What is SunOpta Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SunOpta's interest expense for the
three
months ended in Dec. 2023 was $ -5.0 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-25.0 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. SunOpta's Operating Income for the
three
months ended in Dec. 2023 was $ 5.6 Mil. SunOpta's Interest Expense for the
three
months ended in Dec. 2023 was $ -5.0 Mil.
SunOpta's Interest Coverage for the quarter that ended in Dec. 2023 was 1.11.
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.
SunOpta 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-25.0 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.
SunOpta (NAS:STKL) 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.
SunOpta's Interest Expense for the
three
months ended in Dec. 2023 was $-5.0 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $5.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $339.0 Mil.
SunOpta's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
* 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.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. SunOpta Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
SunOpta (SunOpta) Business Description
Traded in Other Exchanges
Address
7078 Shady Oak Road, Eden Prairie, MN, USA, 55344
SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. The company's operating segment includes Plant-Based Foods and Beverages and Fruit-Based Foods and Beverages. It generates maximum revenue from the Plant-Based Foods and Beverages segment. Plant-Based Foods and Beverages include plant-based beverages and liquid and dry ingredients (utilizing almond, soy) as well as broths, teas, and nutritional beverages. Fruit-Based Foods and Beverages include individually quick frozen(IQF) fruit for retail(including strawberries, mango), IQF and bulk frozen fruit for foodservice (including purees, fruit cups, and smoothies), and custom fruit preparations for industrial use. Geographically, it derives a majority of revenue from the United States.
Executives
| Greg Gaba |
officer: Chief Financial Officer |
7078 SHADY OAK ROAD, EDEN PRAIRIE MN 55344 |
| Lovas Katrina Houde |
director |
9 SCHOLFIELD AVENUE, TORONTO, ONTARIO CANADA A6 00000 |
| Chad Hagen |
officer: Chief Customer Officer |
7078 SHADY OAK ROAD, EDEN PRAIRIE MN 55344 |
| Joseph Ennen |
director, officer: CEO |
SUNOPTA, 7301 OHMS LANE, SUITE 600, EDINA MN 55439 |
| Bryan P Clark |
officer: SVP Research Development & QA |
7078 SHADY OAK ROAD, EDEN PRAIRIE MN 55344 |
| Diego Reynoso |
director |
7078 SHADY OAK ROAD, EDEN PRAIRIE MN 55344 |
| Mike Buick |
officer: SVP, Beverage and Snack |
7301 OHMS LANE SUITE 600, EDINA MN 55439 |
| David Largey |
officer: Chief Quality Officer |
7301 OHMS LANE, SUITE 600, EDINA MN 55439 |
| Rebecca Fisher |
director |
837 DEWBERRY LANE, FAIRVIEW TX 75069 |
| Barend Reijn |
officer: General Manager of CPG Fruit |
7301 OHMS LANE, SUITE 600, EDINA MN 55439 |
| Jill Barnett |
officer: General Counsel |
SUNOPTA INC., 7301 OHMS LANE, SUITE 600, EDINA MN 55439 |
| Engaged Capital Llc |
10 percent owner |
610 NEWPORT CENTER DRIVE, SUITE 950, NEWPORT BEACH CA 92660 |
| Robert Duchscher |
officer: Chief Information Officer |
7301 OHMS LANE, SUITE 600, EDINA MN 55439 |
| Chris Whitehair |
officer: SVP, Operations |
7301 OHMS LANE SUITE 600, EDINA MN 55439 |
| Mahes Wickramasinghe |
director |
2334 MISSISSAUGA ROAD, MISSISSAUGA A6 L5H2L1 |
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