SHAK (Shake Shack) Interest Expense : $-2 Mil (TTM As of Sep. 2024)

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What is Shake Shack Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shake Shack's interest expense for the three months ended in Sep. 2024 was $ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-2 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. Shake Shack's Operating Income for the three months ended in Sep. 2024 was $ 15 Mil. Shake Shack's Interest Expense for the three months ended in Sep. 2024 was $ -0 Mil. Shake Shack's Interest Coverage for the quarter that ended in Sep. 2024 was 29.64. 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.

Shake Shack Interest Expense Historical Data

The historical data trend for Shake Shack'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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Shake Shack Interest Expense Chart

Shake Shack Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.43

-0.82

-1.58

-1.52

-1.72

Shake Shack Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.43	-0.48	-0.51	-0.53	-0.50

Shake Shack 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2 Mil.

Shake Shack (NYSE:SHAK) 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.

Shake Shack's Interest Expense for the three months ended in Sep. 2024 was $-0 Mil. Its Operating Income for the three months ended in Sep. 2024 was $15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $746 Mil.

Shake Shack's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	14.76	/	-0.498
	=	29.64

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

Shake Shack Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Shake Shack Inc (NYSE:SHAK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SHAK:Mexico 0L5R:UK 9SH:Germany

Address

225 Varick Street, Suite 301, New York, NY, USA, 10014

Website

https://www.shakeshack.com

Shake Shack Inc is a roadside burger stand. It is serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.

Executives

Katherine Irene Fogertey	officer: Chief Financial Officer	225 VARICK STREET, SUITE 301, NEW YORK NY 10014
Daniel Harris Meyer	director	24 UNION SQUARE EAST, SIXTH FLOOR, NEW YORK NY 10003
Jeffrey Flug	director	C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Chapman Charles J Iii	director	1502 HUNTER DRIVE, WAYZATA MN 55391
Zach Koff	officer: Chief Operating Officer	C/O SHAKE SHACK INC., 24 UNION SQUARE EAST, 5TH FLOOR, NEW YORK NY 10003
Jeffrey D Lawrence	director	30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Lori George Billingsley	director	777 HIDDEN RIDGE, IRVING TX 75038
Jenna Lyons	director	C/O J.CREW GROUP, INC., 770 BROADWAY, NEW YORK NY 10003
Randall J Garutti	director, officer: Chief Executive Officer	C/O SHAKE SHACK INC., 24 UNION SQUARE EAST, 5TH FLOOR, NEW YORK NY 10003
Tara Comonte	officer: CHIEF FINANCIAL OFFICER	C/O SHAKE SHACK INC., 24 UNION SQUARE EAST,5TH FLOOR, NEW YORK NY 10003
Tristan Walker	director	330 WEST 34TH STREET, NEW YORK NY 10001
Robert T Vivian	director	C/O SHAKE SHACK INC., 24 UNION SQUARE EAST, 5TH FLOOR, NEW YORK NY 10003
Sumaiya Balbale	director	697 CALMAR AVENUE, OAKLAND CA 94610
Select Equity Group, L.p.	director, other: See Remarks	380 LAFAYETTE STREET, 6TH FLOOR, NEW YORK NY 10003
Green Equity Investors Vi, L.p.	director, 10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025