GraceKennedy (TRN:GKC) Interest Expense : TTD-144 Mil (TTM As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is GraceKennedy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GraceKennedy's interest expense for the three months ended in Mar. 2024 was TTD -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was TTD-144 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. GraceKennedy's Operating Income for the three months ended in Mar. 2024 was TTD 87 Mil. GraceKennedy's Interest Expense for the three months ended in Mar. 2024 was TTD -20 Mil. GraceKennedy's Interest Coverage for the quarter that ended in Mar. 2024 was 4.31. 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.

GraceKennedy Interest Expense Historical Data

The historical data trend for GraceKennedy'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.

GraceKennedy Interest Expense Chart

GraceKennedy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-311.79

-354.75

-423.90

-104.58

-138.53

GraceKennedy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-14.94	-19.85	-18.08	-85.65	-20.17

GraceKennedy 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was TTD-144 Mil.

GraceKennedy (TRN:GKC) 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.

GraceKennedy's Interest Expense for the three months ended in Mar. 2024 was TTD-20 Mil. Its Operating Income for the three months ended in Mar. 2024 was TTD87 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was TTD1,439 Mil.

GraceKennedy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	86.98	/	-20.166
	=	4.31

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

GraceKennedy (TRN:GKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GraceKennedy Ltd (TRN:GKC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GK:Jamaica

Address

42-56 Harbour Street, Kingston, JAM

Website

https://www.gracekennedy.com

GraceKennedy Ltd engages in the food and financial services business. The company has four reportable segments namely Food Trading, Banking and Investments, Insurance and Money Services. The food Trading segment includes the processing and distribution of food products. It generates maximum revenue from the Food Trading segment. Geographically, it derives the majority revenue from Jamaica and also has a presence in the United Kingdom, the United States of America, Canada, Other Caribbean countries, Other European countries, Africa and Other Countries.

GraceKennedy (TRN:GKC) Headlines

No Headlines