Organizacion SorianaB de CV (Organizacion SorianaB de CV) Interest Expense : $-145 Mil (TTM As of Jun. 2023)

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What is Organizacion SorianaB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Organizacion SorianaB de CV's interest expense for the three months ended in Jun. 2023 was $ -40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-145 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. Organizacion SorianaB de CV's Operating Income for the three months ended in Jun. 2023 was $ 131 Mil. Organizacion SorianaB de CV's Interest Expense for the three months ended in Jun. 2023 was $ -40 Mil. Organizacion SorianaB de CV's Interest Coverage for the quarter that ended in Jun. 2023 was 3.30. 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.

Organizacion SorianaB de CV Interest Expense Historical Data

The historical data trend for Organizacion SorianaB de CV'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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Organizacion SorianaB de CV Interest Expense Chart

Organizacion SorianaB de CV Annual Data

Trend

Dec13

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Dec22

Interest Expense

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-118.56

-194.27

-161.92

-113.78

-127.67

Organizacion SorianaB de CV Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial															-28.62	-29.75	-39.02	-36.60	-39.78

Organizacion SorianaB de CV 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-145 Mil.

Organizacion SorianaB de CV (OTCPK:ONZBF) 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.

Organizacion SorianaB de CV's Interest Expense for the three months ended in Jun. 2023 was $-40 Mil. Its Operating Income for the three months ended in Jun. 2023 was $131 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was $1,162 Mil.

Organizacion SorianaB de CV's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	131.438	/	-39.784
	=	3.30

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

Organizacion SorianaB de CV (Organizacion SorianaB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Organizacion Soriana SAB de CV (OTCPK:ONZBF) » Definitions » Interest Expense

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SORIANAB:Mexico

Address

Alejandro De rodas 3102-A, Cumbres 8° Sector, Monterrey, MEX, 64610

Website

https://www.soriana.com.mx

Organizacion Soriana SAB de CV is a Mexican company with a multiformat strategy. Soriana offers a diverse range of products: food, clothing, healthcare, and basic services. The company operates self-service stores, warehouse clubs, and convenience stores. Store formats are diverse, from hypermarkets with 7,000-square-metre average sales floor area, as with Soriana Hiper; to stores offering low prices on basic commodities, as with Soriano Mercado; to stores offering high-quality products, as with Soriana Super.