Reynolds Consumer Products (FRA:3ZT) Interest Expense : €-129 Mil (TTM As of Mar. 2024)

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What is Reynolds Consumer Products Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reynolds Consumer Products's interest expense for the three months ended in Mar. 2024 was € -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-129 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. Reynolds Consumer Products's Operating Income for the three months ended in Mar. 2024 was € 83 Mil. Reynolds Consumer Products's Interest Expense for the three months ended in Mar. 2024 was € -23 Mil. Reynolds Consumer Products's Interest Coverage for the quarter that ended in Mar. 2024 was 3.60. 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.

Reynolds Consumer Products Interest Expense Historical Data

The historical data trend for Reynolds Consumer Products'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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Reynolds Consumer Products Interest Expense Chart

Reynolds Consumer Products Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-216.90

-54.25

-38.94

-73.63

-132.05

Reynolds Consumer Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-27.09	-28.61	-29.05	-48.60	-23.00

Reynolds Consumer Products 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-129 Mil.

Reynolds Consumer Products (FRA:3ZT) 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.

Reynolds Consumer Products's Interest Expense for the three months ended in Mar. 2024 was €-23 Mil. Its Operating Income for the three months ended in Mar. 2024 was €83 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,749 Mil.

Reynolds Consumer Products's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	82.8	/	-23
	=	3.60

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

Reynolds Consumer Products (FRA:3ZT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Reynolds Consumer Products Inc (FRA:3ZT) » Definitions » Interest Expense

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REYN:USA

Address

1900 W. Field Court, Lake Forest, IL, USA, 60045

Website

https://www.reynoldsconsumerproducts.com

Reynolds Consumer Products Inc is a provider of household products. The firm is engaged in the production and sales of cooking products, waste and storage products, and tableware. It operates through four reportable segments namely, Reynolds Cooking and Baking, Hefty Waste and Storage, Hefty Tableware, and Presto Products. Reynolds Cooking and Baking segment produce branded and store brand aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags and slow cooker liners.

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