B&G Foods (B&G Foods) Interest Expense : $-150 Mil (TTM As of Mar. 2024)

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What is B&G Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. B&G Foods's interest expense for the three months ended in Mar. 2024 was $ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-150 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. B&G Foods's Operating Income for the three months ended in Mar. 2024 was $ 55 Mil. B&G Foods's Interest Expense for the three months ended in Mar. 2024 was $ -38 Mil. B&G Foods's Interest Coverage for the quarter that ended in Mar. 2024 was 1.46. 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.

B&G Foods Interest Expense Historical Data

The historical data trend for B&G Foods'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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B&G Foods Interest Expense Chart

B&G Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-98.13

-101.63

-106.89

-124.92

-151.33

B&G Foods 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															-39.44	-35.81	-35.86	-40.23	-37.83

B&G Foods 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 $-150 Mil.

B&G Foods (NYSE:BGS) 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.

B&G Foods's Interest Expense for the three months ended in Mar. 2024 was $-38 Mil. Its Operating Income for the three months ended in Mar. 2024 was $55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,064 Mil.

B&G Foods'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	*	55.157	/	-37.825
	=	1.46

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

B&G Foods (B&G Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » B&G Foods Inc (NYSE:BGS) » Definitions » Interest Expense

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Traded in Other Exchanges

DHR:Germany

Address

Four Gatehall Drive, Parsippany, NJ, USA, 07054

Website

https://www.bgfoods.com

B&G Foods Inc is an American packaged-food manufacturer. The company sells its products in the United States, Canada, and Puerto Rico. The company's main brands are Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Cary's, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, Emeril's, Grandma's Molasses, MacDonald's, Mama Mary's, Maple Grove Farms, Regina, Sa-son, Sclafani, Smart Puffs, Spice Islands, Spring Tree, and Wright's. The company distributes its products through multiple channels to supermarkets, wholesalers, mass merchants, warehouse clubs, and food service distributors, among others.

Executives

Jordan E Greenberg	officer: EVP & Chief Commercial Officer	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Bruce C Wacha	officer: EVP of Corp Strategy & Bus Dev	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
David L Wenner	director, officer: President & CEO	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Andrew D Vogel	officer: EVP, PRESIDENT OF MEALS	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Alfred Poe	director	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Kristen A. Thompson	officer: SVP, President of Frozen & Veg	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Keller Kenneth C Jr	director, officer: President & CEO	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Debra M Chase	director	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Deann L Brunts	director	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Ellen M Schum	officer: EVP & Chief Customer Officer	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Erich A Fritz	officer: EVP-Chief Supply Chain Officer	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Kenneth G. Romanzi	officer: EVP & Chief Operating Officer	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Cheryl M Palmer	director	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Michael Adasczik	officer: VP, Chief Accounting Officer	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Robert D Mills	director	TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027