CCEP (Coca-Cola Europacific Partners) Interest Expense : $-213 Mil (TTM As of Jun. 2024)

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What is Coca-Cola Europacific Partners Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coca-Cola Europacific Partners's interest expense for the six months ended in Jun. 2024 was $ -139 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-213 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. Coca-Cola Europacific Partners's Operating Income for the six months ended in Jun. 2024 was $ 1,229 Mil. Coca-Cola Europacific Partners's Interest Expense for the six months ended in Jun. 2024 was $ -139 Mil. Coca-Cola Europacific Partners's Interest Coverage for the quarter that ended in Jun. 2024 was 8.85. 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.

Coca-Cola Europacific Partners Interest Expense Historical Data

The historical data trend for Coca-Cola Europacific Partners'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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Coca-Cola Europacific Partners Interest Expense Chart

Coca-Cola Europacific Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-152.22

-145.99

-172.88

-171.61

-176.66

Coca-Cola Europacific Partners 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															-98.31	-73.09	-101.84	-74.16	-138.86

Coca-Cola Europacific Partners 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 $-213 Mil.

Coca-Cola Europacific Partners (NAS:CCEP) 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.

Coca-Cola Europacific Partners's Interest Expense for the six months ended in Jun. 2024 was $-139 Mil. Its Operating Income for the six months ended in Jun. 2024 was $1,229 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $10,905 Mil.

Coca-Cola Europacific Partners'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	*	1229.279	/	-138.859
	=	8.85

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

Coca-Cola Europacific Partners Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Europacific Partners PLC (NAS:CCEP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CCEP:Netherlands CCEP:Mexico CCEPa:UK CCEP:UK CCEP:Spain CK0:Germany CK0:Germany

Address

Bakers Road, Pemberton House, Uxbridge, GBR, UB8 1EZ

Website

https://www.cocacolaep.com

CCEP is the second-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa, and primarily operates in developed Europe (80% of 2023 revenue and EBIT) and Australasia (20%).In 2023, CCEP sold 3.3 billion unit cases of beverages, which we estimate equates to roughly 9% of the global Coke system volume. Coke's largest bottler, Coca-Cola Femsa sold 4 billion unit cases (12%), and the third-largest, Coca-Cola HBC, serving Eastern Europe and North Africa, sold 2.8 billion unit cases (8%).TCCC owns 19% of the equity of CCEP, Olive Partners, a holding company of bottling operations, owns a further 36%, and the remaining 45% is free float.