Starbucks (Starbucks) Interest Expense

: $-561 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Starbucks's interest expense for the three months ended in Dec. 2023 was $ -140 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-561 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. Starbucks's Operating Income for the three months ended in Dec. 2023 was $ 1,430 Mil. Starbucks's Interest Expense for the three months ended in Dec. 2023 was $ -140 Mil. Starbucks's Interest Coverage for the quarter that ended in Dec. 2023 was 10.20. 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.

Starbucks Interest Expense Historical Data

The historical data trend for Starbucks'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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Starbucks Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-331.00

-437.00

-469.80

-482.90

-550.10

Starbucks 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															-129.70	-136.30	-140.90	-143.20	-140.10

Starbucks 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 $-561 Mil.

Starbucks (NAS:SBUX) 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.

Starbucks's Interest Expense for the three months ended in Dec. 2023 was $-140 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,430 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $21,704 Mil.

Starbucks'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	*	1429.5	/	-140.1
	=	10.20

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

Starbucks (Starbucks) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Starbucks Corp (NAS:SBUX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SBUX:Peru SBUX:Mexico SBUX_KZ:Kazakhstan SBUX:Italy SRBd:UK 0QZH:UK SRB:Germany SRB:Germany SRB:Germany SRB:Germany SBUX:Chile SBUX:Canada SBUB34:Brazil SBUX:Austria SBUX:Argentina

Address

2401 Utah Avenue South, Seattle, WA, USA, 98134

Website

https://www.starbucks.com

Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.

Executives

Sara Kelly	officer: evp, chief partner officer	2401 UTAH AVENUE SOUTH, SEATTLE WA 98134
Rachel Ruggeri	officer: evp, cfo	2401 UTAH AVENUE SOUTH, #800, SEATTLE WA 98134
Michael Aaron Conway	officer: group president International	18 LOVETON CIRCLE, SPARKS MD 21152
Wei Zhang	director	RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
Bradley E Lerman	officer: evp, general counsel	MEDTRONIC, INC., 710 MEDTRONIC PKWY MSLC300, MINNEAPOLIS MN 55432
Beth Ford	director	C/O CORPORATE SECRETARY SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012
Zabrina Jenkins	officer: Interim evp, general counsel	C/O RETAIL OPPORTUNITY INVESTMENT CORP., 11250 EL CAMINO REAL. SUITE 200, SAN DIEGO CA 92130
Clara Shih	director	2401 UTAH AVE S, # 800, SEATTLE WA 98134
Laxman Narasimhan	officer: ceo-elect	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Mellody L Hobson	director	C/O TELLABS, 1415 W DIEHL RD, NAPERVILLE IL 60563
Allison Richard E Jr	director	30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Howard D Schultz	director, officer: chairman, president and ceo	2401 UTAH AVE SOUTH, SEATTLE WA 98134
Angela Lis	officer: evp, chief partner officer	2401 UTAH AVENUE SOUTH, EX6, SEATTLE WA 98134
Kevin R Johnson	director	2401 UTAH AVE. S, SUITE 800, SEATTLE WA 98134
Gina Woods	officer: evp, Public Affairs	2401 UTAH AVENUE SOUTH, #800, SEATTLE WA 98134