Associated British Foods (Associated British Foods) Interest Expense : $-321 Mil (TTM As of Feb. 2024)

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What is Associated British Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Associated British Foods's interest expense for the six months ended in Feb. 2024 was $ -78 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-321 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. Associated British Foods's Operating Income for the six months ended in Feb. 2024 was $ 1,111 Mil. Associated British Foods's Interest Expense for the six months ended in Feb. 2024 was $ -78 Mil. Associated British Foods's Interest Coverage for the quarter that ended in Feb. 2024 was 14.19. 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.

Associated British Foods Interest Expense Historical Data

The historical data trend for Associated British 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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Associated British Foods Interest Expense Chart

Associated British Foods Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-175.18

-268.07

-248.28

-220.36

-317.66

Associated British Foods Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Expense	Get a 7-Day Free Trial															-67.66	-160.48	-71.26	-242.69	-78.28

Associated British 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-321 Mil.

Associated British Foods (OTCPK:ASBFF) 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.

Associated British Foods's Interest Expense for the six months ended in Feb. 2024 was $-78 Mil. Its Operating Income for the six months ended in Feb. 2024 was $1,111 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2024 was $4,105 Mil.

Associated British Foods's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	1111.111	/	-78.283
	=	14.19

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

Associated British Foods (Associated British Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Associated British Foods PLC (OTCPK:ASBFF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ASBFY:USA ABFl:UK ABF:UK AFO1:Germany

Address

10 Grosvenor Street, Weston Centre, London, GBR, W1K 4QY

Website

https://www.abf.co.uk

Associated British Foods is a diversified international retail, food, and ingredients group with 130,000 employees and operations in 50 countries across Europe, southern Africa, the Americas, Asia, and Australia. The group sells branded grocery products, grows and processes sugar, supplies farmers with crop input and animal feed, and runs the popular Primark clothing retail chain. It also supplies ingredients like baker's yeast, enzymes, lipids, and cereal specialities. Some 40% of sales are in the U.K., and Primark generates more than half of the firm's operating profit.

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