Constellation Brands (Constellation Brands) Interest Expense

: $-435 Mil (TTM As of Feb. 2024)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Constellation Brands's interest expense for the three months ended in Feb. 2024 was $ -102 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-435 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. Constellation Brands's Operating Income for the three months ended in Feb. 2024 was $ 629 Mil. Constellation Brands's Interest Expense for the three months ended in Feb. 2024 was $ -102 Mil. Constellation Brands's Interest Coverage for the quarter that ended in Feb. 2024 was 6.15. 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.

Constellation Brands Interest Expense Historical Data

The historical data trend for Constellation Brands'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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Constellation Brands Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-428.70

-385.70

-356.40

-398.70

-435.40

Constellation Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-117.20	-118.20	-110.60	-104.20	-102.40

Constellation Brands 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-435 Mil.

Constellation Brands (NYSE:STZ) 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.

Constellation Brands's Interest Expense for the three months ended in Feb. 2024 was $-102 Mil. Its Operating Income for the three months ended in Feb. 2024 was $629 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $11,270 Mil.

Constellation Brands's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	629.4	/	-102.4
	=	6.15

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

Constellation Brands (Constellation Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Constellation Brands Inc (NYSE:STZ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

STZ:Mexico CB1A:Germany STZB34:Brazil STZ:Austria

Address

207 High Point Drive, Building 100, Victor, New York, NY, USA, 14564

Website

https://www.cbrands.com

Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the U.S., generating 80% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the U.S., the firm has small revenue exposure to international markets. Constellation owns a 36% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

Executives

Family Foundation Sands	other: Member of 10% owner group	C/O WILDSTAR PARTNERS LLC, 110 E ATLANTIC AVE, STE. 200, DELRAY BEACH FL 33444
Ernesto M Hernandez	director	C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564
James O. Bourdeau	officer: EVP & Gen. Counsel	C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564
Daniel J Mccarthy	director	FRONTIER COMMUNICATIONS, 401 MERRITT 7, NORWALK CT 06851
Robert Lee Hanson	officer: EVP & Pres. Wine and Spirits	C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564
William A Newlands	director, officer: President & CEO	C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DR., BUILDING 100, VICTOR NY 14564
Kaneenat Kristann Carey	officer: EVP & Chief HR Officer	207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564
Garth Hankinson	officer: EVP & CFO	C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564
William T Giles	director	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Luca Zaramella	director	C/O MONDELEZ INTERNATIONAL, INC., THREE PARKWAY NORTH, DEERFIELD IL 60015
Rht 2015 Business Holdings Lp	other: Member of 10% owner group	110 E ATLANTIC AVE, STE. 200, C/O WILDSTAR PARTNERS LLC, DELRAY BEACH FL 33444
Rss Business Holdings Lp	10 percent owner	C/O WILDSTAR PARTNERS LLC, 110 E ATLANTIC AVE, STE. 200, DELRAY BEACH FL 33444
Rct 2015 Business Holdings Lp	other: Member of 10% owner group	110 E ATLANTIC AVE, STE. 200, C/O WILDSTAR PARTNERS LLC, DELRAY BEACH FL 33444
Wildstar Partners Llc	10 percent owner	110 E ATLANTIC AVE, STE. 200, DELRAY BEACH FL 33444
Rss 2015 Business Holdings Lp	other: Member of 10% owner group	110 E ATLANTIC AVE, STE. 200, C/O WILDSTAR PARTNERS LLC, DELRAY BEACH FL 33444