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Remy Cointreau (WBO:RCO) Interest Expense : €-37 Mil (TTM As of Sep. 2024)


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What is Remy Cointreau Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Remy Cointreau's interest expense for the six months ended in Sep. 2024 was € -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-37 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. Remy Cointreau's Operating Income for the six months ended in Sep. 2024 was € 147 Mil. Remy Cointreau's Interest Expense for the six months ended in Sep. 2024 was € -17 Mil. Remy Cointreau's Interest Coverage for the quarter that ended in Sep. 2024 was 8.71. 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.

Remy Cointreau Interest Expense Historical Data

The historical data trend for Remy Cointreau'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.

Remy Cointreau Interest Expense Chart

Remy Cointreau Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.90 -12.30 -10.60 -12.00 -31.80

Remy Cointreau Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 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 Premium Member Only Premium Member Only -4.60 -7.40 -11.90 -19.90 -16.90

Remy Cointreau 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 semi-annually data reported by the company within the most recent 12 months, which was €-37 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.

Remy Cointreau  (WBO:RCO) 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.

Remy Cointreau's Interest Expense for the six months ended in Sep. 2024 was €-17 Mil. Its Operating Income for the six months ended in Sep. 2024 was €147 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was €512 Mil.

Remy Cointreau'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*147.2/-16.9
=8.71

* 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.

Remy Cointreau Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Remy Cointreau (WBO:RCO) » Definitions » Interest Expense
Comparable Companies
XPAR:SBT XPAR:LPE XPAR:MBWS XPAR:ALLAN XPAR:VRAP XPAR:ALAVI XPAR:MLCAC SHSE:600519 SZSE:000858 LSE:DGE SHSE:600809 XPAR:RI SZSE:000568 BF.B SZSE:002304 BOM:532432 SZSE:000596 SGX:Y92 SHSE:603369 MIL:CPR
Traded in Other Exchanges
REMYY:USA REMYF:USA 0MGU:UK RCOp:UK RCO:France RMC:Germany RMC:Germany
Address
Rue Joseph Pataa, Ancienne rue de la Champagne, Cognac, FRA, 16100
Website
https://www.remy-cointreau.com
Remy Cointreau is the world's second-largest distiller of cognac by volume, with a 15.8% global volume share in 2022, according to Euromonitor. Cognac represented 72% of Remy's sales and 90% of EBIT in the same year. The remainder of Remy's portfolio is made up of much smaller group-owned brands, including Cointreau orange liqueur, Metaxa Greek spirit, Mount Gay rum, Bruichladdich single malt scotch, The Botanist gin, Hautes Glaces French whiskey, and Westland American whiskey. The company also distributes third-party brands and, in 2023, entered the fragrance business. Remy is controlled by the Andromede family, which owns 41% equity interest and consolidates the business in the Andromede Group. The Cointreau family owns a further 27%, and 41% of the equity is free float.

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