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GuruFocus has detected 7 Warning Signs with The Scotts Miracle Gro Co \$SMG.
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The Scotts Miracle Gro Co (NYSE:SMG)
Interest Expense
\$-65 Mil (TTM As of Dec. 2016)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Scotts Miracle Gro Co's interest expense for the three months ended in Dec. 2016 was \$-16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2016 was \$-65 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. The Scotts Miracle Gro Co's Operating Income for the three months ended in Dec. 2016 was \$-71 Mil. The Scotts Miracle Gro Co's Interest Expense for the three months ended in Dec. 2016 was \$-16 Mil. The Scotts Miracle Gro Co did not have earnings to cover the interest expense. 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.

Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

The Scotts Miracle Gro Co Interest Expense for the trailing twelve months (TTM) ended in Dec. 2016 was -19.1 (Mar. 2016 ) + -16.9 (Jun. 2016 ) + -13.3 (Sep. 2016 ) + -15.6 (Dec. 2016 ) = \$-65 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

The Scotts Miracle Gro Co's interest expense for the three months ended in Dec. 2016 was \$-16 Mil. Its operating income for the three months ended in Dec. 2016 was \$-71 Mil. And its Long-Term Debt for the three months ended in Dec. 2016 was \$1,677 Mil.

The Scotts Miracle Gro Co's Interest Coverage for the quarter that ended in Dec. 2016 is calculated as

 The Scotts Miracle Gro Co did not have earnings to cover the interest expense.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

The Scotts Miracle Gro Co Annual Data

 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Interest Expense -71 -82 -56 -43 -51 -62 -59 -47 -51 -66

The Scotts Miracle Gro Co Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Interest Expense -9 -10 -15 -14 -12 -16 -19 -17 -13 -16
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