Mead Johnson Nutrition Co (FRA:0MJA) Interest Expense : €-110 Mil (TTM As of Mar. 2017)

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What is Mead Johnson Nutrition Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mead Johnson Nutrition Co's interest expense for the three months ended in Mar. 2017 was € -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2017 was €-110 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. Mead Johnson Nutrition Co's Operating Income for the three months ended in Mar. 2017 was € 145 Mil. Mead Johnson Nutrition Co's Interest Expense for the three months ended in Mar. 2017 was € -29 Mil. Mead Johnson Nutrition Co's Interest Coverage for the quarter that ended in Mar. 2017 was 5.04. 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.

Mead Johnson Nutrition Co Interest Expense Historical Data

The historical data trend for Mead Johnson Nutrition Co'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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Mead Johnson Nutrition Co Interest Expense Chart

Mead Johnson Nutrition Co Annual Data

Trend

Dec07

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Dec16

Interest Expense

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-54.03

-43.22

-56.69

-68.48

-112.53

Mead Johnson Nutrition Co Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Interest Expense	Get a 7-Day Free Trial															-26.04	-26.26	-26.55	-28.82	-28.80

Mead Johnson Nutrition Co 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 Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was €-110 Mil.

Mead Johnson Nutrition Co (FRA:0MJA) 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.

Mead Johnson Nutrition Co's Interest Expense for the three months ended in Mar. 2017 was €-29 Mil. Its Operating Income for the three months ended in Mar. 2017 was €145 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2017 was €2,780 Mil.

Mead Johnson Nutrition Co's Interest Coverage for the quarter that ended in Mar. 2017 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2017 )	/	Interest Expense (Q: Mar. 2017 )
	=	-1	*	145.018	/	-28.798
	=	5.04

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

Mead Johnson Nutrition Co (FRA:0MJA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mead Johnson Nutrition Co (FRA:0MJA) » Definitions » Interest Expense

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Address

Website

http://www.meadjohnson.com

Mead Johnson Nutrition makes, distributes, and markets pediatric nutrition products worldwide under a variety of brands, including Enfamil, its largest label, along with Sustagen, Enfagrow, and Nutramigen. Infant formula represented 59% of 2015 sales and children's nutrition 39%, with expectant and nursing mother nutrition and pediatric vitamins comprising the remainder. The company sells its products globally; 73% of sales were generated outside the United States in 2015. At about 30% of revenue, China is the company's largest market.

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