Reckitt Benckiser Group (Reckitt Benckiser Group) Interest Expense : $-373 Mil (TTM As of Dec. 2023)

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What is Reckitt Benckiser Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reckitt Benckiser Group's interest expense for the six months ended in Dec. 2023 was $ -173 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-373 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. Reckitt Benckiser Group's Operating Income for the six months ended in Dec. 2023 was $ 2,019 Mil. Reckitt Benckiser Group's Interest Expense for the six months ended in Dec. 2023 was $ -173 Mil. Reckitt Benckiser Group's Interest Coverage for the quarter that ended in Dec. 2023 was 11.64. 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.

Reckitt Benckiser Group Interest Expense Historical Data

The historical data trend for Reckitt Benckiser Group'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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Reckitt Benckiser Group Interest Expense Chart

Reckitt Benckiser Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-433.81

-370.97

-324.47

-283.80

-373.42

Reckitt Benckiser Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-158.25	-146.55	-138.86	-199.50	-173.42

Reckitt Benckiser Group 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 semi-annually data reported by the company within the most recent 12 months, which was $-373 Mil.

Reckitt Benckiser Group (OTCPK:RBGPF) 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.

Reckitt Benckiser Group's Interest Expense for the six months ended in Dec. 2023 was $-173 Mil. Its Operating Income for the six months ended in Dec. 2023 was $2,019 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $8,681 Mil.

Reckitt Benckiser Group'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	*	2018.987	/	-173.418
	=	11.64

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

Reckitt Benckiser Group (Reckitt Benckiser Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Reckitt Benckiser Group PLC (OTCPK:RBGPF) » Definitions » Interest Expense

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RBGLY:USA RB:Mexico RKTl:UK RKT:UK 3RB:Germany

Address

103-105 Bath Road, Slough, Berkshire, GBR, SL1 3UH

Website

https://www.reckitt.com

Reckitt Benckiser was formed in 1999 through the merger of the British firm Reckitt & Colman and Dutch-based Benckiser. Recently rebranded under the corporate name Reckitt, it sells a portfolio that includes a variety of household and consumer health brands, such as Lysol, Finish, Durex, and Mucinex, many of which hold the number-one or -two positions in their categories globally. Reckitt has repositioned its portfolio and has entered the infant formula market through the acquisition of Mead Johnson in 2017, expanded its consumer health presence by acquiring Schiff Nutrition, K-Y, and Biofreeze, and has exited the food industry. The firm operates in 60 countries and sells products in more than 200, generating around 35% of sales from emerging markets.