Interest Expense is the amount reported by a company or individual as an expense for borrowed money. General Mills's interest expense for the
three
months ended in Feb. 2021 was $ -106 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Feb. 2021 was $-436 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. General Mills's Operating Income for the
three
months ended in Feb. 2021 was $ 838 Mil. General Mills's Interest Expense for the
three
months ended in Feb. 2021 was $ -106 Mil.
General Mills's Interest Coverage for the quarter that ended in Feb. 2021 was 7.90.
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.
General Mills 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 Feb. 2021 was -118.6 (May. 2020 ) + -111.1 (Aug. 2020 ) + -100.6 (Nov. 2020 ) + -106 (Feb. 2021 ) = $-436 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.
General Mills (NYSE:GIS) 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.
General Mills's Interest Expense for the
three
months ended in Feb. 2021 was $-106 Mil. Its
Operating Income
for the
three
months ended in Feb. 2021 was $838 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Feb. 2021 was $9,767 Mil.
General Mills's Interest Coverage for the quarter that ended in Feb. 2021 is calculated as
* 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.
General Mills Interest Expense Headlines
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