Sonoco Products Co (Sonoco Products Co) Interest Expense : $-137 Mil (TTM As of Dec. 2023)

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What is Sonoco Products Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sonoco Products Co's interest expense for the three months ended in Dec. 2023 was $ -35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-137 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. Sonoco Products Co's Operating Income for the three months ended in Dec. 2023 was $ 125 Mil. Sonoco Products Co's Interest Expense for the three months ended in Dec. 2023 was $ -35 Mil. Sonoco Products Co's Interest Coverage for the quarter that ended in Dec. 2023 was 3.54. 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.

Sonoco Products Co Interest Expense Historical Data

The historical data trend for Sonoco Products Co'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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Sonoco Products Co Interest Expense Chart

Sonoco Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-66.85

-75.05

-63.99

-101.66

-136.69

Sonoco Products Co 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															-30.42	-34.23	-34.28	-32.85	-35.32

Sonoco Products Co 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 $-137 Mil.

Sonoco Products Co (NYSE:SON) 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.

Sonoco Products Co's Interest Expense for the three months ended in Dec. 2023 was $-35 Mil. Its Operating Income for the three months ended in Dec. 2023 was $125 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,301 Mil.

Sonoco Products Co'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	*	124.901	/	-35.323
	=	3.54

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

Sonoco Products Co (Sonoco Products Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Sonoco Products Co (NYSE:SON) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SNS:Germany

Address

1 N. Second Street, Hartsville, SC, USA, 29550

Website

http://www.sonoco.com

Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 30 years.

Executives

Sean Cairns	officer: Pres Global Rigid Paper&Closur	1 N 2ND ST, HARTSVILLE SC 29550
Haynes Ernest D Iii	officer: VP, Rigid Paper Containers, NA	1 NORTH 2ND STREET, HARTSVILLE SC 29550
Hill Robert R Jr	director	C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Steven L Boyd	director	1 NORTH 2ND ST, HARTSVILLE SC 29550
Shawn B Munday	officer: VP, Glbl Mergers & ACQ	1 N 2ND ST, HARTSVILLE SC 29550
Aditya Gandhi	officer: CAO	1 NORTH SECOND STREET, HARTSVILLE SC 29550
Rodger D Fuller	officer: DIV VP & GENERAL MANAGER - CPD	C/O SONOCO PRODUCTS COMPANY, 1 N. SECOND STREET, HARTSVILLE SC 29550
Anne Marie Lopiccolo	officer: VP, Global Human Resources	1 N 2ND ST, HARTSVILLE SC 29550
Elizabeth J Rhue	officer: VP Global Envir&Sustainability	1 N. 2ND STREET, HARTSVILLE SC 29550
Julie C Albrecht	officer: VP, Treasurer/Assistant CFO	ONE NORTH SECOND STREET, HARTSVILLE SC 29550
Lisa K Weeks	officer: Staff VP Investor Relations	56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Cummings Harold G Iii	officer: Staff VP,Treasurer	ONE NORTH SECOND STREET, HARTSVILLE SC 29550
Russell K Grissett	officer: VP, Global Flexible Packaging	1 NORTH 2ND STREET, HARTSVILLE SC 29550
Jeffrey S Tomaszewski	officer: VP - Global RPC, D&P, Paper	1 N 2ND ST, HARTSVILLE SC 29550
John M Florence	officer: Corporate Attorney	ONE NORTH SECOND STREET, HARTSVILLE SC 29550