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Tate & Lyle (Tate & Lyle) Interest Expense : $-31 Mil (TTM As of Mar. 2024)


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What is Tate & Lyle Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tate & Lyle's interest expense for the six months ended in Mar. 2024 was $ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-31 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. Tate & Lyle's Operating Income for the six months ended in Mar. 2024 was $ 107 Mil. Tate & Lyle's Interest Expense for the six months ended in Mar. 2024 was $ -15 Mil. Tate & Lyle's Interest Coverage for the quarter that ended in Mar. 2024 was 7.00. 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.

Tate & Lyle Interest Expense Historical Data

The historical data trend for Tate & Lyle'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.

Tate & Lyle Interest Expense Chart

Tate & Lyle Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -40.84 -37.45 -34.26 -38.84 -31.77

Tate & Lyle Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 -18.45 -16.99 -20.63 -16.09 -15.25

Tate & Lyle 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 semi-annually data reported by the company within the most recent 12 months, which was $-31 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.

Tate & Lyle  (OTCPK:TATYF) 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.

Tate & Lyle's Interest Expense for the six months ended in Mar. 2024 was $-15 Mil. Its Operating Income for the six months ended in Mar. 2024 was $107 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was $728 Mil.

Tate & Lyle'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*106.734/-15.248
=7.00

* 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.

Tate & Lyle (Tate & Lyle) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tate & Lyle PLC (OTCPK:TATYF) » Definitions » Interest Expense
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Traded in Other Exchanges
TATYY:USA TATEl:UK TATE:UK TLYB:Germany
Address
5 Marble Arch, London, GBR, W1H 7EJ
Website
https://www.tateandlyle.com
Tate & Lyle is a global provider of food and beverage ingredients and solutions. Following the sale in 2022 of a controlling stake in its commodity ingredients business, as well as its exit from the sugar business a decade earlier, Tate & Lyle is now focused on specialty ingredients—sweeteners, starches, and soluble fiber. It has 2,700 employees and operates in over 140 countries, with most of its revenue generated in North America.