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Berry Global Group (Berry Global Group) Interest Expense : $-307 Mil (TTM As of Dec. 2023)


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What is Berry Global Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Berry Global Group's interest expense for the three months ended in Dec. 2023 was $ -72 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-307 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. Berry Global Group's Operating Income for the three months ended in Dec. 2023 was $ 179 Mil. Berry Global Group's Interest Expense for the three months ended in Dec. 2023 was $ -72 Mil. Berry Global Group's Interest Coverage for the quarter that ended in Dec. 2023 was 2.49. 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.


Berry Global Group Interest Expense Historical Data

The historical data trend for Berry Global Group'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.

Berry Global Group Interest Expense Chart

Berry Global Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -329.00 -435.00 -336.00 -286.00 -306.00

Berry Global Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -71.00 -79.00 -78.00 -78.00 -72.00

Berry Global Group 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-307 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.


Berry Global Group  (NYSE:BERY) 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.

Berry Global Group's Interest Expense for the three months ended in Dec. 2023 was $-72 Mil. Its Operating Income for the three months ended in Dec. 2023 was $179 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $9,240 Mil.

Berry Global Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*179/-72
=2.49

* 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.


Berry Global Group (Berry Global Group) Business Description

Traded in Other Exchanges
Address
101 Oakley Street, Evansville, IN, USA, 47710
Berry global Group Inc is a leading global supplier of plastic packaging products mainly sold to consumer-oriented end markets. The four business segments are consumer packaging international, consumer packaging North America, engineered materials, and health, hygiene, and specialties. The company primarily uses plastic resin as its raw material, purchased from a variety of suppliers. The majority of revenue comes from consumer packaging international due to the acquisition of RPC, which expanded the geographical areas in which the company operates. The consumer packaging segment consists of closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, polythene films, recycling, containers, and technical components.
Executives
James Till officer: EVP - Controller C/O 101 OAKLEY STREET, EVANSVILLE IN 47710
Mark W Miles officer: Executive Vice President C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY ST., EVANSVILLE IN 47710
Carl J Rickertsen director MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Jason K. Greene officer: EVP - Chief Legal Officer C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY ST., EVANSVILLE IN 47710
Evan Bayh director 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814
Kevin J. Kwilinski director, officer: Chief Executive Officer 101 OAKLEY STREET, EVANSVILLE IN 47714
William J Norman officer: President C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY STREET, EVANSVILLE IN 47710
Michael Edward Hill officer: President C/O 101 OAKLEY STREET, EVANSVILLE IN 47710
Meredith Harper director 101 OAKLEY STREET, EVANSVILLE IN 47710
Peter T Thomas director 1000 LAKESIDE AVENUE, CLEVELAND OH 44114
Chaney Sheffield director C/O CANYON PARTNERS, LLC, 2000 AVENUE OF THE STARS, 11TH FLOOR, LOS ANGELES CA 90067
Tom Salmon officer: Executive Vice President C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY ST., EVANSVILLE IN 47710
Curt Begle officer: Executive Vice President C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY ST., EVANSVILLE IN 47710
Jill A Rahman director 101 OAKLEY STREET, EVANSVILLE IN 47710
Paula A Sneed director THREE LAKES DRIVE, NORTHFIELD IL 60093