Greenyard NV (XBRU:GREEN) Interest Expense : €-52 Mil (TTM As of Sep. 2023)

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What is Greenyard NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Greenyard NV's interest expense for the six months ended in Sep. 2023 was € -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was €-52 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. Greenyard NV's Operating Income for the six months ended in Sep. 2023 was € 32 Mil. Greenyard NV's Interest Expense for the six months ended in Sep. 2023 was € -27 Mil. Greenyard NV's Interest Coverage for the quarter that ended in Sep. 2023 was 1.21. 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.

Greenyard NV Interest Expense Historical Data

The historical data trend for Greenyard NV'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.

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Greenyard NV Interest Expense Chart

Greenyard NV Annual Data

Trend

Mar14

Mar15

Mar16

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Mar19

Mar20

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Mar22

Mar23

Interest Expense

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-31.03

-47.17

-37.33

-27.05

-39.81

Greenyard NV Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-13.69	-13.36	-14.62	-25.19	-26.89

Greenyard NV 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-52 Mil.

Greenyard NV (XBRU:GREEN) 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.

Greenyard NV's Interest Expense for the six months ended in Sep. 2023 was €-27 Mil. Its Operating Income for the six months ended in Sep. 2023 was €32 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was €527 Mil.

Greenyard NV's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	32.443	/	-26.892
	=	1.21

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. Greenyard NVs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Greenyard NV (XBRU:GREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Greenyard NV (XBRU:GREEN) » Definitions » Interest Expense

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2P1:Germany

Address

Strijbroek 10, Sint-Katelijne-Waver, BEL, BE-2860

Website

https://www.greenyard.group

Greenyard NV is a Belgium-based company that operates as a processor of field-fresh fruits and vegetables. It produces and supplies food products with a long shelf-life. The company's business is split into two segments, Fresh and Long Fresh. Fresh is mainly active in fresh products, fruit, and vegetables, flowers and plants, and logistics of fresh produce. There are two divisions in the Long Fresh segment, Frozen, and Prepared activities. Produce is frozen immediately after harvesting and preparation. At Prepared, it includes freshly preserved fruit, vegetables, mushrooms, and other ambient food products. The company's majority share of revenue is generated from Fresh products.

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