The Scotts Miracle Gro Co (The Scotts Miracle Gro Co) Interest Expense

: $-178 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Scotts Miracle Gro Co's interest expense for the three months ended in Dec. 2023 was $ -43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-178 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. The Scotts Miracle Gro Co's Operating Income for the three months ended in Dec. 2023 was $ -54 Mil. The Scotts Miracle Gro Co's Interest Expense for the three months ended in Dec. 2023 was $ -43 Mil. The Scotts Miracle Gro Co 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.

The Scotts Miracle Gro Co Interest Expense Historical Data

The historical data trend for The Scotts Miracle Gro Co'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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The Scotts Miracle Gro Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-101.80

-79.60

-78.90

-118.10

-178.10

The Scotts Miracle Gro Co 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															-42.70	-48.30	-47.10	-40.00	-42.80

The Scotts Miracle Gro Co 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 $-178 Mil.

The Scotts Miracle Gro Co (NYSE:SMG) 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.

The Scotts Miracle Gro Co's Interest Expense for the three months ended in Dec. 2023 was $-43 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-54 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,969 Mil.

The Scotts Miracle Gro Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

The Scotts Miracle Gro Co did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. The Scotts Miracle Gro Cos earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The Scotts Miracle Gro Co (The Scotts Miracle Gro Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » The Scotts Miracle Gro Co (NYSE:SMG) » Definitions » Interest Expense

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Traded in Other Exchanges

SCQA:Germany SCQA:Germany

Address

14111 Scottslawn Road, Marysville, OH, USA, 43041

Website

https://www.scottsmiraclegro.com

Scotts Miracle-Gro is the largest provider of gardening and lawncare products in the United States. The majority of the company's sales are to large retailers that include Home Depot, Lowe's, and Walmart. Scotts Miracle-Gro can sell its products at a higher price point than its competition because of a well-recognized portfolio of brands that include Miracle-Gro, Roundup, Ortho, Tomcat, and Scotts. Scotts is also the leading supplier of cannabis-growing equipment in North America through its Hawthorne business.

Executives

Nancy G. Mistretta	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Kelly Thomas N Jr	director	C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Hagedorn Partnerships L P	10 percent owner	SCOTTS MIRACLE-GRO PRODUCTS INC, 800 PORT WASHINGTON BLVD, PORT WASHINGTON NY 11050
James Hagedorn	director, 10 percent owner, officer: President and CEO	C/O SCOTTS CO, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Julie Demuesy	officer: SVP, CHIEF HUMAN RESOURCES	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Mark D Kingdon	director	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Stephen L Johnson	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Edith Aviles	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Dimiter Todorov	officer: EVP, GC & CORPORATE SECRETARY	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Matthew E Garth	officer: EVP & CFO	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
David C Evans	officer: EVP and CFO	C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Peter E Shumlin	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Brian E Sandoval	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
James D King	officer: EVP and CCO	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Gerald Volas	director	C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603