CABGY (Carlsberg AS) Interest Expense : $-194 Mil (TTM As of Jun. 2024)

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What is Carlsberg AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carlsberg AS's interest expense for the six months ended in Jun. 2024 was $ -82 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-194 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. Carlsberg AS's Operating Income for the six months ended in Jun. 2024 was $ 876 Mil. Carlsberg AS's Interest Expense for the six months ended in Jun. 2024 was $ -82 Mil. Carlsberg AS's Interest Coverage for the quarter that ended in Jun. 2024 was 10.71. 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.

Carlsberg AS Interest Expense Historical Data

The historical data trend for Carlsberg AS'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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Carlsberg AS Interest Expense Chart

Carlsberg AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-114.39

-140.47

-98.16

-99.39

-163.14

Carlsberg AS Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-38.78	-60.52	-50.93	-111.93	-81.78

Carlsberg AS 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-194 Mil.

Carlsberg AS (OTCPK:CABGY) 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.

Carlsberg AS's Interest Expense for the six months ended in Jun. 2024 was $-82 Mil. Its Operating Income for the six months ended in Jun. 2024 was $876 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $4,441 Mil.

Carlsberg AS's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	875.591	/	-81.776
	=	10.71

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

Carlsberg AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Carlsberg AS (OTCPK:CABGY) » Definitions » Interest Expense

Traded in Other Exchanges

CABHF:USA CABJF:USA CARLBc:UK 0AI4:UK CARL B:Denmark CARL A:Denmark CBGB:Germany

Address

J.C. Jacobsens Gade 1, Copenhagen, DNK, 1799

Website

https://www.carlsberggroup.com

Carlsberg is the fourth-largest brewer in the world following the combination of Anheuser-Busch InBev and SABMiller, with major operations in Europe and Asia. It holds leading share in Scandinavia, Switzerland, Portugal, Laos, Nepal, and parts of western China. Its key brands include Carlsberg, 1664, Tuborg, Holsten, and Somersby. The company's 2023 beverage volume, excluding Russia, was split among Northern and Western Europe (35%), Eastern Europe (26%), and Asia (39%).