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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Wendy's Co's interest expense for the three months ended in Mar. 2024 was $ -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-123 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 Wendy's Co's Operating Income for the three months ended in Mar. 2024 was $ 86 Mil. The Wendy's Co's Interest Expense for the three months ended in Mar. 2024 was $ -31 Mil. The Wendy's Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.83. 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.
The historical data trend for The Wendy's 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.
The Wendy's Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -115.97 | -117.74 | -109.19 | -122.32 | -124.06 |
The Wendy's Co Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Expense | Get a 7-Day Free Trial | -31.71 | -31.14 | -30.96 | -30.26 | -30.54 |
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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-123 Mil.
* 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.
The Wendy's Co (NAS:WEN) Interest Expense 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 Wendy's Co's Interest Expense for the three months ended in Mar. 2024 was $-31 Mil. Its Operating Income for the three months ended in Mar. 2024 was $86 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $4,020 Mil.
The Wendy's Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 86.386 | / | -30.535 | |
= | 2.83 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Joseph A Levato | director | C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BLVD., DUBLIN OH 43017 |
Trian Fund Management, L.p. | other: Schedule 13D Filer | 280 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10017 |
Kenneth W Gilbert | director | C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BLVD., DUBLIN OH 43017 |
Michelle Caruso-cabrera | director | C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BLVD., DUBLIN OH 43017 |
Liliana Esposito | officer: Chief Communications Officer | ONE DAVE THOMAS BLVD., DUBLIN OH 43017 |
Nelson Peltz | director, 10 percent owner, officer: Chairman and CEO | 223 SUNSET AVENUE, PALM BEACH FL 33480 |
Edward P Garden | officer: Executive Vice President | 223 SUNSET AVENUE, PALM BEACH FL 33480 |
Peter W May | director, 10 percent owner, officer: President and COO | 223 SUNSET AVENUE, PALM BEACH FL 33480 |
Matthew H. Peltz | director | 280 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10017 |
Trian Partners Master Fund, L.p. | other: Schedule 13D Filer | 280 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10017 |
Deepak Ajmani | officer: Chief Operations Officer - U.S | C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BLVD., DUBLIN OH 43017 |
Juan Carlos Loredo | officer: Global Chief Marketing Officer | C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BLVD., DUBLIN OH 43017 |
Suzanne M. Thuerk | officer: Chief Accounting Officer | ONE DAVE THOMAS BLVD., C/O THE WENDY'S COMPANY, DUBLIN OH 43017 |
Richard H. Gomez | director | 1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
O'brien Matthew Coley | officer: Chief People Officer | ONE DAVE THOMAS BLVD., DUBLIN OH 43017 |
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