Ranpak Holdings (Ranpak Holdings) Interest Expense : $-24.3 Mil (TTM As of Dec. 2023)

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What is Ranpak Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ranpak Holdings's interest expense for the three months ended in Dec. 2023 was $ -5.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-24.3 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. Ranpak Holdings's Operating Income for the three months ended in Dec. 2023 was $ -4.6 Mil. Ranpak Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -5.9 Mil. Ranpak Holdings did not have earnings to cover the interest expense. 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.

Ranpak Holdings Interest Expense Historical Data

The historical data trend for Ranpak Holdings'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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Ranpak Holdings Interest Expense Chart

Ranpak Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-47.50

-30.20

-22.40

-20.70

-24.30

Ranpak Holdings 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															-5.50	-5.70	-5.90	-6.80	-5.90

Ranpak Holdings 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 $-24.3 Mil.

Ranpak Holdings (NYSE:PACK) 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.

Ranpak Holdings's Interest Expense for the three months ended in Dec. 2023 was $-5.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-4.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $422.5 Mil.

Ranpak Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Ranpak Holdings did not have earnings to cover the interest expense.

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

Ranpak Holdings (Ranpak Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ranpak Holdings Corp (NYSE:PACK) » Definitions » Interest Expense

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Traded in Other Exchanges

0ZA:Germany

Address

7990 Auburn Road, Concord Township, OH, USA, 44077

Website

https://www.ranpak.com

Ranpak Holdings Corp is a provider of environmentally sustainable, systems-based, product protection solutions for e-Commerce and industrial supply chains. The company offers a full suite of protective packaging systems and paper consumables. Geographically, it derives a majority of revenue from Europe/Asia.

Executives

Mark A. Siebert	officer: MD, North America	7990 AUBURN ROAD, CONCORD TOWNSHIP OH 44077
Alicia M. Tranen	director	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Eric Laurensse	officer: Managing Director, Europe	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Antonio Grassotti	officer: Managing Director, APAC	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Kurt Zumwalt	director	201 ELLIOTT AVENUE WEST, SEATTLE WA 98119
Salil Seshadri	director	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Omar Asali	director, officer: Chairman and CEO	GOLDMAN SACHS HEDGE FUND STRATEGIES LLC, 32 OLD SLIP, 9TH FLOOR, NEW YORK NY 10005
William Drew	officer: Secretary	3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Michael Anthony Jones	director	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Pamela K. El	director	C/O RANPAK HOLDINGS CORP., 7990 AUBURN ROAD, CONCORD TOWNSHIP OH 44077
Thomas F. Corley	director	C/O KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Steve A. Kovach	director	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Js Capital Management Llc	10 percent owner	888 SEVENTH AVENUE, 40TH FLOOR, NEW YORK NY 10106
Soros Jonathan T Allan	10 percent owner	C/O JS CAPITAL MANAGEMENT LLC, 888 SEVENTH AVENUE, FLOOR 40, NEW YORK NY 10106
Trent Meyerhoefer	officer: Chief Financial Officer	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016