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The Kraft Heinz Co (BSP:KHCB34) Interest Expense : R$-4,480 Mil (TTM As of Mar. 2024)


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What is The Kraft Heinz Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Kraft Heinz Co's interest expense for the three months ended in Mar. 2024 was R$ -1,125 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-4,480 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 Kraft Heinz Co's Operating Income for the three months ended in Mar. 2024 was R$ 6,633 Mil. The Kraft Heinz Co's Interest Expense for the three months ended in Mar. 2024 was R$ -1,125 Mil. The Kraft Heinz Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.89. 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 Kraft Heinz Co Interest Expense Historical Data

The historical data trend for The Kraft Heinz 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.

* Premium members only.

The Kraft Heinz Co Interest Expense Chart

The Kraft Heinz Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5,586.23 -7,171.71 -11,575.58 -4,831.01 -4,468.62

The Kraft Heinz 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,182.35 -1,106.64 -1,126.02 -1,122.05 -1,125.44

The Kraft Heinz Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-4,480 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 Kraft Heinz Co  (BSP:KHCB34) 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 Kraft Heinz Co's Interest Expense for the three months ended in Mar. 2024 was R$-1,125 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$6,633 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$99,213 Mil.

The Kraft Heinz 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*6633.094/-1125.435
=5.89

* 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.

The Kraft Heinz Co (BSP:KHCB34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Kraft Heinz Co (BSP:KHCB34) » Definitions » Interest Expense
Comparable Companies
GIS HRL K MKC CAG LW CPB SJM DAR INGR XSWX:NESN XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF BIMBOA SGX:F34
Traded in Other Exchanges
KHC:USA KHC:Peru KHC:Mexico 1KHC:Italy KHNZd:UK 0JRV:UK KHNZ:Germany KHC:Austria
Address
One PPG Place, Pittsburgh, PA, USA, 15222
Website
https://www.kraftheinzcompany.com
In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm operates a growing presence in the foodservice arena. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives 20%-25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.

The Kraft Heinz Co (BSP:KHCB34) Headlines

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