Cava Group (Cava Group) Interest Expense : $-0.0 Mil (TTM As of Dec. 2023)

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What is Cava Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cava Group's interest expense for the three months ended in Dec. 2023 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.0 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. Cava Group's Operating Income for the three months ended in Dec. 2023 was $ 2.9 Mil. Cava Group's Interest Expense for the three months ended in Dec. 2023 was $ 0.0 Mil. GuruFocus does not calculate Cava Group's interest coverage with the available data. 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.

Cava Group Interest Expense Historical Data

The historical data trend for Cava Group'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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Cava Group Interest Expense Chart

Cava Group Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-4.81

-0.05

Cava Group Quarterly Data
	Sep21	Dec21	Apr22	Sep22	Dec22	Apr23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial			-	0.22	-0.03	-	-

Cava Group 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 $-0.0 Mil.

Cava Group (NYSE:CAVA) 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.

Cava Group's Interest Expense for the three months ended in Dec. 2023 was $0.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $2.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $303.6 Mil.

Cava Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

GuruFocus does not calculate Cava Group's interest coverage with the available data.

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

Cava Group (Cava Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cava Group Inc (NYSE:CAVA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Ridge Square NW, Suite 500,, Washington, DC, USA, 20016

Website

https://www.cava.com

Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen.

Executives

Philippe Amouyal	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Jennifer Somers	officer: Chief Operations Officer	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Kenneth Robert Bertram	officer: CLO & Secretary	3404 CHOCO CHASE, MECHNICSBURG NY 17055
Tricia K. Tolivar	officer: Chief Financial Officer	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Todd Klein	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Theodoros Xenohristos	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Swan Hospitality 4 Llc	10 percent owner	108 LOUDOUN STREET SW, LEESBURG VA 20175
Act Iii Holdings Llc	10 percent owner	23 PRESCOTT STREET, BROOKLINE MA 02446
Adam David Phillips	officer: Chief Accounting Officer	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Benjamin Felt	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
David Bosserman	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Brett Schulman	director, 10 percent owner, officer: CEO and President	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Cava Act Iii Trust, Llc	10 percent owner	23 PRESCOTT STREET, BROOKLINE MA 02446
Cava Act Iii, Llc	10 percent owner	23 PRESCOTT STREET, BROOKLINE MA 02446
Todd D Klein	director	1717 RHODE ISLAND AVENUE, N.W., 10TH FLOOR, WASHINGTON DC 20036