KR (The Kroger Co) Interest Expense : $-393 Mil (TTM As of Oct. 2024)

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What is The Kroger Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Kroger Co's interest expense for the three months ended in Oct. 2024 was $ -86 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2024 was $-393 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. The Kroger Co's Operating Income for the three months ended in Oct. 2024 was $ 828 Mil. The Kroger Co's Interest Expense for the three months ended in Oct. 2024 was $ -86 Mil. The Kroger Co's Interest Coverage for the quarter that ended in Oct. 2024 was 9.63. 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.

The Kroger Co Interest Expense Historical Data

The historical data trend for The Kroger Co'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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The Kroger Co Interest Expense Chart

The Kroger Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-603.00

-544.00

-571.00

-535.00

-441.00

The Kroger Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Interest Expense	Get a 7-Day Free Trial															-94.00	-100.00	-123.00	-84.00	-86.00

The Kroger Co 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-393 Mil.

The Kroger Co (NYSE:KR) 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.

The Kroger Co's Interest Expense for the three months ended in Oct. 2024 was $-86 Mil. Its Operating Income for the three months ended in Oct. 2024 was $828 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2024 was $28,926 Mil.

The Kroger Co's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Oct. 2024 )	/	Interest Expense (Q: Oct. 2024 )
	=	-1	*	828	/	-86
	=	9.63

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

The Kroger Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » The Kroger Co (NYSE:KR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

1KR:Italy 0JS2:UK KOG:Germany KOG:Germany KR:Austria

Address

1014 Vine Street, Cincinnati, OH, USA, 45202

Website

https://www.thekrogerco.com

Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company boasts an ingrained presence in US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger's roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its 33 food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.

Executives

Valerie L. Jabbar	officer: Senior Vice President	THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Carin L Fike	officer: Vice President and Treasurer	1014 VINE STREET, CINCINNATI OH 45202
Todd A Foley	officer: Vice President and Treasurer	1014 VINE STREET, CINCINNATI OH 45202
Kenneth C Kimball	officer: Senior Vice President	C/O THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Timothy A Massa	officer: Group Vice President	1014 VINE STREET, CINCINNATI OH 45202
Mary Ellen Adcock	officer: Group Vice President	1014 VINE STREET, CINCINNATI OH 45202
Christine S Wheatley	officer: Group Vice President	1014 VINE STREET, CINCINNATI OH 45202
Stuart Aitken	officer: Group Vice President	C/O JOURNAL MEDIA GROUP, INC., 333 WEST STATE STREET, MILWAUKEE WI 53203
Yael Cosset	officer: Group Vice President	1014 VINE STREET, CINCINNATI OH 45202
Gary Millerchip	officer: Senior Vice President and CFO	1014 VINE STREET, CINCINNATI OH 45202
Calvin J Kaufman	officer: Group Vice President	THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Mark C Tuffin	officer: Senior Vice President	THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Elaine L. Chao	director	C/O DOLE FOOD COMPANY, INC., ONE DOLE DRIVE, WESTLAKE VILLAGE CA 91362
Michael Joseph Donnelly	officer: Senior Vice President
Susan J Kropf	director	C/O AVON PRODUCTS INC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105-0196