SNAX (Stryve Foods) Interest Expense: $-3.26 Mil (TTM As of Sep. 2024)


SNAX Stryve Foods Inc SNAX
16 GF Score
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What is Stryve Foods Interest Expense?

Stryve Foods SNAX 16 Interest Expense is $-3.26 Mil as of Sep. 2024. GuruFocus rates SNAX with a GF Score™ of 16/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Stryve Foods's interest expense for the three months ended in Sep. 2024 was $ -0.81 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-3.26 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. Stryve Foods's Operating Income for the three months ended in Sep. 2024 was $ -2.31 Mil. Stryve Foods's Interest Expense for the three months ended in Sep. 2024 was $ -0.81 Mil. Stryve Foods did not have earnings to cover the interest expense. 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.

Stryve Foods  (OTCPK:SNAX) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Stryve Foods's Interest Expense for the three months ended in Sep. 2024 was $-0.81 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-2.31 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $14.85 Mil.

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

Stryve Foods did not have earnings to cover the interest expense.

* 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.

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

Stryve Foods Interest Expense Historical Data

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The historical data trend for Stryve 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.

Stryve Foods Interest Expense Chart

Stryve Foods Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Expense
-3.30 -3.03 -0.90 -3.63

Stryve Foods Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.12 -1.15 -0.58 -0.73 -0.81
SNAX
16GF Score
Stryve Foods Inc SNAX
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Stryve 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.26 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-3.26 Mil mean?
Stryve Foods (SNAX) has a Interest Expense of $-3.26 Mil as of Sep. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Stryve Foods and its competitors.
Is Stryve Foods' Interest Expense too high?
Stryve Foods' current Interest Expense is $-3.26 Mil. Overall, Stryve Foods has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Stryve Foods' Interest Expense compare to BSFC and BDPT?
Stryve Foods' Interest Expense of $-3.26 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Consumer Packaged Goods company?
A good Interest Expense depends on the Consumer Packaged Goods industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Stryve Foods and its competitors. Stryve Foods's current Interest Expense is $-3.26 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stryve Foods stock overvalued right now?
Stryve Foods (SNAX) has a current Interest Expense of $-3.26 Mil. The current Interest Expense is $-3.26 Mil. Stryve Foods' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Stryve Foods (SNAX), the current Interest Expense is $-3.26 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Stryve Foods Business Description

Address Post Office Box 864, Frisco, TX, USA, 75034
Stryve Foods Inc is a healthy snacking company that manufactures, markets, and sells differentiated healthy snacking products. The company offers convenient snacks that are lower in sugar and carbohydrates and higher in protein than other snacks.
16GF Score

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