Carreras (XJAM:CAR) Interest Expense : JMD-19 Mil (TTM As of Mar. 2023)

View and export this data going back to 1969. Start your Free Trial

What is Carreras Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Carreras's interest expense for the six months ended in Mar. 2023 was JMD -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was JMD-19 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. Carreras's Operating Income for the six months ended in Mar. 2023 was JMD 4,917 Mil. Carreras's Interest Expense for the six months ended in Mar. 2023 was JMD -19 Mil. Carreras's Interest Coverage for the quarter that ended in Mar. 2023 was 253.22. 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.

Carreras Interest Expense Historical Data

The historical data trend for Carreras'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.

Carreras Interest Expense Chart

Carreras Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

Get a 7-Day Free Trial

-10.84

-16.79

-20.58

-18.37

-19.42

Carreras Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Interest Expense	Get a 7-Day Free Trial									-10.84	-16.79	-20.58	-18.37	-19.42

Carreras Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Mar. 2023 was JMD-19 Mil.

Carreras (XJAM:CAR) 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.

Carreras's Interest Expense for the six months ended in Mar. 2023 was JMD-19 Mil. Its Operating Income for the six months ended in Mar. 2023 was JMD4,917 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was JMD234 Mil.

Carreras's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	4917.069	/	-19.418
	=	253.22

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Carreras Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Carreras (XJAM:CAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Carreras Ltd (XJAM:CAR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

13A Ripon Road, Kingston, JAM, 5

Website

https://www.carrerasltd.com

Carreras Ltd is a marketer and distributor of cigarettes and tobacco-related products in Jamaica. The company markets and distributes various brands of cigarettes including Craven A and Matterhorn. The group's activities are limited to the distribution of cigarettes to Jamaican consumers, operating in a single segment.