Carrols Restaurant Group (Carrols Restaurant Group) Interest Expense : $-29 Mil (TTM As of Dec. 2023)

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What is Carrols Restaurant Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carrols Restaurant Group's interest expense for the three months ended in Dec. 2023 was $ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-29 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. Carrols Restaurant Group's Operating Income for the three months ended in Dec. 2023 was $ 18 Mil. Carrols Restaurant Group's Interest Expense for the three months ended in Dec. 2023 was $ -6 Mil. Carrols Restaurant Group's Interest Coverage for the quarter that ended in Dec. 2023 was 2.99. 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.

Carrols Restaurant Group Interest Expense Historical Data

The historical data trend for Carrols Restaurant Group'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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Carrols Restaurant Group Interest Expense Chart

Carrols Restaurant Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-27.86

-27.28

-28.79

-30.84

-29.11

Carrols Restaurant Group 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															-7.87	-8.23	-7.67	-7.19	-6.02

Carrols Restaurant Group 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 $-29 Mil.

Carrols Restaurant Group (NAS:TAST) 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.

Carrols Restaurant Group's Interest Expense for the three months ended in Dec. 2023 was $-6 Mil. Its Operating Income for the three months ended in Dec. 2023 was $18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,180 Mil.

Carrols Restaurant Group'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	*	17.993	/	-6.023
	=	2.99

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

Carrols Restaurant Group (Carrols Restaurant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Carrols Restaurant Group Inc (NAS:TAST) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

XQC:Germany

Address

968 James Street, Syracuse, NY, USA, 13203

Website

https://www.carrols.com

Carrols Restaurant Group Inc is a restaurant company. It owns and operates Burger King restaurants in the Northeastern, Midwestern, and Southeastern United States. The Burger King restaurants are quick-service restaurants featuring hamburgers and other sandwiches.

Executives

Anthony E Hull	officer: VP, CFO, Treasurer	175 PARK AVENUE, MADISON NJ 07940
Gretta Miles	officer: VP, Controller, Asst Treasurer	968 JAMES STREET, SYRACUSE NY 13203
Ahmad Filsoof	officer: VP, Strategic Initiatives	968 JAMES STREET, SYRACUSE NY 13203
Cambridge Franchise Partners, Llc	10 percent owner	853 BROADWAY, NEW YORK NY 10003
Richard G Cross	officer: VP, Real Estate	968 JAMES STREET, SYRACUSE NY 13203
Gary Mcquillan	officer: VP, Strategic Procurement	968 JAMES STREET, SYRACUSE NY 13203
Joseph W Hoffman	officer: Chief Restaurant Officer	968 JAMES STREET, SYRACUSE NY 13203
Paulo A Pena	officer: President and CEO	968 JAMES STREET, SYRACUSE NY 13203
John Davis Smith	director	968 JAMES STREET, SYRACUSE NY 13203
Jared L. Landaw	officer: VP, GC, Secretary	101 WEST 79TH STREET - 12B, NEW YORK NY 10024
Nathan Mucher	officer: VP, Chief Information Officer	968 JAMES STREET, SYRACUSE NY 13203
Thomas Benjamin Curtis	director	30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Matthew Terker Perelman	director, 10 percent owner	853 BROADWAY, SUITE 2014, NEW YORK NY 10003
Carl S Hauch	officer: VP and COO	ADVANCE AUTO PARTS, INC, 5008 AIRPORT RD, ROANOKE VA 24012
David Harris	director	237 PARK AVENUE - SUITE 900, NEW YORK NY 10017