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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Clorox Co's interest expense for the three months ended in Mar. 2024 was $ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-90 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. Clorox Co's Operating Income for the three months ended in Mar. 2024 was $ 218 Mil. Clorox Co's Interest Expense for the three months ended in Mar. 2024 was $ -22 Mil. Clorox Co's Interest Coverage for the quarter that ended in Mar. 2024 was 9.91. 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.
The historical data trend for Clorox Co'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.
Clorox Co Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -97.00 | -99.00 | -99.00 | -106.00 | -90.00 |
Clorox Co 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 | -24.00 | -21.00 | -21.00 | -26.00 | -22.00 |
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 $-90 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.
Clorox Co (NYSE:CLX) 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.
Clorox Co's Interest Expense for the three months ended in Mar. 2024 was $-22 Mil. Its Operating Income for the three months ended in Mar. 2024 was $218 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,827 Mil.
Clorox Co'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 | * | 218 | / | -22 | |
= | 9.91 |
* 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.
Kevin B Jacobsen | officer: SVP - Chief Financial Officer | 1221 BROADWAY, OAKLAND CA 94612 |
Shanique Bonelli-moore | officer: VP - Chief Diversity & Soc Imp | 1221 BROADWAY, OAKLAND CA 94612 |
Mackay A D David | director | |
Michael M Ott | officer: SVP - Chief Research & Dev Off | 1221 BROADWAY, OAKLAND CA 94612 |
Stephanie Plaines | director | 200 E. RANDOLPH DRIVE, CHICAGO IL 60601 |
Julia Charter | director | 1221 BROADWAY, OAKLAND CA 94612 |
Eric H Reynolds | officer: SVP-Chief Marketing Officer | 1221 BROADWAY, OAKLAND CA 94612 |
Rebecca Dunphey | officer: SVP & GM - Specialty Division | 1221 BROADWAY, OAKLAND CA 94612 |
Eric Sean Schwartz | officer: SVP - Chief Marketing Officer | 1221 BROADWAY, OAKLAND CA 94612 |
Diego J Barral | officer: SVP - GM, International | 1221 BROADWAY, OAKLAND CA 94612 |
Matthew Gregory | officer: SVP - Chief Customer Officer | 1221 BROADWAY, OAKLAND CA 94612 |
Chris T Hyder | officer: SVP, Cleaning & Prof Prod Div | 1221 BROADWAY, OAKLAND CA 94612 |
Laurene E Peck | officer: VP - CAO & Corp Controller | 1221 BROADWAY, OAKLAND CA 94612 |
Angela C Hilt | officer: SVP - Chief Legal Officer | 1221 BROADWAY, OAKLAND CA 94612 |
Richard T Mcdonald | officer: SVP - Chief Product Supply Off | 1221 BROADWAY, OAKLAND CA 94612 |
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