Amcor (AMCRY) Interest Expense : $-329 Mil (TTM As of Mar. 2024)

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What is Amcor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Amcor's interest expense for the three months ended in Mar. 2024 was $ -89 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-329 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. Amcor's Operating Income for the three months ended in Mar. 2024 was $ 337 Mil. Amcor's Interest Expense for the three months ended in Mar. 2024 was $ -89 Mil. Amcor's Interest Coverage for the quarter that ended in Mar. 2024 was 3.79. 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.

Amcor Interest Expense Historical Data

The historical data trend for Amcor'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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Amcor Interest Expense Chart

Amcor Annual Data

Trend

Jun14

Jun15

Jun16

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Jun18

Jun19

Jun20

Jun21

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Jun23

Interest Expense

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-208.00

-207.00

-153.00

-159.00

-290.00

Amcor Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-86.00	-66.00	-85.00	-89.00	-89.00

Amcor 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-329 Mil.

Amcor (OTCPK:AMCRY) 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.

Amcor's Interest Expense for the three months ended in Mar. 2024 was $-89 Mil. Its Operating Income for the three months ended in Mar. 2024 was $337 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $7,534 Mil.

Amcor's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	337	/	-89
	=	3.79

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

Amcor (AMCRY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Amcor PLC (OTCPK:AMCRY) » Definitions » Interest Expense

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Traded in Other Exchanges

AMCR:USA AMCCF:USA 485B:Germany A1CR34:Brazil AMC:Australia

Address

83 Tower Road North, Warmley, Bristol, GBR, BS30 8XP

Website

https://www.amcor.com

Amcor is a global manufacturer of flexible and rigid plastic packaging and provides packaging solutions to the food, beverage, pharmaceuticals, medical, household, personal care, and industrials sectors. Operations span more than 40 countries and over 200 locations. Around half of group sales are derived from North America, one quarter from Europe, and the remainder from emerging markets. Amcor operates two distinct businesses: flexibles and rigids. Flexibles accounts for about 80% of earnings and produces plastic, aluminium, and fibre-based packaging. Rigids accounts for about 20% of earnings and consists primarily of hot-fill and cold-fill polyethylene terephthalate bottling solutions in the North American and Latin American markets.