Mondelez International (LTS:0R0G) Interest Expense : $-550 Mil (TTM As of Dec. 2023)

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What is Mondelez International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mondelez International's interest expense for the three months ended in Dec. 2023 was $ -118 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-550 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. Mondelez International's Operating Income for the three months ended in Dec. 2023 was $ 1,174 Mil. Mondelez International's Interest Expense for the three months ended in Dec. 2023 was $ -118 Mil. Mondelez International's Interest Coverage for the quarter that ended in Dec. 2023 was 9.95. 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.

Mondelez International Interest Expense Historical Data

The historical data trend for Mondelez International'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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Mondelez International Interest Expense Chart

Mondelez International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-484.00

-423.00

-365.00

-428.00

-550.00

Mondelez International 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															-134.00	-153.00	-145.00	-134.00	-118.00

Mondelez International 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 $-550 Mil.

Mondelez International (LTS:0R0G) 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.

Mondelez International's Interest Expense for the three months ended in Dec. 2023 was $-118 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,174 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $17,424 Mil.

Mondelez International'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	*	1174	/	-118
	=	9.95

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

Mondelez International (LTS:0R0G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mondelez International Inc (LTS:0R0G) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MDLZ:USA MDLZ:Mexico 1MDLZ:Italy KTFd:UK KTF:Germany MDLZ34:Brazil MDLZ:Austria

Address

905 West Fulton Market, Suite 200, Chicago, IL, USA, 60607

Website

https://www.mondelezinternational.com

Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack arena with a presence in the biscuit (50% of sales), chocolate (30%), gum/candy (11%), beverage (3%), and cheese and grocery (6%) aisles, as of the end of fiscal 2022. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury, among others. The firm derives just shy of 40% of revenue from developing markets, about one third from Europe, and the remainder from North America.

Mondelez International (LTS:0R0G) Headlines

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