GGGSY (Greggs) Interest Expense : $-13 Mil (TTM As of Jun. 2024)

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What is Greggs Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Greggs's interest expense for the six months ended in Jun. 2024 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-13 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. Greggs's Operating Income for the six months ended in Jun. 2024 was $ 96 Mil. Greggs's Interest Expense for the six months ended in Jun. 2024 was $ -2 Mil. Greggs's Interest Coverage for the quarter that ended in Jun. 2024 was 44.59. 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.

Greggs Interest Expense Historical Data

The historical data trend for Greggs'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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Greggs Interest Expense Chart

Greggs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.91

-9.81

-9.97

-9.14

-13.04

Greggs Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-3.94	-5.24	-2.15	-10.89	-2.16

Greggs 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 semi-annually data reported by the company within the most recent 12 months, which was $-13 Mil.

Greggs (OTCPK:GGGSY) 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.

Greggs's Interest Expense for the six months ended in Jun. 2024 was $-2 Mil. Its Operating Income for the six months ended in Jun. 2024 was $96 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $347 Mil.

Greggs'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	*	96.438	/	-2.163
	=	44.59

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

Greggs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Greggs PLC (OTCPK:GGGSY) » Definitions » Interest Expense

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Traded in Other Exchanges

GRGl:UK GRG:UK 41G1:Germany

Address

Greggs House, Quorum Business Park, Newcastle upon Tyne, GBR, NE12 8BU

Website

https://www.greggs.co.uk

Greggs PLC is a U.K.-based company that is principally engaged in manufacturing, distributing, and retailing bakery goods, sandwiches, and drinks under the Greggs brand. The company focuses on the food-on-the-go market. It has a vertically integrated supply network, with its bakeries & delivery network. Greggs operates in two segments: Company-managed retail activities which generates key revenue, and B2B channels. Its shops are located in retail & industrial parks, motorway service stations, and travel hubs, to meet the demands of busy customers.