Nomad Foods (Nomad Foods) Interest Expense : $-158 Mil (TTM As of Dec. 2023)

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What is Nomad Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nomad Foods's interest expense for the three months ended in Dec. 2023 was $ -58 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-158 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. Nomad Foods's Operating Income for the three months ended in Dec. 2023 was $ 93 Mil. Nomad Foods's Interest Expense for the three months ended in Dec. 2023 was $ -58 Mil. Nomad Foods's Interest Coverage for the quarter that ended in Dec. 2023 was 1.61. 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.

Nomad Foods Interest Expense Historical Data

The historical data trend for Nomad Foods'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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Nomad Foods Interest Expense Chart

Nomad Foods Annual Data

Trend

Dec14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-92.00

-81.14

-69.49

-87.50

-143.84

Nomad Foods 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															-37.08	-32.23	-40.30	-27.75	-57.80

Nomad Foods 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 $-158 Mil.

Nomad Foods (NYSE:NOMD) 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.

Nomad Foods's Interest Expense for the three months ended in Dec. 2023 was $-58 Mil. Its Operating Income for the three months ended in Dec. 2023 was $93 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,305 Mil.

Nomad Foods'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	*	92.803	/	-57.797
	=	1.61

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

Nomad Foods (Nomad Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nomad Foods Ltd (NYSE:NOMD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NOMD:Mexico 0NH:Germany

Address

No. 1 New Square, Bedfont Lakes Business Park, Feltham, Middlesex, GBR, TW14 8HA

Website

https://www.nomadfoods.com

Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, and ready meals. It sells its products primarily through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.