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Rite Aid (FRA:RTA1) Interest Expense : €-245 Mil (TTM As of Aug. 2023)


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What is Rite Aid Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rite Aid's interest expense for the three months ended in Aug. 2023 was € -67 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was €-245 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. Rite Aid's Operating Income for the three months ended in Aug. 2023 was € -333 Mil. Rite Aid's Interest Expense for the three months ended in Aug. 2023 was € -67 Mil. Rite Aid 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.

Rite Aid Interest Expense Historical Data

The historical data trend for Rite Aid'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.

Rite Aid Interest Expense Chart

Rite Aid Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -200.63 -210.60 -166.55 -168.80 -209.59

Rite Aid Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -51.85 -56.33 -61.95 -60.00 -66.63

Rite Aid 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 Aug. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-245 Mil.

* 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.

Rite Aid  (FRA:RTA1) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Rite Aid's Interest Expense for the three months ended in Aug. 2023 was €-67 Mil. Its Operating Income for the three months ended in Aug. 2023 was €-333 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2023 was €2,188 Mil.

Rite Aid's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Rite Aid did not have earnings to cover the interest expense.

* 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.

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

Rite Aid (FRA:RTA1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Rite Aid Corp (FRA:RTA1) » Definitions » Interest Expense
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Traded in Other Exchanges
RADCQ:USA
Address
1200 Intrepid Avenue, PO Box 3165, Philadelphia, PA, USA, 17105
Website
https://www.riteaid.com
Rite Aid Corp is a large retail drugstore chain in the United States. The company reports via two segments: retail pharmacy and pharmacy services. The retail pharmacy segment generates revenue primarily through the sale of prescription drugs, along with an assortment of merchandise that includes over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and numerous other everyday consumables. The pharmacy-services segment relates to EnvisionRx, a fully owned subsidiary that operates as a pharmacy benefit management provider offering a broad range of pharmaceutical services.

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