Coles Group (Coles Group) Interest Expense : $-51 Mil (TTM As of Dec. 2023)

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What is Coles Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coles Group's interest expense for the six months ended in Dec. 2023 was $ -143 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-51 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. Coles Group's Operating Income for the six months ended in Dec. 2023 was $ 664 Mil. Coles Group's Interest Expense for the six months ended in Dec. 2023 was $ -143 Mil. Coles Group's Interest Coverage for the quarter that ended in Dec. 2023 was 4.66. 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.

Coles Group Interest Expense Historical Data

The historical data trend for Coles 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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Coles Group Interest Expense Chart

Coles Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-28.82

-30.37

-28.29

-23.19

-34.23

Coles Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial						-141.63	115.95	-126.18	91.28	-142.57

Coles 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 semi-annually data reported by the company within the most recent 12 months, which was $-51 Mil.

Coles Group (OTCPK:CLEGF) 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.

Coles Group's Interest Expense for the six months ended in Dec. 2023 was $-143 Mil. Its Operating Income for the six months ended in Dec. 2023 was $664 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $5,740 Mil.

Coles Group'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	*	663.989	/	-142.57
	=	4.66

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

Coles Group (Coles Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Coles Group Ltd (OTCPK:CLEGF) » Definitions » Interest Expense

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2OF:Germany COL:Australia

Address

800-838 Toorak Road, Hawthorn East, Melbourne, VIC, AUS, 3123

Website

https://www.colesgroup.com.au

Coles Group Limited is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and is the country's third-largest liquor retailer. The group has an extensive store network of about 2,500 store outlets and roughly 80% of Australian live within a 10-minute drive from their nearest Coles store. The retailer employs some 110,000 people, who process over 20 million individual customer transactions a week. This compares with Woolworths processing almost 30 million customer transactions per week from Australia's population of 25 million.