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Grupo BimboB de CV (MEX:BIMBOA) Interest Expense : MXN-11,674 Mil (TTM As of Sep. 2024)


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What is Grupo BimboB de CV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grupo BimboB de CV's interest expense for the three months ended in Sep. 2024 was MXN -3,093 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was MXN-11,674 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. Grupo BimboB de CV's Operating Income for the three months ended in Sep. 2024 was MXN 9,359 Mil. Grupo BimboB de CV's Interest Expense for the three months ended in Sep. 2024 was MXN -3,093 Mil. Grupo BimboB de CV's Interest Coverage for the quarter that ended in Sep. 2024 was 3.03. 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.

Grupo BimboB de CV Interest Expense Historical Data

The historical data trend for Grupo BimboB de CV'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.

* Premium members only.

Grupo BimboB de CV Interest Expense Chart

Grupo BimboB de CV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7,982.00 -8,952.00 -7,412.00 -7,264.00 -9,356.00

Grupo BimboB de CV 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2,665.00 -2,267.19 -3,099.72 -3,214.38 -3,093.00

Grupo BimboB de CV 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 MXN-11,674 Mil.

* 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.

Grupo BimboB de CV  (MEX:BIMBOA) Interest Expense Explanation

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 higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Grupo BimboB de CV's Interest Expense for the three months ended in Sep. 2024 was MXN-3,093 Mil. Its Operating Income for the three months ended in Sep. 2024 was MXN9,359 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was MXN167,239 Mil.

Grupo BimboB de CV'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*9359/-3093
=3.03

* 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.

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

Grupo BimboB de CV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grupo Bimbo SAB de CV (MEX:BIMBOA) » Definitions » Interest Expense
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Traded in Other Exchanges
GRBMF:USA BMBOY:USA 4GM:Germany
Address
Prolongacion Paseo, De la Reforma No 1000, Col. Pena Blanca Santa Fe, Delegacion Alvaro Obregon, Mexico, MEX, MEX, 01210
Website
http://www.grupobimbo.com
Grupo Bimbo SAB de CV is an international baking-products manufacturer. The company operates in over 22 countries throughout the Americas, Europe, and Asia. The firm's key product categories are packed bread, sweet baked goods, salty snacks, cookies, solutions (tortillas, pitas, wraps), prepacked foods, confectionery, and others. The key brands are Bimbo, Ideal, Ricolino, Oroweat, Arnold, Thomas, and Sara Lee. Grupo Bimbo has a large direct distribution network that allows the company to distribute products from its plants (based in Uruguay, Rio de Janeiro, China, Santiago de Chile, and Argentina) to sales centers and warehouses.

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