Salada Foods Jamaica (XJAM:SALF) Interest Expense : JMD-2 Mil (TTM As of Sep. 2023)

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What is Salada Foods Jamaica Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Salada Foods Jamaica's interest expense for the three months ended in Sep. 2023 was JMD -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was JMD-2 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. Salada Foods Jamaica's Operating Income for the three months ended in Sep. 2023 was JMD 91 Mil. Salada Foods Jamaica's Interest Expense for the three months ended in Sep. 2023 was JMD -2 Mil. Salada Foods Jamaica's Interest Coverage for the quarter that ended in Sep. 2023 was 59.53. 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.

Salada Foods Jamaica Interest Expense Historical Data

The historical data trend for Salada Foods Jamaica'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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Salada Foods Jamaica Interest Expense Chart

Salada Foods Jamaica Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.16

-1.20

-0.84

-1.23

-0.73

Salada Foods Jamaica Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-4.65	-	-	-	-1.52

Salada Foods Jamaica 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 quarterly data reported by the company within the most recent 12 months, which was JMD-2 Mil.

Salada Foods Jamaica (XJAM:SALF) 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.

Salada Foods Jamaica's Interest Expense for the three months ended in Sep. 2023 was JMD-2 Mil. Its Operating Income for the three months ended in Sep. 2023 was JMD91 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was JMD0 Mil.

Salada Foods Jamaica'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	*	90.663	/	-1.523
	=	59.53

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

Good Sign:

Salada Foods Jamaica Ltd has no debt.

Salada Foods Jamaica (XJAM:SALF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Salada Foods Jamaica Ltd (XJAM:SALF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Bell Road, P.O. Box 71, Kingston, JAM, 11

Website

https://www.saladafoodsja.com

Salada Foods Jamaica Ltd is engaged in the manufacture and sale of instant coffee and roasted and ground coffee beans and other consumer products. Its products include Jamaica Mountain Peak an Instant Coffee prepared from freshly roasted and ground Arabica Beans from which the solubles are extracted and spray-driedIt has two geographic segments Local and Export, and the majority of the revenue comes from the Local.

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