Remy Cointreau (Remy Cointreau) Interest Expense

: $-21 Mil (TTM As of Sep. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Remy Cointreau's interest expense for the six months ended in Sep. 2023 was $ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-21 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. Remy Cointreau's Operating Income for the six months ended in Sep. 2023 was $ 180 Mil. Remy Cointreau's Interest Expense for the six months ended in Sep. 2023 was $ -13 Mil. Remy Cointreau's Interest Coverage for the quarter that ended in Sep. 2023 was 14.33. 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.

Remy Cointreau Interest Expense Historical Data

The historical data trend for Remy Cointreau'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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Remy Cointreau Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-21.36

-14.25

-14.64

-11.67

-12.85

Remy Cointreau Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-6.47	-5.62	-4.55	-7.92	-12.59

Remy Cointreau 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-21 Mil.

Remy Cointreau (OTCPK:REMYF) 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.

Remy Cointreau's Interest Expense for the six months ended in Sep. 2023 was $-13 Mil. Its Operating Income for the six months ended in Sep. 2023 was $180 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $738 Mil.

Remy Cointreau's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	180.47	/	-12.593
	=	14.33

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

Remy Cointreau (Remy Cointreau) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Remy Cointreau (OTCPK:REMYF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

REMYY:USA 0MGU:UK RCOp:UK RCO:France RMC:Germany

Address

Rue Joseph Pataa, Cognac, FRA, 16100

Website

https://www.remy-cointreau.com

Remy Cointreau is the world's second-largest distiller of cognac by volume, with a 15.8% global volume share in 2022, according to Euromonitor. Cognac represented 72% of Remy's sales and 90% of EBIT in the same year. The remainder of Remy's portfolio is made up of much smaller group-owned brands, including Cointreau orange liqueur, Metaxa Greek spirit, Mount Gay rum, Bruichladdich single malt scotch, The Botanist gin, Hautes Glaces French whiskey, and Westland American whiskey. The company also distributes third-party brands and in 2023 entered the fragrance business. Remy is controlled by the Andromede family, which owns 41% equity interest and consolidates the business in the Andromede Group. The Cointreau family owns a further 27%, and 41% of the equity is free float.

Remy Cointreau (Remy Cointreau) Headlines

From GuruFocus

Remy-Cointreau a Great Company but Expensive Stock

By Holmes Osborne, CFA Holmes Osborne, CFA • 04-18-2016