Nestle (XSWX:NESN) Interest Expense

: CHF-1,643 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. Nestle's interest expense for the six months ended in Dec. 2023 was CHF -792 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was CHF-1,643 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. Nestle's Operating Income for the six months ended in Dec. 2023 was CHF 8,100 Mil. Nestle's Interest Expense for the six months ended in Dec. 2023 was CHF -792 Mil. Nestle's Interest Coverage for the quarter that ended in Dec. 2023 was 10.23. 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.

Nestle Interest Expense Historical Data

The historical data trend for Nestle'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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Nestle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1,214.00

-983.00

-951.00

-1,249.00

-1,643.00

Nestle Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense																-508.00	-524.00	-725.00	-851.00	-792.00

Nestle 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 semi-annually data reported by the company within the most recent 12 months, which was CHF-1,643 Mil.

Nestle (XSWX:NESN) 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.

Nestle's Interest Expense for the six months ended in Dec. 2023 was CHF-792 Mil. Its Operating Income for the six months ended in Dec. 2023 was CHF8,100 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was CHF45,825 Mil.

Nestle'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	*	8100	/	-792
	=	10.23

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

Nestle (XSWX:NESN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nestle SA (XSWX:NESN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NSRGY:USA NSRGF:USA NESN:Mexico NESNz:UK 0QR4:UK NESM:Germany NESNE:Switzerland

Address

Avenue Nestle 55, Vevey, CHE, CH-1800

Website

https://www.nestle.com

With a 150-year-plus history, Nestle is the largest food and beverage manufacturer in the world by sales, generating more than CHF 90 billion in annual revenue. Its diverse product portfolio includes brands such as Nestle, Nescafe, Perrier, Pure Life, and Purina. Nestle also owns around 20% of French cosmetics firm L'Oreal. The company employs 275,000 people around the world and has a vast portfolio of global products, with more than 30 brands each achieving more than CHF 1 billion in sales annually and a geographic presence that spans almost 190 countries.

Nestle (XSWX:NESN) Headlines

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