Avery Dennison (BSP:A1VY34) Interest Expense : R$-596 Mil (TTM As of Mar. 2024)

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What is Avery Dennison Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avery Dennison's interest expense for the three months ended in Mar. 2024 was R$ -142 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-596 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. Avery Dennison's Operating Income for the three months ended in Mar. 2024 was R$ 1,330 Mil. Avery Dennison's Interest Expense for the three months ended in Mar. 2024 was R$ -142 Mil. Avery Dennison's Interest Coverage for the quarter that ended in Mar. 2024 was 9.34. 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.

Avery Dennison Interest Expense Historical Data

The historical data trend for Avery Dennison'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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Avery Dennison Interest Expense Chart

Avery Dennison Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-311.12

-360.13

-396.97

-441.14

-583.08

Avery Dennison 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															-137.51	-154.83	-153.10	-145.52	-142.42

Avery Dennison 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 R$-596 Mil.

Avery Dennison (BSP:A1VY34) 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.

Avery Dennison's Interest Expense for the three months ended in Mar. 2024 was R$-142 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$1,330 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$10,308 Mil.

Avery Dennison'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	*	1329.607	/	-142.422
	=	9.34

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

Avery Dennison (BSP:A1VY34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Avery Dennison Corp (BSP:A1VY34) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AVY:USA AV3:Germany AVY:Argentina

Address

8080 Norton Parkway, Mentor, OH, USA, 44060

Website

https://www.averydennison.com

Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.

Avery Dennison (BSP:A1VY34) Headlines

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