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Grupo BimboB de CV (FRA:4GM) Interest Expense : €-608 Mil (TTM As of Jun. 2024)


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What is Grupo BimboB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grupo BimboB de CV's interest expense for the three months ended in Jun. 2024 was € -163 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-608 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. Grupo BimboB de CV's Operating Income for the three months ended in Jun. 2024 was € 440 Mil. Grupo BimboB de CV's Interest Expense for the three months ended in Jun. 2024 was € -163 Mil. Grupo BimboB de CV's Interest Coverage for the quarter that ended in Jun. 2024 was 2.70. 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.

Grupo BimboB de CV Interest Expense Historical Data

The historical data trend for Grupo BimboB de CV'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.

* Premium members only.

Grupo BimboB de CV Interest Expense Chart

Grupo BimboB de CV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -380.90 -369.93 -319.76 -351.72 -505.44

Grupo BimboB de CV Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -131.33 -150.40 -122.48 -171.83 -163.00

Grupo BimboB de CV 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 quarterly data reported by the company within the most recent 12 months, which was €-608 Mil.

* 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.

Grupo BimboB de CV  (FRA:4GM) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Grupo BimboB de CV's Interest Expense for the three months ended in Jun. 2024 was €-163 Mil. Its Operating Income for the three months ended in Jun. 2024 was €440 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was €7,955 Mil.

Grupo BimboB de CV'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*439.565/-162.999
=2.70

* 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.

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

Grupo BimboB de CV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grupo Bimbo SAB de CV (FRA:4GM) » Definitions » Interest Expense
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MEX:GRUMAB MEX:BAFARB MEX:KUOA MEX:HERDEZ MEX:MINSAB XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF HRL K MKC SGX:F34 SAU:2280
Traded in Other Exchanges
GRBMF:USA BMBOY:USA BIMBOA:Mexico 4GM:Germany
Address
Prolongacion Paseo, De la Reforma No 1000, Col. Pena Blanca Santa Fe, Delegacion Alvaro Obregon, Mexico, MEX, MEX, 01210
Website
http://www.grupobimbo.com
Grupo Bimbo SAB de CV is an international baking-products manufacturer. The company operates in over 22 countries throughout the Americas, Europe, and Asia. The firm's key product categories are packed bread, sweet baked goods, salty snacks, cookies, solutions (tortillas, pitas, wraps), prepacked foods, confectionery, and others. The key brands are Bimbo, Ideal, Ricolino, Oroweat, Arnold, Thomas, and Sara Lee. Grupo Bimbo has a large direct distribution network that allows the company to distribute products from its own plants (based in Uruguay, Rio de Janeiro, China, Santiago de Chile, and Argentina) to sales centers and warehouses.

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