George Weston (George Weston) Interest Expense : $-899 Mil (TTM As of Dec. 2023)

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What is George Weston Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. George Weston's interest expense for the three months ended in Dec. 2023 was $ -224 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-899 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. George Weston's Operating Income for the three months ended in Dec. 2023 was $ 802 Mil. George Weston's Interest Expense for the three months ended in Dec. 2023 was $ -224 Mil. George Weston's Interest Coverage for the quarter that ended in Dec. 2023 was 3.59. 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.

George Weston Interest Expense Historical Data

The historical data trend for George Weston'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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George Weston Interest Expense Chart

George Weston Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-878.58

-911.86

-845.31

-796.47

-902.65

George Weston 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															-203.17	-209.02	-221.29	-244.62	-223.61

George Weston 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 $-899 Mil.

George Weston (OTCPK:WNGRF) 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.

George Weston's Interest Expense for the three months ended in Dec. 2023 was $-224 Mil. Its Operating Income for the three months ended in Dec. 2023 was $802 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $12,823 Mil.

George Weston'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	*	802.027	/	-223.614
	=	3.59

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

George Weston (George Weston) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » George Weston Ltd (OTCPK:WNGRF) » Definitions » Interest Expense

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WN.PR.E.PFD:Canada WN.PR.D.PFD:Canada WN.PR.C.PFD:Canada WN.PR.A.PFD:Canada WN:Canada

Address

22 St. Clair Avenue East, Suite 1901, Toronto, ON, CAN, M4T 2S7

Website

https://www.weston.ca

George Weston is a holding company that controls a 53% stake in retailer Loblaw and a 62% stake in Choice Properties, a real estate investment trust. Loblaw boasts the largest retail footprint across Canada with 2,500 food retail and pharmacy stores under banners such as Loblaw, No-Frills, Maxi, and Shoppers Drug Mart. Meanwhile, open-ended Choice Properties REIT owns and manages 702 commercial and residential properties in Canada, generating 57% of its gross rental revenue from its largest tenant Loblaw. Previously, George Weston sold its wholly owned bakery Weston Foods in 2022. The firm is controlled by the Weston family, which owns a 65% stake.

George Weston (George Weston) Headlines

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