Grocery Outlet Holding (Grocery Outlet Holding) Interest Expense : $-23 Mil (TTM As of Dec. 2023)

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What is Grocery Outlet Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grocery Outlet Holding's interest expense for the three months ended in Dec. 2023 was $ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-23 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. Grocery Outlet Holding's Operating Income for the three months ended in Dec. 2023 was $ 19 Mil. Grocery Outlet Holding's Interest Expense for the three months ended in Dec. 2023 was $ -4 Mil. Grocery Outlet Holding's Interest Coverage for the quarter that ended in Dec. 2023 was 4.95. 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.

Grocery Outlet Holding Interest Expense Historical Data

The historical data trend for Grocery Outlet Holding'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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Grocery Outlet Holding Interest Expense Chart

Grocery Outlet Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-45.40

-19.36

-14.37

-19.09

-22.91

Grocery Outlet Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-6.49	-7.18	-5.95	-5.96	-3.82

Grocery Outlet Holding 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-23 Mil.

Grocery Outlet Holding (NAS:GO) 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.

Grocery Outlet Holding's Interest Expense for the three months ended in Dec. 2023 was $-4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,325 Mil.

Grocery Outlet Holding's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	18.926	/	-3.821
	=	4.95

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

Grocery Outlet Holding (Grocery Outlet Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Grocery Outlet Holding Corp (NAS:GO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

5650 Hollis Street, Emeryville, CA, USA, 94608

Website

https://www.groceryoutlet.com

Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible buying model allows them to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. The stores are run by Entrepreneurial independent operators which create a neighborhood feel through personalized customer service and a localized product offering.

Executives

Thomas F Herman	director	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Lindberg Eric J. Jr.	director, officer: Chief Executive Officer	C/O GROCERY OUTLET HOLDING CORP., 56560 HOLLIS STREET, EMERYVILLE CA 94608
Pamela B. Burke	officer: CAO, GC & Secretary	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Charles Bracher	officer: Chief Financial Officer	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Erik D. Ragatz	director	ONE MARITIME PLAZA, 12TH FLOOR, SAN FRANCISCO CA 94111
Luke D Thompson	officer: SVP, GC and Secretary	C/O GROCERY OUTLET HOLDING CORP, 5650 HOLLIS STREET, EMERYVILLE CA 94608
Calvin Chung	officer: See Remarks	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Sheedy Robert Joseph Jr.	officer: President	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Lindsay E. Gray	officer: VP Corporate Controller	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Steven K. Wilson	officer: SVP, Purchasing	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Andrea Renee Bortner	officer: Chief Human Resources Officer	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Jeffrey York	director	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Brian Mcandrews	officer: See Remarks	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Norman S Matthews	director	650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Read S. Macgregor Jr.	director, officer: Vice Chairman	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608