Olam Group (Olam Group) Interest Expense : $-837 Mil (TTM As of Jun. 2023)

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What is Olam Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Olam Group's interest expense for the six months ended in Jun. 2023 was $ -450 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-837 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. Olam Group's Operating Income for the six months ended in Jun. 2023 was $ 1,195 Mil. Olam Group's Interest Expense for the six months ended in Jun. 2023 was $ -450 Mil. Olam Group's Interest Coverage for the quarter that ended in Jun. 2023 was 2.65. 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.

Olam Group Interest Expense Historical Data

The historical data trend for Olam Group'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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Olam Group Interest Expense Chart

Olam Group Annual Data

Trend

Jun13

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-400.22

-464.05

-389.13

-389.02

-628.51

Olam Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-179.50	-213.46	-236.42	-386.42	-450.31

Olam Group 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-837 Mil.

Olam Group (OTCPK:OLMIY) 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.

Olam Group's Interest Expense for the six months ended in Jun. 2023 was $-450 Mil. Its Operating Income for the six months ended in Jun. 2023 was $1,195 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $8,869 Mil.

Olam Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	1194.972	/	-450.305
	=	2.65

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Olam Group Ltd interest coverage is 3.29, which is low.

Olam Group (Olam Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Olam Group Ltd (OTCPK:OLMIY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

OLGPF:USA VC2:Singapore K25:Germany

Address

7 Straits View, Marina One East Tower, No. 20-01, Singapore, SGP, 018936

Website

https://www.olamgroup.com

Olam Group Ltd sources, processes, packages, and sells agricultural commodities. The company's operating segments include Olam Food Ingredients; Olam Global Agri and Olam International Limited. It generates maximum revenue from the Olam Global Agri segment. Geographically, it derives a majority of its revenue from Asia, the Middle East and Australia. Some of its products include Cocoa, Coffee, Cotton, Nuts, and Spices.

Olam Group (Olam Group) Headlines

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Muddy Waters Snarky Letter to the CEO and Board of Olam International

By CanadianValue CanadianValue • 11-21-2012