Sovos Brands (Sovos Brands) Interest Expense : $-43 Mil (TTM As of Dec. 2023)

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What is Sovos Brands Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sovos Brands's interest expense for the three months ended in Dec. 2023 was $ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-43 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. Sovos Brands's Operating Income for the three months ended in Dec. 2023 was $ 30 Mil. Sovos Brands's Interest Expense for the three months ended in Dec. 2023 was $ -17 Mil. Sovos Brands's Interest Coverage for the quarter that ended in Dec. 2023 was 1.81. 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.

Sovos Brands Interest Expense Historical Data

The historical data trend for Sovos Brands'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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Sovos Brands Interest Expense Chart

Sovos Brands Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-22.98

-19.90

-30.99

-28.90

-42.58

Sovos Brands Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-10.49	-8.70	-8.68	-8.62	-16.58

Sovos Brands 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 $-43 Mil.

Sovos Brands (NAS:SOVO) 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.

Sovos Brands's Interest Expense for the three months ended in Dec. 2023 was $-17 Mil. Its Operating Income for the three months ended in Dec. 2023 was $30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $495 Mil.

Sovos Brands'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	*	30.091	/	-16.58
	=	1.81

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

Sovos Brands (Sovos Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sovos Brands Inc (NAS:SOVO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Centennial Parkway, Suite 200, Louisville, CO, USA, 80027

Website

https://www.sovosbrands.com

Sovos Brands Inc is a food company in the United States. Its brands are Rao's, noosa, Birch Benders, and Michael Angelo's. Its Rao's products include our Rao's Homemade pasta sauces (including tomato-based sauces, Alfredo sauces, and Pesto sauces), pizza sauces, and dry pasta; Rao's Homestyle meat-based pasta sauces; and Rao's Made for Home frozen entrees and soups.

Executives

Todd R Lachman	director, officer: President and CEO
Isobel A Jones	officer: CLO, GC and Secretary	C/O DIAMOND FOODS, INC., 600 MONTGOMERY STREET, 13TH FLOOR, SAN FRANCISCO CA 94111
Christopher W. Hall	officer: Chief Financial Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Katie Gvazdinskas	officer: Chief Human Resources Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Kirk A. Jensen	officer: Chief Supply Chain Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Risa Cretella	officer: Executive Vice President	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Lisa Y. O'driscoll	officer: Chief Administrative Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Yuri Hermida	officer: Chief Growth Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Advent International Gp, Llc	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent International Corp/ma	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Jefferson M Case	director	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Neha Mathur	director	C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Robert L Graves	director	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Wendy K. Behr	officer: Chief R&D Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Priscilla Tuan	officer: Chief Marketing Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027