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George Weston (TSX:WN.PR.A.PFD) Interest Expense : C$-1,222.00 Mil (TTM As of Jun. 2024)


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What is George Weston Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. George Weston's interest expense for the three months ended in Jun. 2024 was C$ -295.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was C$-1,222.00 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. George Weston's Operating Income for the three months ended in Jun. 2024 was C$ 795.00 Mil. George Weston's Interest Expense for the three months ended in Jun. 2024 was C$ -295.00 Mil. George Weston's Interest Coverage for the quarter that ended in Jun. 2024 was 2.69. 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.

George Weston Interest Expense Historical Data

The historical data trend for George Weston'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.

George Weston Interest Expense Chart

George Weston Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,157.00 -1,168.00 -1,082.00 -1,082.00 -1,211.00

George Weston Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -294.00 -331.00 -300.00 -296.00 -295.00

George Weston 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1,222.00 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.

George Weston  (TSX:WN.PR.A.PFD) 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.

George Weston's Interest Expense for the three months ended in Jun. 2024 was C$-295.00 Mil. Its Operating Income for the three months ended in Jun. 2024 was C$795.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was C$18,662.00 Mil.

George Weston's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*795/-295
=2.69

* 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.

George Weston Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » George Weston Ltd (TSX:WN.PR.A.PFD) » Definitions » Interest Expense
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Traded in Other Exchanges
WNGRF:USA WN.PR.E.PFD:Canada WN.PR.D.PFD:Canada WN.PR.C.PFD:Canada WN:Canada
Address
22 St. Clair Avenue East, Suite 800, Legal Department, Toronto, ON, CAN, M4T 2S5
Website
https://www.weston.ca
George Weston is a holding company that controls a 53% stake in retailer Loblaw and a 62% stake in Choice Properties, a real estate investment trust. Loblaw boasts the largest retail footprint across Canada with 2,500 food retail and pharmacy stores under banners such as Loblaw, No-Frills, Maxi, and Shoppers Drug Mart. Meanwhile, open-ended Choice Properties REIT owns and manages over 700 commercial and residential properties in Canada, generating roughly 60% of its gross rental revenue from its largest tenant Loblaw. Previously, George Weston sold its wholly owned bakery Weston Foods in 2022. The firm is controlled by the Weston family, which owns a 65% stake.

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