Magazine Luiza (Magazine Luiza) Interest Expense : $-252 Mil (TTM As of Mar. 2024)

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What is Magazine Luiza Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magazine Luiza's interest expense for the three months ended in Mar. 2024 was $ -55 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-252 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. Magazine Luiza's Operating Income for the three months ended in Mar. 2024 was $ 65 Mil. Magazine Luiza's Interest Expense for the three months ended in Mar. 2024 was $ -55 Mil. Magazine Luiza's Interest Coverage for the quarter that ended in Mar. 2024 was 1.18. 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.

Magazine Luiza Interest Expense Historical Data

The historical data trend for Magazine Luiza'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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Magazine Luiza Interest Expense Chart

Magazine Luiza Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-50.85

-43.93

-70.32

-227.94

-264.43

Magazine Luiza Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-63.01	-66.63	-67.18	-63.74	-54.78

Magazine Luiza 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-252 Mil.

Magazine Luiza (OTCPK:MGLUD) 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.

Magazine Luiza's Interest Expense for the three months ended in Mar. 2024 was $-55 Mil. Its Operating Income for the three months ended in Mar. 2024 was $65 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,483 Mil.

Magazine Luiza's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	64.553	/	-54.783
	=	1.18

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

Magazine Luiza (Magazine Luiza) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Magazine Luiza SA (OTCPK:MGLUD) » Definitions » Interest Expense

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MGLU3:Brazil

Address

Rua Arnulfo de Lima, 2385 - Vila Santa Cruz, Franca, SP, BRA, 14403-471

Website

https://www.magazineluiza.com.br

Magazine Luiza SA is a retailing company in Brazil. Its core products are home appliances, personal electronics, and furniture, which are supplied through physical and virtual stores. Its operations include four segments, Retail segment, Financial operations, Insurance operations and Other services. The company derives maximum revenue from Retail segment.