Silgan Holdings (Silgan Holdings) Interest Expense : $-173 Mil (TTM As of Dec. 2023)

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What is Silgan Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Silgan Holdings's interest expense for the three months ended in Dec. 2023 was $ -42 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-173 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. Silgan Holdings's Operating Income for the three months ended in Dec. 2023 was $ 121 Mil. Silgan Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -42 Mil. Silgan Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 2.86. 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.

Silgan Holdings Interest Expense Historical Data

The historical data trend for Silgan Holdings'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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Silgan Holdings Interest Expense Chart

Silgan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-105.67

-103.83

-108.43

-126.34

-173.32

Silgan Holdings 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															-34.59	-36.77	-46.79	-47.26	-42.49

Silgan Holdings 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 $-173 Mil.

Silgan Holdings (NYSE:SLGN) 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.

Silgan Holdings's Interest Expense for the three months ended in Dec. 2023 was $-42 Mil. Its Operating Income for the three months ended in Dec. 2023 was $121 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,546 Mil.

Silgan Holdings'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	*	121.324	/	-42.493
	=	2.86

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

Silgan Holdings (Silgan Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Silgan Holdings Inc (NYSE:SLGN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SL3:Germany

Address

4 Landmark Square, Suite 400, Stamford, CT, USA, 06901

Website

https://www.silganholdings.com

Silgan Holdings manufactures about half of the metal food containers in North America. Its major customers include Campbell Soup, Nestle, and Del Monte. Silgan's other business segments include plastic dispensers and containers for personal and healthcare products and a closures business that manufactures metal and plastic lids and caps.

Executives

Anthony J Allott	officer: President and COO	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Thomas James Snyder	officer: President - Silgan Containers	C/O SILGAN CONTAINERS LLC, 21600 OXNARD STREET, SUITE 1600, WOODLAND HILLS CA 91367
Stacey J. Mcgrath	officer: Vice President, Tax	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Joseph M Jordan	director	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Robert B Lewis	officer: EVP and CFO	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Shawn C Fabry	officer: SVP, Corporate Development	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Kimberly Irene Ulmer	officer: Vice President & Controller	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Niharika Ramdev	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Daniel Patrick Murphy	officer: Vice President & Controller	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
B. Frederick Prinzen	officer: Vice President, Corp. Dev.	SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, STAMFORD CT 06901
Jay A Martin	officer: Vice President	P O BOX 5311, NEW CASTLE PA 16105
D Greg Horrigan	director, 10 percent owner, officer: Co-Chairman and Co-CEO	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
William T Donovan	director	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE SUITE 400, STAMFORD CT 06901
Kimberly A Fields	director	C/O ALLEGHENY TECHNOLOGIES INCORPORATED, 1000 SIX PPG PLACE, PITTSBURGH PA 15217
Anthony P Andreacchi	officer: Vice President, Tax	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901