Glanbia (Glanbia) Interest Expense : $-19 Mil (TTM As of Dec. 2023)

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What is Glanbia Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Glanbia's interest expense for the six months ended in Dec. 2023 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-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. Glanbia's Operating Income for the six months ended in Dec. 2023 was $ 176 Mil. Glanbia's Interest Expense for the six months ended in Dec. 2023 was $ -8 Mil. Glanbia's Interest Coverage for the quarter that ended in Dec. 2023 was 21.00. 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.

Glanbia Interest Expense Historical Data

The historical data trend for Glanbia'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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Glanbia Interest Expense Chart

Glanbia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-34.63

-27.79

-19.59

-20.30

-19.20

Glanbia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-7.13	-9.60	-10.70	-10.80	-8.40

Glanbia 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-19 Mil.

Glanbia (OTCPK:GLAPY) 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.

Glanbia's Interest Expense for the six months ended in Dec. 2023 was $-8 Mil. Its Operating Income for the six months ended in Dec. 2023 was $176 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $643 Mil.

Glanbia's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	176.4	/	-8.4
	=	21.00

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

Glanbia (Glanbia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Glanbia PLC (OTCPK:GLAPY) » Definitions » Interest Expense

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Traded in Other Exchanges

GLAPF:USA GL9:Ireland GLB:UK

Address

Ring Road, Glanbia House, Kilkenny, IRL, R95 E866

Website

https://www.glanbia.com

Meaning "pure food" in Irish, Glanbia is a global ingredient and branded performance nutrition manufacturer present in 32 countries with sales in 130 countries and over 7,500 employees. Originating in Ireland in the 1960s in the dairy processing industry, predecessor companies were initially listed in 1988 before Glanbia came into being in 1999. Production facilities are concentrated in Ireland, the U.K., Germany, the United States, and China. Glanbia processes over 6 billion liters of milk annually and is also a major producer of U.S. cheddar cheese. Glanbia generates more than 80% of its revenue in the United States.