Packaging of America (BSP:P1KG34) Interest Expense : R$-234 Mil (TTM As of Mar. 2024)

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What is Packaging of America Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Packaging of America's interest expense for the three months ended in Mar. 2024 was R$ -48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-234 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. Packaging of America's Operating Income for the three months ended in Mar. 2024 was R$ 1,094 Mil. Packaging of America's Interest Expense for the three months ended in Mar. 2024 was R$ -48 Mil. Packaging of America's Interest Coverage for the quarter that ended in Mar. 2024 was 22.88. 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.

Packaging of America Interest Expense Historical Data

The historical data trend for Packaging of America'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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Packaging of America Interest Expense Chart

Packaging of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-528.66

-481.03

-861.81

-369.28

-261.16

Packaging of America 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															-80.21	-70.86	-60.75	-54.39	-47.81

Packaging of America 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$-234 Mil.

Packaging of America (BSP:P1KG34) 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.

Packaging of America's Interest Expense for the three months ended in Mar. 2024 was R$-48 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$1,094 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$13,354 Mil.

Packaging of America'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	*	1093.564	/	-47.806
	=	22.88

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

Packaging of America (BSP:P1KG34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Packaging Corp of America (BSP:P1KG34) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PKG:USA PKA:Germany

Address

1 North Field Court, Lake Forest, IL, USA, 60045

Website

https://www.packagingcorp.com

Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. The firm differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.

Packaging of America (BSP:P1KG34) Headlines

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