Monro (MNRO) Interest Expense : $-21 Mil (TTM As of Dec. 2023)

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What is Monro Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Monro's interest expense for the three months ended in Dec. 2023 was $ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-21 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. Monro's Operating Income for the three months ended in Dec. 2023 was $ 21 Mil. Monro's Interest Expense for the three months ended in Dec. 2023 was $ -5 Mil. Monro's Interest Coverage for the quarter that ended in Dec. 2023 was 4.24. 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.

Monro Interest Expense Historical Data

The historical data trend for Monro'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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Monro Interest Expense Chart

Monro Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-27.01

-28.21

-28.24

-24.63

-23.18

Monro 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															-5.95	-5.86	-5.21	-4.80	-5.04

Monro 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 $-21 Mil.

Monro (NAS:MNRO) 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.

Monro's Interest Expense for the three months ended in Dec. 2023 was $-5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $539 Mil.

Monro'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	*	21.383	/	-5.043
	=	4.24

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

Monro (MNRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Monro Inc (NAS:MNRO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MR2:Germany MR2:Germany

Address

200 Holleder Parkway, Rochester, NY, USA, 14615

Website

https://www.monro.com

Monro Inc is a provider automobile service stations in the United States. Through its network of company-owned service stations, Monro Muffler Brake offers maintenance, repair, tire, and fleet management services for automobiles focused largely on undercar services such as brake, steering, exhaust, drivetrain, and suspension systems. Next to service stores, the company also offers tire stores specialised in tire replacement and service.

Executives

Michael T Broderick	director, officer: CEO & President	26555 NORTHWESTERN HIGHWAY, SOUTHFIELD MI 48033
Hope B Woodhouse	director	1601 UTICA AVENUE, SUITE 900, ST. LOUIS PARK MN 55416
John L Auerbach	director	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Leah C. Johnson	director	182 NORTH UNION AVENUE, FARMINGTON UT 84025
Stephen C Mccluski	director	80 ARKAY DRIVE, HAUPPAUGE NY 11788
Nicholas P Hawryschuk	officer: Vice President - Finance	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Matt Henson	officer: Chief Human Resource Officer	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Peter J Solomon	director	C/O PETER J SOLOMON COMPANY, 520 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Brian D Odonnell	officer: SVP - Training	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Robert E Mellor	director	SEVEN MADRONE AVE, KENTFIELD CA 94904
Robert Rajkowski	officer: COO	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Donna Maxwell	officer: CHRO	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Donald Glickman	director	535 MADISON AVENUE, NEW YORK NY 10022
Maureen Mulholland	officer: Senior VP, General Counsel	C/O MONRO, INC., 200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Raymond L Pickens	officer: Divisional Vice President	6606 SWEET AIR LANE, ELDERSBURG MD 21784