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JM Smucker Co (STU:JM2) Interest Expense : €-365 Mil (TTM As of Oct. 2024)


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What is JM Smucker Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. JM Smucker Co's interest expense for the three months ended in Oct. 2024 was € -91 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2024 was €-365 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. JM Smucker Co's Operating Income for the three months ended in Oct. 2024 was € 405 Mil. JM Smucker Co's Interest Expense for the three months ended in Oct. 2024 was € -91 Mil. JM Smucker Co's Interest Coverage for the quarter that ended in Oct. 2024 was 4.47. 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.

JM Smucker Co Interest Expense Historical Data

The historical data trend for JM Smucker Co'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.

* Premium members only.

JM Smucker Co Interest Expense Chart

JM Smucker Co Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -174.06 -148.06 -148.99 -138.62 -246.33

JM Smucker Co Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 Premium Member Only Premium Member Only -33.24 -91.62 -90.68 -92.57 -90.61

JM Smucker Co 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-365 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.

JM Smucker Co  (STU:JM2) 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.

JM Smucker Co's Interest Expense for the three months ended in Oct. 2024 was €-91 Mil. Its Operating Income for the three months ended in Oct. 2024 was €405 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2024 was €6,329 Mil.

JM Smucker Co's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Oct. 2024 )/Interest Expense (Q: Oct. 2024 )
=-1*405.022/-90.607
=4.47

* 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.

JM Smucker Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » JM Smucker Co (STU:JM2) » Definitions » Interest Expense
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PPC CAG LW CPB BRBR INGR FRPT HRL POST DAR XSWX:NESN XPAR:BN KHC GIS SHSE:603288 K NSE:NESTLEIND SHSE:600887 SZSE:300999 MKC
Traded in Other Exchanges
SJM:USA 0L7F:UK JM2:Germany S1JM34:Brazil
Address
One Strawberry Lane, Orrville, OH, USA, 44667-0280
Website
https://www.jmsmucker.com
J.M. Smucker is a packaged food company that primarily sells through the US retail channel (78% of fiscal 2024 revenue came through its retail pet foods, coffee, and frozen handheld/spreads segments), with the remaining share consisting of Hostess and international (primarily Canada). Retail coffee is its largest category (33% of sales) with brands Folgers and Dunkin'. Pet foods (22% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from consumer foods, primarily peanut butter and jelly, through brands Jif and Smucker's. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.

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