Packaging of America (Packaging of America) Interest Expense : $-53 Mil (TTM As of Dec. 2023)

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What is Packaging of America Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Packaging of America's interest expense for the three months ended in Dec. 2023 was $ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-53 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. Packaging of America's Operating Income for the three months ended in Dec. 2023 was $ 267 Mil. Packaging of America's Interest Expense for the three months ended in Dec. 2023 was $ -11 Mil. Packaging of America's Interest Coverage for the quarter that ended in Dec. 2023 was 24.08. 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.

Packaging of America Interest Expense Historical Data

The historical data trend for Packaging of America'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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Packaging of America Interest Expense Chart

Packaging of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-128.80

-93.50

-152.40

-70.40

-53.30

Packaging of America 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															-15.10	-15.40	-14.60	-12.30	-11.10

Packaging of America 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 $-53 Mil.

Packaging of America (NYSE:PKG) 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.

Packaging of America's Interest Expense for the three months ended in Dec. 2023 was $-11 Mil. Its Operating Income for the three months ended in Dec. 2023 was $267 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,693 Mil.

Packaging of America'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	*	267.3	/	-11.1
	=	24.08

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

Packaging of America (Packaging of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Packaging Corp of America (NYSE:PKG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PKA:Germany PKA:Germany

Address

1 North Field Court, Lake Forest, IL, USA, 60045

Website

https://www.packagingcorp.com

Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. The firm differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.

Executives

Paul T Stecko	director, officer: Chairman/Chief Exec. Officer
Kent A. Pflederer	officer: VP, Gen. Counsel & Sec.	PACKAGING CORPORATION OF AMERICA, 1955 W. FIELD CT., LAKE FOREST IL 60645
Donald R. Shirley	officer: SVP	1 N. FIELD COURT, LAKE FOREST IL 60045
Bruce A Ridley	officer: SVP	1 N. FIELD CT, LAKE FOREST IL 60045
Robert Andrew Schneider	officer: SVP & CIO	1 N. FIELD CT, LAKE FOREST IL 60045
Thomas A Hassfurther	officer: Senior VP-Sales & Marketing	C/O PACKAGING CORPORATION OF AMERICA, 1900 WEST FIELD COURT, LAKE FOREST IL 60045
Charles J. Carter	officer: VP-Containerboard	1900 W. FIELD CT., LAKE FOREST IL 60045
Robert P. Mundy	officer: SVP	6775 LENOX CENTER COURT, SUITE 400, MEMPHIS TN 38115
Donna A. Harman	director	PACKAGING CORPORATION OF AMERICA, 1 N. FIELD CT., LAKE FOREST IL 60045
Darla J. Olivier	officer: SVP	1 N. FIELD CT., LAKE FOREST IL 60045
Walton Thomas W.h.	officer: SVP	C/O PACKAGING CORPORATION OF AMERICA, 1900 W. FIELD CT., LAKE FOREST IL 60045
Jeffrey S Kaser	officer: SVP	1 N FIELD CT, LAKE FOREST IL 60045
Robert C Lyons	director	500 WEST MONROE ST, CHICAGO IL 60661
Pamela A. Barnes	officer: SVP	1 N. FIELD CT, LAKE FOREST IL 60045
Samuel M Mencoff	director, 10 percent owner	BUCKEYE TECHNOLOGIES INC, 1001 TILLMAN STREET, MEMPHIS TN 38112