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Molson Coors Beverage Co (NYSE:TAP) Interest Expense

: $-242 Mil (TTM As of Mar. 2023)
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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Molson Coors Beverage Co's interest expense for the three months ended in Mar. 2023 was $ -59 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-242 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. Molson Coors Beverage Co's Operating Income for the three months ended in Mar. 2023 was $ 156 Mil. Molson Coors Beverage Co's Interest Expense for the three months ended in Mar. 2023 was $ -59 Mil. Molson Coors Beverage Co's Interest Coverage for the quarter that ended in Mar. 2023 was 2.63. 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.


Molson Coors Beverage Co Interest Expense Historical Data

The historical data trend for Molson Coors Beverage 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.

* Premium members only.

Molson Coors Beverage Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -306.20 -280.90 -274.60 -260.30 -250.60

Molson Coors Beverage Co Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -63.30 -66.60 -58.70 -57.70 -59.10

Molson Coors Beverage 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-242 Mil.

* 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.


Molson Coors Beverage Co  (NYSE:TAP) Interest Expense Explanation

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 higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Molson Coors Beverage Co's Interest Expense for the three months ended in Mar. 2023 was $-59 Mil. Its Operating Income for the three months ended in Mar. 2023 was $156 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $6,178 Mil.

Molson Coors Beverage Co's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2023 )/Interest Expense (Q: Mar. 2023 )
=-1*155.7/-59.1
=2.63

* 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.

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


Molson Coors Beverage Co (NYSE:TAP) Business Description

Molson Coors Beverage Co logo
Traded in Other Exchanges
Address
NH353, P.O. Box 4030, Golden, CO, USA, 80401
Molson Coors is the fifth-largest beer producer globally, boasting top-two positioning in the U.S., Canada, and United Kingdom. It brews and markets a slew of company-owned brands including Blue Moon, Coors, Miller, Vizzy, and Staropramen. It also sells various partner brands in certain locales, including Topo Chico (licensed from Coca-Cola), Amstel and Dos Equis in Canada (through an exclusive import/license arrangement with Heineken), and Corona in Central Europe (through an agreement with Anheuser-Busch InBev). The firm's go-to-market approach differs by geography as well, primarily using independent distributors in the U.S. but deploying hybrid models in Canada and Europe.
Executives
Williams Leroy James Jr director 10 LONGS PEAK DRIVE, BROOMFIELD CO 80021-2510
Anne-marie W D'angelo officer: Chief Legal & Govt Affairs Off 801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Julia M Brown director C/O ABLE BRANDS CO., 30 HUDSON YARDS, NEW YORK NY 10001
Roxanne Stelter officer: VP,Controller & Chf Acct Off 3939 W HIGHLAND BLVD, MILWAUKEE WI 53208
Winnefeld James A Jr director 870 WINTER STREET, WALTHAM MA 02451
David S. Coors director P.O. BOX 4030, NH353, GOLDEN CO 80401
Nessa O'sullivan director P.O. BOX 4030, NH353, GOLDEN CO 80401
Peter John Marino officer: President of Emerging Growth 250 SOUTH WACKER DRIVE, CHICAGO IL 60606
Jacques Michelle St. officer: Chief Marketing Officer 250 SOUTH WACKER DRIVE, CHICAGO IL 60606
E. Lee Reichert officer: Chief Legal & Corp Affairs Off 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Sergey Yeskov officer: Pres&CEO, Molson Coors Int'l 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Tracey Joubert officer: Chief Financial Officer 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Frederic Landtmeters officer: Pres&CEO, Molson Coors Canada 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Michelle Nettles officer: Chief People&Diversity Off MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Betty K Devita director 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202

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