Fomento Economico MexicanoB de CV (BSP:FMXB34) Interest Expense : R$-5,503 Mil (TTM As of Mar. 2024)

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What is Fomento Economico MexicanoB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fomento Economico MexicanoB de CV's interest expense for the three months ended in Mar. 2024 was R$ -1,415 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-5,503 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. Fomento Economico MexicanoB de CV's Operating Income for the three months ended in Mar. 2024 was R$ 4,431 Mil. Fomento Economico MexicanoB de CV's Interest Expense for the three months ended in Mar. 2024 was R$ -1,415 Mil. Fomento Economico MexicanoB de CV's Interest Coverage for the quarter that ended in Mar. 2024 was 3.13. 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.

Fomento Economico MexicanoB de CV Interest Expense Historical Data

The historical data trend for Fomento Economico MexicanoB de CV'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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Fomento Economico MexicanoB de CV Interest Expense Chart

Fomento Economico MexicanoB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2,439.20

-4,102.67

-4,121.13

-3,893.42

-4,962.66

Fomento Economico MexicanoB de CV 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															-1,032.76	-813.67	-898.78	-2,375.10	-1,415.06

Fomento Economico MexicanoB de CV 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 R$-5,503 Mil.

Fomento Economico MexicanoB de CV (BSP:FMXB34) 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.

Fomento Economico MexicanoB de CV's Interest Expense for the three months ended in Mar. 2024 was R$-1,415 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$4,431 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$62,565 Mil.

Fomento Economico MexicanoB de CV'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	*	4430.922	/	-1415.062
	=	3.13

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

Fomento Economico MexicanoB de CV (BSP:FMXB34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fomento Economico Mexicano SAB de CV (BSP:FMXB34) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FMXUF:USA FMX:USA FEMSAUB:Mexico FEMSAUBD:Mexico FOMC:Germany FMX:Argentina

Address

General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410

Website

https://www.femsa.com

Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm has digested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 70% of total company revenue and around 75% of profits in 2022.

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