FAT Brands (FAT Brands) Interest Expense : $-121.4 Mil (TTM As of Mar. 2024)

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What is FAT Brands Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. FAT Brands's interest expense for the three months ended in Mar. 2024 was $ -34.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-121.4 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. FAT Brands's Operating Income for the three months ended in Mar. 2024 was $ 0.1 Mil. FAT Brands's Interest Expense for the three months ended in Mar. 2024 was $ -34.0 Mil. FAT Brands did not have earnings to cover the interest expense. 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.

FAT Brands Interest Expense Historical Data

The historical data trend for FAT Brands'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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FAT Brands Interest Expense Chart

FAT Brands Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.66

-8.55

-29.06

-94.85

-117.53

FAT Brands 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															-30.13	-24.32	-29.74	-33.34	-34.04

FAT Brands 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 $-121.4 Mil.

FAT Brands (NAS:FAT) 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.

FAT Brands's Interest Expense for the three months ended in Mar. 2024 was $-34.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,367.6 Mil.

FAT Brands'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	*	0.126	/	-34.041
	=	0.00

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. FAT Brands Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

FAT Brands (FAT Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » FAT Brands Inc (NAS:FAT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FATBB:USA FATBP.PFD:USA 5PN:Germany

Address

9720 Wilshire Boulevard, Suite 500, Beverly Hills, CA, USA, 90212

Website

https://www.fatbrands.com

FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, acquires and manages quick service, fast casual, casual dining and polished casual dining restaurant concepts around the world. The company operates as a franchisor of restaurants, where the company generally does not own or operate the restaurant locations but rather generates revenue by charging franchisees an initial franchise fee as well as ongoing royalties. For some of the company's brands, it also directly owns and operates restaurant locations. The primary sources of revenue are the sale of food and beverages at company restaurants and the collection of royalties, franchise fees and advertising revenue from sales of food and beverages at franchised restaurants.

Executives

Andrew Wiederhorn	director, officer: Chief Executive Officer	C/O WILSHIRE FINANCIAL SERVICES INC, 1776 SW MADISON STREET, PORTLAND OR 97205
John Stephen Allen	director	P.O. BOX 2732, GEARHART OR 97138
James G Ellis	director	C/O QUIKSILVER, INC., 15202 GRAHAM STREET, HUNTINGTON BEACH CA 92649
Fog Cutter Holdings, Llc	10 percent owner	9720 WILSHIRE BLVD, SUITE 500, BEVERLY HILLS CA 90212
Matthew Green	director
Peter R Feinstein	director
John Cameron Metz	director	13153 FABERGE PLACE, PALM BEACH GARDENS FL 33418
Kenneth Kepp	director	27929 SW 95TH AVENUE, SUITE 1101, WILSONVILLE OR 97070
Mark Elenowitz	director	400 PROFESSIONAL DRIVE, SUITE 310, GAITHERSBURG MD 20879
Tyler Berchtold Child	director	P.O. BOX 254, ROSS CA 94957
Vidal Paba Maria Carmen	director	CARRER CAVALLERS NUMBER 56-58, 4TH FLOOR 1ST DOOR, BARCELONA U3 08034
Mason Alan Wiederhorn	director	9720 WILSHIRE BLVD., PH, BEVERLY HILLS CA 90212
Lynne Leigh Collier	director	8523 FOREST HILLS BLVD, DALLAS TX 75218
John Squire Junger	director	16600 PARK LANE CIRCLE, LOS ANGELES CA 90049
Taylor Andrew Wiederhorn	officer: Chief Development Officer	9720 WILSHIRE BLVD,, SUITE 500, BEVERLY HILLS CA 90212