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Village Super Market Inc (NAS:VLGEA)
Interest Expense
$-4 Mil (TTM As of Apr. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Village Super Market Inc's interest expense for the three months ended in Apr. 2014 was $-1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2014 was $-4 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. Village Super Market Inc's Operating Income for the three months ended in Apr. 2014 was $6 Mil. Village Super Market Inc's Interest Expense for the three months ended in Apr. 2014 was $-1 Mil. Village Super Market Inc's interest coverage for the quarter that ended in Apr. 2014 was 6.98. The higher the ratio, the stronger the company’s financial strength is.


Definition

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

Village Super Market Inc Interest Expense for the trailing twelve months (TTM) ended in Apr. 2014 was -0.885 (Jul. 2013 ) + -0.74 (Oct. 2013 ) + -1.016 (Jan. 2014 ) + -0.916 (Apr. 2014 ) = $-4 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.

Village Super Market Inc's interest expense for the three months ended in Apr. 2014 was $-1 Mil. Its operating income for the three months ended in Apr. 2014 was $6 Mil. And its Long-Term Debt for the three months ended in Apr. 2014 was $42 Mil.

Village Super Market Inc's Interest Coverage for the quarter that ended in Apr. 2014 is calculated as

Interest Coverage=-1*Operating Income (Q: Apr. 2014 )/Interest Expense (Q: Apr. 2014 )
=-1*6.397/-0.916
=6.98

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Village Super Market Inc Annual Data

Jul04Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13
Interest Expense -2-2-1-3-3-3-4-4-4-4

Village Super Market Inc Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
Interest Expense -1-1-1-1-1-1-1-1-1-1
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