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Lowe's (WBO:LOWE) Interest Expense : €-1,367 Mil (TTM As of Jan. 2024)


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What is Lowe's Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lowe's's interest expense for the three months ended in Jan. 2024 was € -341 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was €-1,367 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. Lowe's's Operating Income for the three months ended in Jan. 2024 was € 1,550 Mil. Lowe's's Interest Expense for the three months ended in Jan. 2024 was € -341 Mil. Lowe's's Interest Coverage for the quarter that ended in Jan. 2024 was 4.54. 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.

Lowe's Interest Expense Historical Data

The historical data trend for Lowe's'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.

Lowe's Interest Expense Chart

Lowe's Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -646.92 -715.91 -792.95 -1,076.48 -1,361.39

Lowe's Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Interest Expense Get a 7-Day Free Trial 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 -312.74 -332.88 -339.90 -352.28 -341.50

Lowe's 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1,367 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.

Lowe's  (WBO:LOWE) 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.

Lowe's's Interest Expense for the three months ended in Jan. 2024 was €-341 Mil. Its Operating Income for the three months ended in Jan. 2024 was €1,550 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was €35,913 Mil.

Lowe's's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jan. 2024 )/Interest Expense (Q: Jan. 2024 )
=-1*1549.584/-341.496
=4.54

* 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.

Lowe's (WBO:LOWE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lowe's Companies Inc (WBO:LOWE) » Definitions » Interest Expense
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Address
1000 Lowes Boulevard, Mooresville, NC, USA, 28117
Website
https://www.lowes.com
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a low-double-digit share of the domestic home improvement market, based on U.S. Census data and management's market size estimates.

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