INGR (Ingredion) Interest Expense : $-56 Mil (TTM As of Sep. 2024)

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What is Ingredion Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ingredion's interest expense for the three months ended in Sep. 2024 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-56 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. Ingredion's Operating Income for the three months ended in Sep. 2024 was $ 280 Mil. Ingredion's Interest Expense for the three months ended in Sep. 2024 was $ -1 Mil. Ingredion's Interest Coverage for the quarter that ended in Sep. 2024 was 280.00. 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.

Ingredion Interest Expense Historical Data

The historical data trend for Ingredion'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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Ingredion Interest Expense Chart

Ingredion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-81.00

-74.00

-99.00

-114.00

Ingredion Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-26.00	-26.00	-19.00	-10.00	-1.00

Ingredion 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-56 Mil.

Ingredion (NYSE:INGR) 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.

Ingredion's Interest Expense for the three months ended in Sep. 2024 was $-1 Mil. Its Operating Income for the three months ended in Sep. 2024 was $280 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1,741 Mil.

Ingredion's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	280	/	-1
	=	280.00

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

Ingredion Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ingredion Inc (NYSE:INGR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

INGR:Mexico CNP:Germany CNP:Germany

Address

5 Westbrook Corporate Center, Westchester, IL, USA, 60154

Website

https://www.ingredion.com

Ingredion is an ingredients provider for the food, beverage, brewing, and animal nutrition industries. The company processes corn, tapioca, potatoes, stevia, grains, fruits, gums, and vegetables into value-added ingredients. The company has two main product lines: specialty and core ingredients. Specialty ingredients includes starch-based texturizers, natural alternative sweeteners such as stevia, and plant proteins for alternative dairy and snacks. Core ingredients includes sweeteners, such as high-fructose corn syrup, and commodity starches, such as those used for sustainable packaging.

Executives

James D Gray	officer: Executive VP and CFO	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Larry Fernandes	officer: Sr VP and Chief Commercial Off	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Robert A. Ritchie	officer: SVP, Food & Industrial Ingred.	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
James P. Zallie	officer: Exec. VP & Pres, Global Ingred	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Jorge A. Uribe	director	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Valdirene Bastos-licht	officer: Sr. VP and Pres, Asia-Pacific	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Jinghuai Xu	officer: SVP, Chief Innovation Officer	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Davida Marie Gable	officer: VP, Controller & Global SS	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
David Eric Seip	officer: SVP, Global Ops & CSCO	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Patricia Verduin	director	ONE CONAGRA DRIVE, OMAHA NE 68102
Perez Y Landazuri Pierre	officer: SVP and President, EMEA	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Jorgen Kokke	officer: VP and GM, Asia-Pacific	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Charles V. Magro	director	C/O CORTEVA, INC., 974 CENTRE ROAD, CRP 735, WILMINGTON DE 19805
Nancy Wolfe	officer: SVP and Chief HR Officer	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60015
Jaeger De Foras Tanya Martina	officer: Chief Legal Officer, Corp. Sec	5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154