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Darden Restaurants (FRA:DDN) Interest Expense : €-135 Mil (TTM As of Aug. 2024)


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What is Darden Restaurants Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Darden Restaurants's interest expense for the three months ended in Aug. 2024 was € -34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was €-135 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. Darden Restaurants's Operating Income for the three months ended in Aug. 2024 was € 245 Mil. Darden Restaurants's Interest Expense for the three months ended in Aug. 2024 was € -34 Mil. Darden Restaurants's Interest Coverage for the quarter that ended in Aug. 2024 was 7.28. 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.

Darden Restaurants Interest Expense Historical Data

The historical data trend for Darden Restaurants'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.

Darden Restaurants Interest Expense Chart

Darden Restaurants Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -57.04 -53.66 -66.79 -81.97 -132.46

Darden Restaurants Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 -27.24 -34.28 -33.84 -32.75 -33.65

Darden Restaurants 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-135 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.

Darden Restaurants  (FRA:DDN) 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.

Darden Restaurants's Interest Expense for the three months ended in Aug. 2024 was €-34 Mil. Its Operating Income for the three months ended in Aug. 2024 was €245 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2024 was €4,555 Mil.

Darden Restaurants's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Aug. 2024 )/Interest Expense (Q: Aug. 2024 )
=-1*245.071/-33.65
=7.28

* 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.

Darden Restaurants Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Darden Restaurants Inc (FRA:DDN) » Definitions » Interest Expense
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Traded in Other Exchanges
DRI:USA 0I77:UK DDN:Germany
Address
1000 Darden Center Drive, Orlando, FL, USA, 32837
Website
https://www.darden.com
Darden Restaurants is the largest restaurant operator in the us full-service space, with consolidated revenue of $11.4 billion in fiscal 2024 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2024, the company operated 2,031 restaurants in the us.

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