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Loblaw (Loblaw) Interest Expense : $-612 Mil (TTM As of Dec. 2023)


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What is Loblaw Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Loblaw's interest expense for the three months ended in Dec. 2023 was $ -149 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-612 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. Loblaw's Operating Income for the three months ended in Dec. 2023 was $ 703 Mil. Loblaw's Interest Expense for the three months ended in Dec. 2023 was $ -149 Mil. Loblaw's Interest Coverage for the quarter that ended in Dec. 2023 was 4.71. 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.

Loblaw Interest Expense Historical Data

The historical data trend for Loblaw'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.

Loblaw Interest Expense Chart

Loblaw Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -580.91 -587.09 -537.50 -523.37 -614.94

Loblaw Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 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 -131.76 -138.13 -146.77 -178.11 -149.08

Loblaw 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 $-612 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.

Loblaw  (OTCPK:LBLCF) 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.

Loblaw's Interest Expense for the three months ended in Dec. 2023 was $-149 Mil. Its Operating Income for the three months ended in Dec. 2023 was $703 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $10,930 Mil.

Loblaw'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*702.892/-149.076
=4.71

* 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.

Loblaw (Loblaw) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Loblaw Companies Ltd (OTCPK:LBLCF) » Definitions » Interest Expense
Comparable Companies
TSX:WN TSX:MRU TSX:EMP.A TSX:NWC KR TSE:3382 XAMS:AD ASX:WOW LSE:TSCO ASX:COL BKK:CPALL ACI XPAR:CA WAR:DNP TPE:2912 LSE:SBRY CHDRAUIB ISX:AMRT OHEL:KESKOA IST:BIMAS
Traded in Other Exchanges
L.PR.B.PFD:Canada L:Canada
Address
1 President’s Choice Circle, Brampton, ON, CAN, L6Y 5S5
Website
https://www.loblaw.ca
Loblaw is Canada's largest retailer, operating 2,500 food retail and pharmacy stores across the country. Its main grocery banners include Loblaw, No Frills, and Maxi, and its pharmacy stores are mostly under the Shoppers Drug Mart banner, which it acquired in 2014. In addition to brand-name offerings, Loblaw offers private-label products under the President's Choice and No Name brands. Beyond retail, Loblaw runs the PC Optimum loyalty program and also offers credit cards and insurance brokerage, which are collectively referred to as financial services. George Weston is Loblaw's controlling shareholder with a 53% stake.

Loblaw (Loblaw) Headlines

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