Maple Leaf Foods (TSX:MFI) Interest Expense : C$-157 Mil (TTM As of Mar. 2024)

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What is Maple Leaf Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Maple Leaf Foods's interest expense for the three months ended in Mar. 2024 was C$ -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-157 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. Maple Leaf Foods's Operating Income for the three months ended in Mar. 2024 was C$ 116 Mil. Maple Leaf Foods's Interest Expense for the three months ended in Mar. 2024 was C$ -41 Mil. Maple Leaf Foods's Interest Coverage for the quarter that ended in Mar. 2024 was 2.83. 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.

Maple Leaf Foods Interest Expense Historical Data

The historical data trend for Maple Leaf Foods'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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Maple Leaf Foods Interest Expense Chart

Maple Leaf Foods Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

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Dec23

Interest Expense

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-29.58

-29.79

-21.19

-54.40

-147.48

Maple Leaf Foods 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															-31.20	-36.81	-39.36	-40.11	-41.03

Maple Leaf Foods 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 C$-157 Mil.

Maple Leaf Foods (TSX:MFI) 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.

Maple Leaf Foods's Interest Expense for the three months ended in Mar. 2024 was C$-41 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$116 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$1,683 Mil.

Maple Leaf Foods'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	*	116.307	/	-41.032
	=	2.83

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

Maple Leaf Foods (TSX:MFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Maple Leaf Foods Inc (TSX:MFI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MLFNF:USA M1L:Germany

Address

6985 Financial Drive, Mississauga, ON, CAN, L5N 0A1

Website

http://www.mapleleaffoods.com

Maple Leaf Foods Incs is a producer of food products under leading brands, including Maple Leaf, Maple Leaf PrimeMaple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co., Lightlife, and Field Roast. The Company's portfolio includes prepared meats, ready-to-cook and ready-toserve meals, and valued-added fresh pork and poultry, and plant protein products. Its main markets are Canada, the United States, Japan, and China. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell's Gourmet Food, Larse, Parm, and Hygrade.

Executives

Andreas Liris	Senior Officer
Patrick Lutfy	Senior Officer
Iain William Stewart	Senior Officer

Maple Leaf Foods (TSX:MFI) Headlines

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