Newell Brands (Newell Brands) Interest Expense : $-283 Mil (TTM As of Dec. 2023)

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What is Newell Brands Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Newell Brands's interest expense for the three months ended in Dec. 2023 was $ -70 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-283 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. Newell Brands's Operating Income for the three months ended in Dec. 2023 was $ 77 Mil. Newell Brands's Interest Expense for the three months ended in Dec. 2023 was $ -70 Mil. Newell Brands's Interest Coverage for the quarter that ended in Dec. 2023 was 1.10. 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.

Newell Brands Interest Expense Historical Data

The historical data trend for Newell Brands'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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Newell Brands Interest Expense Chart

Newell Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-303.00

-274.00

-256.00

-235.00

-283.00

Newell Brands 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															-64.00	-68.00	-76.00	-69.00	-70.00

Newell Brands 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 $-283 Mil.

Newell Brands (NAS:NWL) 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.

Newell Brands's Interest Expense for the three months ended in Dec. 2023 was $-70 Mil. Its Operating Income for the three months ended in Dec. 2023 was $77 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,021 Mil.

Newell Brands'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	*	77	/	-70
	=	1.10

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

Newell Brands (Newell Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Newell Brands Inc (NAS:NWL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NWL:Germany NWL:Germany N1WL34:Brazil

Address

6655 Peachtree Dunwoody Road, Atlanta, GA, USA, 30328

Website

https://www.newellbrands.com

Newell Brands Inc is an American global consumer goods company. The business activities of the group function through five segments namely, Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, Outdoor and Recreation. The learning and Development segment generates most of the revenue for the firm which offers baby gear and infant care products; writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products, and labeling solutions.

Executives

Bradford R Turner	officer: Sr. VP, Gen. Sounsel & Secy	C/O NEWELL BRANDS INC., 6055 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Gaoxiang Hu	director	16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Dennis Senovich	officer: Chief Supply Chain Officer	6655 PEACHTREE DUNWOODY RD, ATLANTA GA 30328
Mark J Erceg	officer: Chief Financial Officer	248 E. SKYLINE DRIVE, WASHINGTON UT 84780
David Willetts	director	16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160
Brett Icahn	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Melanie Arlene Huet	officer: President, Brand Management	6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Stephanie Stahl	director	C/O KNOLL, INC., 1235 WATER STREET, EAST GREENVILLE PA 18041
James Craigie	director	500 CHARLES EWING BLVD, EWING NJ 08628
Mather Courtney	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Maria Fernanda Mejia	officer: CEO, International	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Carl C Icahn	10 percent owner	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Icahn Partners Lp	10 percent owner	16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Icahn Partners Master Fund Lp	10 percent owner	16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Kristine Kay Malkoski	officer: Business Unit CEO - Food	6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328