Morrison (Wm) Supermarkets (Morrison (Wm) Supermarkets) Interest Expense : $-148 Mil (TTM As of Jul. 2021)

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What is Morrison (Wm) Supermarkets Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Morrison (Wm) Supermarkets's interest expense for the six months ended in Jul. 2021 was $ -76 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2021 was $-148 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. Morrison (Wm) Supermarkets's Operating Income for the six months ended in Jul. 2021 was $ 191 Mil. Morrison (Wm) Supermarkets's Interest Expense for the six months ended in Jul. 2021 was $ -76 Mil. Morrison (Wm) Supermarkets's Interest Coverage for the quarter that ended in Jul. 2021 was 2.51. 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.

Morrison (Wm) Supermarkets Interest Expense Historical Data

The historical data trend for Morrison (Wm) Supermarkets'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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Morrison (Wm) Supermarkets Interest Expense Chart

Morrison (Wm) Supermarkets Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Interest Expense

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-124.85

-106.50

-153.55

-143.79

-148.70

Morrison (Wm) Supermarkets Semi-Annual Data
	Jan12	Jul12	Jan13	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21
Interest Expense	Get a 7-Day Free Trial															-67.25	-73.20	-71.16	-72.31	-75.97

Morrison (Wm) Supermarkets 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 Jul. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-148 Mil.

Morrison (Wm) Supermarkets (OTCPK:MRWSY) 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.

Morrison (Wm) Supermarkets's Interest Expense for the six months ended in Jul. 2021 was $-76 Mil. Its Operating Income for the six months ended in Jul. 2021 was $191 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jul. 2021 was $4,381 Mil.

Morrison (Wm) Supermarkets's Interest Coverage for the quarter that ended in Jul. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jul. 2021 )	/	Interest Expense (Q: Jul. 2021 )
	=	-1	*	190.608	/	-75.967
	=	2.51

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

Morrison (Wm) Supermarkets (Morrison (Wm) Supermarkets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Morrison (Wm) Supermarkets PLC (OTCPK:MRWSY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gain Lane, Hilmore House, Bradford, West Yorkshire, GBR, BD3 7DL

Website

https://www.morrisons.com

Founded by William Morrison in 1899, Wm Morrison Supermarkets is the U.K.'s fourth- largest grocery chain, with a market share of around 10%. The 2004 takeover of rival Safeway transformed the firm in terms of scale and gave it a significant presence outside its base in Northern England. The company operates about 500 stores, entirely in the United Kingdom. Morrisons has an online presence via a partnership with Ocado and Amazon and has lately been trying to expand its wholesale channel with new agreements (McColl's).