Fresh Del Monte Produce (FRA:FDM) Interest Expense : €-20 Mil (TTM As of Mar. 2024)

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What is Fresh Del Monte Produce Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fresh Del Monte Produce's interest expense for the three months ended in Mar. 2024 was € -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-20 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. Fresh Del Monte Produce's Operating Income for the three months ended in Mar. 2024 was € 29 Mil. Fresh Del Monte Produce's Interest Expense for the three months ended in Mar. 2024 was € -5 Mil. Fresh Del Monte Produce's Interest Coverage for the quarter that ended in Mar. 2024 was 6.08. 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.

Fresh Del Monte Produce Interest Expense Historical Data

The historical data trend for Fresh Del Monte 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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Fresh Del Monte Produce Interest Expense Chart

Fresh Del Monte Produce Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-21.87

-17.02

-17.97

-23.03

-22.10

Fresh Del Monte Produce 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															-7.47	-6.00	-5.62	-3.30	-4.78

Fresh Del Monte 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-20 Mil.

Fresh Del Monte Produce (FRA:FDM) 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.

Fresh Del Monte Produce's Interest Expense for the three months ended in Mar. 2024 was €-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was €29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €497 Mil.

Fresh Del Monte Produce'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	*	29.072	/	-4.784
	=	6.08

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

Fresh Del Monte Produce (FRA:FDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fresh Del Monte Produce Inc (FRA:FDM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FDP:USA

Address

87 Mary Street, George Town, P.O. Box 698, 4th Floor, Apollo House, c/o H&C Corporate Services Ltd, Grand Cayman, CYM, KY1-1107

Website

https://www.freshdelmonte.com

Fresh Del Monte Produce Inc is an integrated producer, marketer & distributor of high-quality & fresh-cut fruit & vegetables. It operates in three segments, Fresh and value-added products segment, which includes pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit, other fruit and vegetables, avocados, and prepared foods, Banana segment & Other products and services segment, including the third-party freight & logistic services business & the Jordanian poultry and meats business. The majority is from the Fresh and value-added products segment. Geographically, it operates in North America, Europe, Asia, the Middle East, and Other, out of which the highest is from North America.