Parmalat SpA (Parmalat SpA) Interest Expense : $-22 Mil (TTM As of Jun. 2018)

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What is Parmalat SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Parmalat SpA's interest expense for the six months ended in Jun. 2018 was $ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2018 was $-22 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. Parmalat SpA's Operating Income for the six months ended in Jun. 2018 was $ 48 Mil. Parmalat SpA's Interest Expense for the six months ended in Jun. 2018 was $ -10 Mil. Parmalat SpA's Interest Coverage for the quarter that ended in Jun. 2018 was 4.68. 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.

Parmalat SpA Interest Expense Historical Data

The historical data trend for Parmalat SpA'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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Parmalat SpA Interest Expense Chart

Parmalat SpA Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Interest Expense

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-11.92

-12.70

-15.36

-19.20

-25.33

Parmalat SpA Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Interest Expense	Get a 7-Day Free Trial															-9.10	-10.65	-12.47	-12.19	-10.16

Parmalat SpA 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. 2018 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-22 Mil.

Parmalat SpA (GREY:PMLAY) 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.

Parmalat SpA's Interest Expense for the six months ended in Jun. 2018 was $-10 Mil. Its Operating Income for the six months ended in Jun. 2018 was $48 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2018 was $178 Mil.

Parmalat SpA's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2018 )	/	Interest Expense (Q: Jun. 2018 )
	=	-1	*	47.547	/	-10.164
	=	4.68

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

Parmalat SpA (Parmalat SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Parmalat SpA (GREY:PMLAY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via delle Nazioni Unite 4, Collecchio, ITA, 43044

Website

http://www.parmalat.com

Parmalat SpA primarily produces, markets, and distributes milk products and fruit-based drinks under a number of brand names such as Bern, Lactis, Gold, and Solac. The company's products are categorised into milk products such as fresh milk, milk powders, condensed milk and cream; cheese and other fresh products such as yogurt, desserts, and butter; and fruit beverages such as juices, nectars, and tea. The milk sales contribute the majority of the total revenue. Parmalat has operations throughout the world with five geographic operating segments: Europe, North America, Latin America, Africa, and Oceania. Among all the countries in which the firm operates, Italy contributes the vast majority of total sales.

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