pork and poultry, and plant protein products. Its main markets are Canada, the United States, Japan, and China. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell's Gourmet Food, Larse, Parm, and Hygrade.