Metro (MTRAF) Interest Expense : $-120 Mil (TTM As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Metro Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Metro's interest expense for the three months ended in Mar. 2024 was $ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-120 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. Metro's Operating Income for the three months ended in Mar. 2024 was $ 223 Mil. Metro's Interest Expense for the three months ended in Mar. 2024 was $ -25 Mil. Metro's Interest Coverage for the quarter that ended in Mar. 2024 was 8.87. 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.

Metro Interest Expense Historical Data

The historical data trend for Metro'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.

Metro Interest Expense Chart

Metro Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

Get a 7-Day Free Trial

-81.94

-109.90

-115.07

-99.56

-110.86

Metro 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															-20.68	-27.92	-42.50	-24.15	-25.19

Metro 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 $-120 Mil.

Metro (OTCPK:MTRAF) 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.

Metro's Interest Expense for the three months ended in Mar. 2024 was $-25 Mil. Its Operating Income for the three months ended in Mar. 2024 was $223 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,818 Mil.

Metro'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	*	223.404	/	-25.192
	=	8.87

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

Metro (MTRAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Metro Inc (OTCPK:MTRAF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

62M:Germany MRU:Canada

Address

11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6

Website

https://www.metro.ca

Metro is the third-largest grocery retailer in Canada (behind Loblaw and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaw and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in the provinces of Quebec and Ontario, with no presence in western Canada.

Metro (MTRAF) Headlines

From GuruFocus

Staying Close to Home

By Gordon Pape Gordon Pape • 08-27-2012

Metro Inc's Dividend Analysis

By GuruFocus Research • 10-26-2023

3 Canadian Companies to Consider in Wake of Trade Deal

By Sydnee Gatewood Sydnee Gatewood • 10-01-2018