Coca-Cola HBC AG (FRA:CCKC) Interest Expense : €-86 Mil (TTM As of Dec. 2023)

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What is Coca-Cola HBC AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coca-Cola HBC AG's interest expense for the six months ended in Dec. 2023 was € -44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-86 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. Coca-Cola HBC AG's Operating Income for the six months ended in Dec. 2023 was € 406 Mil. Coca-Cola HBC AG's Interest Expense for the six months ended in Dec. 2023 was € -44 Mil. Coca-Cola HBC AG's Interest Coverage for the quarter that ended in Dec. 2023 was 9.33. 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.

Coca-Cola HBC AG Interest Expense Historical Data

The historical data trend for Coca-Cola HBC AG'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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Coca-Cola HBC AG Interest Expense Chart

Coca-Cola HBC AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-71.30

-71.80

-67.10

-77.80

-86.30

Coca-Cola HBC AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-33.60	-41.00	-36.80	-42.80	-43.50

Coca-Cola HBC AG 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 semi-annually data reported by the company within the most recent 12 months, which was €-86 Mil.

Coca-Cola HBC AG (FRA:CCKC) 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.

Coca-Cola HBC AG's Interest Expense for the six months ended in Dec. 2023 was €-44 Mil. Its Operating Income for the six months ended in Dec. 2023 was €406 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €2,476 Mil.

Coca-Cola HBC AG'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	*	406	/	-43.5
	=	9.33

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

Coca-Cola HBC AG (FRA:CCKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola HBC AG (FRA:CCKC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CCHGY:USA CCHBF:USA EEE:Greece CCHl:UK CCH:UK C0Q:Germany

Address

Turmstrasse 26, Steinhausen, CHE, CH-6312

Website

https://www.coca-colahellenic.com

Coca-Cola HBC, or HBC, is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola FEMSA and Coca-Cola Europacific Partners, or CCEP. In 2022, HBC sold 2.7 billion unit cases of beverages. For context, Coke's largest bottler, Coke FEMSA, sold 3.75 billion unit cases in Latin America, and the second-largest, CCEP, serving Europe, Southeast Asia, and the South Pacific region, sold 3.3 billion unit cases. There is a long tail of Coke distributors, including brewers and independent operators with very small distribution territories.HBC is listed on the LSE. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of HBC, and The Coca-Cola Company, or TCCC, holds a further 21%. The remaining 56% is free float.

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