HJ Heinz Company (FRA:HJH) Interest Expense : €-224 Mil (TTM As of Jan. 2013)

View and export this data going back to . Start your Free Trial

What is HJ Heinz Company Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HJ Heinz Company's interest expense for the three months ended in Jan. 2013 was € -53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2013 was €-224 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. HJ Heinz Company's Operating Income for the three months ended in Jan. 2013 was € 352 Mil. HJ Heinz Company's Interest Expense for the three months ended in Jan. 2013 was € -53 Mil. HJ Heinz Company's Interest Coverage for the quarter that ended in Jan. 2013 was 6.58. 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.

HJ Heinz Company Interest Expense Historical Data

The historical data trend for HJ Heinz Company'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.

* Premium members only.

HJ Heinz Company Interest Expense Chart

HJ Heinz Company Annual Data

Trend

Apr03

Apr04

Apr05

Apr06

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Interest Expense

Get a 7-Day Free Trial

-231.68

-257.44

-220.31

-190.58

-223.52

HJ Heinz Company Quarterly Data
	Apr08	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13
Interest Expense	Get a 7-Day Free Trial															-56.36	-57.19	-59.72	-53.94	-53.46

HJ Heinz Company 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 Jan. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €-224 Mil.

HJ Heinz Company (FRA:HJH) 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.

HJ Heinz Company's Interest Expense for the three months ended in Jan. 2013 was €-53 Mil. Its Operating Income for the three months ended in Jan. 2013 was €352 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2013 was €2,956 Mil.

HJ Heinz Company's Interest Coverage for the quarter that ended in Jan. 2013 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2013 )	/	Interest Expense (Q: Jan. 2013 )
	=	-1	*	351.831	/	-53.46
	=	6.58

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

HJ Heinz Company (FRA:HJH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HJ Heinz Company (FRA:HJH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

HJ Heinz Company was incorporated in Pennsylvania on July 27, 1900. The Company manufactures and markets an extensive line of food products throughout the world. Its main products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products. The Company's products are manufactured and packaged to provide safe, wholesome foods for consumers, as well as foodservice and institutional customers. Many products are prepared from recipes developed in the Company's research laboratories and experimental kitchens. Ingredients are carefully selected, inspected and passed on to modern factory kitchens where they are processed, after which the intermediate product is filled automatically into containers of glass, metal, plastic, paper or fiberboard, which are then sealed. Products are prepared by sterilization, blending, fermentation, pasteurization, homogenization, chilling, freezing, pickling, drying, freeze drying, baking or extruding, then labeled and cased for market. Quality assurance procedures are designed for each product and process and applied for quality and compliance with applicable laws. The Company manufactures and contracts for the manufacture of its products from a wide variety of raw foods. Pre-season contracts are made with farmers for certain raw materials such as a portion of the Company's requirements of tomatoes, cucumbers, potatoes, onions and some other fruits and vegetables. Ingredients, such as dairy products, meat, sugar and other sweeteners, including high fructose corn syrup, spices, flour and fruits and vegetables, are purchased from approved suppliers. It also owns or leases office space, warehouses, distribution centers and research and other facilities throughout the world. Its recognizable brand is Heinz. The Company has a global portfolio of brands focused in three core categories, Ketchup and Sauces, Meals and Snacks, and Infant/Nutrition. The Company is subject to numerous food safety and other laws and regulations regarding the manufacturing, marketing, and distribution of food products.

HJ Heinz Company (FRA:HJH) Headlines

No Headlines