PTVE (Pactiv Evergreen) Interest Expense : $-238 Mil (TTM As of Dec. 2024)

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What is Pactiv Evergreen Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pactiv Evergreen's interest expense for the three months ended in Dec. 2024 was $ -62 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-238 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. Pactiv Evergreen's Operating Income for the three months ended in Dec. 2024 was $ 135 Mil. Pactiv Evergreen's Interest Expense for the three months ended in Dec. 2024 was $ -62 Mil. Pactiv Evergreen's Interest Coverage for the quarter that ended in Dec. 2024 was 2.18. 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.

Pactiv Evergreen Interest Expense Historical Data

The historical data trend for Pactiv Evergreen'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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Pactiv Evergreen Interest Expense Chart

Pactiv Evergreen Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-293.00

-164.00

-222.00

-261.00

-238.00

Pactiv Evergreen Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-64.00	-60.00	-60.00	-56.00	-62.00

Pactiv Evergreen 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-238 Mil.

Pactiv Evergreen (NAS:PTVE) 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.

Pactiv Evergreen's Interest Expense for the three months ended in Dec. 2024 was $-62 Mil. Its Operating Income for the three months ended in Dec. 2024 was $135 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $3,418 Mil.

Pactiv Evergreen's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	135	/	-62
	=	2.18

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

Pactiv Evergreen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pactiv Evergreen Inc (NAS:PTVE) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

1900 West Field Court, Lake Forest, IL, USA, 60045

Website

https://www.pactivevergreen.com

Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh foodservice and food merchandising products and fresh beverage cartons. It operates in two segments: Foodservice; and Food and Beverage Merchandising. These segments manufacture products such as food containers, drinkware, tableware, service ware, ready-to-eat food containers, clear rigid-display containers, trays for meat and poultry, molded fiber egg cartons, printed cartons, spouts & filling machines, and other products. It generates the majority of its revenue from Food and Beverage Merchandising. The company's geographical segments are the United States, the Rest of North America, and Others, of which the vast majority of its revenue comes from the United States.

Executives

Allen Hugli	director	C/O RANK GROUP, LEVEL II, 148 QUAY ST, AUCKLAND Q2 00000
Duncan Hawkesby	director	C/O PACTIV EVERGREEN INC., 1900 W. FIELD COURT, LAKE FOREST IL 60045
Tim A. Levenda	officer: President, Foodservice	1900 W. FIELD COURT, LAKE FOREST IL 60045
Jonathan Baksht	officer: Chief Financial Officer	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Eric Wulf	officer: President, Food Merchandising	1900 W. FIELD COURT, LAKE FOREST IL 60045
Chandra J Mitchell	officer: Chief Legal Officer & Sec.	C/O 7 ACQUISITION CORPORATION, 750 EAST MAIN STREET, SUITE 600, STAMFORD CT 06902
Douglas Owenby	officer: Chief Operations Officer	C/O PACTIV EVERGREEN INC, 1900 W FIELD COURT, LAKE FOREST IL 60045
Byron Jason Racki	officer: Pres., Beverage Merchandising	3460 PRESTON RIDGE ROAD, SUITE 600, ALPHARETTA GA 30005
Michael Jack King	director	1900 W. FIELD COURT, LAKE FOREST IL 60045
Rolf Stangl	director	1900 W. FIELD COURT, LAKE FOREST IL 60045
John P. Rooney	officer: Pres, Beverage Merchandising	1900 W. FIELD COURT, LAKE FOREST IL 60045
Michael Ragen	officer: COO and CFO	1900 W. FIELD COURT, LAKE FOREST IL 60045
Jonathan D Rich	director	1144 EAST MARKET STREET, AKRON OH 44316-0001
John T. Mcgrath	director, officer: Chief Executive Officer	1900 W. FIELD COURT, LAKE FOREST IL 60045
Felicia D Thornton	director	250 PARKCENTER BLVD PO BOX 20, BOISE ID 83726