Mission Produce (FRA:5YM) Interest Expense : €-12.2 Mil (TTM As of Apr. 2024)

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What is Mission Produce Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mission Produce's interest expense for the three months ended in Apr. 2024 was € -3.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2024 was €-12.2 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. Mission Produce's Operating Income for the three months ended in Apr. 2024 was € 11.5 Mil. Mission Produce's Interest Expense for the three months ended in Apr. 2024 was € -3.2 Mil. Mission Produce's Interest Coverage for the quarter that ended in Apr. 2024 was 3.62. 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.

Mission Produce Interest Expense Historical Data

The historical data trend for Mission Produce'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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Mission Produce Interest Expense Chart

Mission Produce Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Interest Expense

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-9.31

-5.70

-3.19

-5.58

-10.99

Mission Produce Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Interest Expense	Get a 7-Day Free Trial															-2.46	-2.89	-3.13	-3.03	-3.17

Mission Produce 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 Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-12.2 Mil.

Mission Produce (FRA:5YM) 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.

Mission Produce's Interest Expense for the three months ended in Apr. 2024 was €-3.2 Mil. Its Operating Income for the three months ended in Apr. 2024 was €11.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2024 was €240.4 Mil.

Mission Produce's Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Apr. 2024 )	/	Interest Expense (Q: Apr. 2024 )
	=	-1	*	11.464	/	-3.169
	=	3.62

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

Mission Produce (FRA:5YM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Mission Produce Inc (FRA:5YM) » Definitions » Interest Expense

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AVO:USA

Address

2710 Camino Del Sol, Oxnard, CA, USA, 93030

Website

https://www.missionproduce.com

Mission Produce Inc is engaged in the business of producing and distributing avocados, serving retail, wholesale, and food service customers. Also, the company provides additional services like ripening, bagging, custom packing, and logistical management. The company's operating segments include Marketing and Distribution and International Farming and Blueberries. It generates maximum revenue from the Marketing and Distribution segment. The Marketing and Distribution segment sources fruit mainly from growers and then distributes fruit through a distribution network.

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