Darden Restaurants (Darden Restaurants) Interest Expense : $-125 Mil (TTM As of Feb. 2024)

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What is Darden Restaurants Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Darden Restaurants's interest expense for the three months ended in Feb. 2024 was $ -37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-125 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. Darden Restaurants's Operating Income for the three months ended in Feb. 2024 was $ 388 Mil. Darden Restaurants's Interest Expense for the three months ended in Feb. 2024 was $ -37 Mil. Darden Restaurants's Interest Coverage for the quarter that ended in Feb. 2024 was 10.62. 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.

Darden Restaurants Interest Expense Historical Data

The historical data trend for Darden Restaurants'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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Darden Restaurants Interest Expense Chart

Darden Restaurants Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-54.00

-62.20

-65.20

-70.60

-89.10

Darden Restaurants Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-19.60	-22.10	-29.70	-37.10	-36.50

Darden Restaurants 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 quarterly data reported by the company within the most recent 12 months, which was $-125 Mil.

Darden Restaurants (NYSE:DRI) 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.

Darden Restaurants's Interest Expense for the three months ended in Feb. 2024 was $-37 Mil. Its Operating Income for the three months ended in Feb. 2024 was $388 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $5,147 Mil.

Darden Restaurants'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	*	387.8	/	-36.5
	=	10.62

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

Darden Restaurants (Darden Restaurants) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Darden Restaurants Inc (NYSE:DRI) » Definitions » Interest Expense

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DDN:Germany DDN:Germany

Address

1000 Darden Center Drive, Orlando, FL, USA, 32837

Website

https://www.darden.com

Darden Restaurants is the largest restaurant operator in the U.S. full-service space, with consolidated revenue of $10.5 billion in fiscal 2023 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2023, the company operated 1,914 restaurants in the U.S.

Executives

John W. Madonna	officer: SVP, Corporate Controller	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Douglas J. Milanes	officer: SVP, Chief Supply Chain Ofcr	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Melvin John Martin	officer: President, SRG	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Sarah H. King	officer: SVP, Chief HR Officer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Susan M. Connelly	officer: SVP, Chief Comm & PA Officer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Lee Eugene I Jr	officer: President, Speciality Rest Grp	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Rajesh Vennam	officer: SVP, CFO and Treasurer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Ricardo Cardenas	officer: SVP Chief Strategy Officer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Matthew R Broad	officer: SVP General Counsel	C/O DARDEN RESTAURANTS, INC., 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Todd Burrowes	officer: President, LongHorn Steakhouse	150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Daniel J. Kiernan	officer: President, Olive Garden	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
William S Simon	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Nana Mensah	director	1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Richard L. Renninger	officer: SVP, Chief Development Officer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Timothy J Wilmott	director	C/O PENN NATIONAL GAMING, INC., 825 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610