Sonoco Products Co (FRA:SNS) Interest Expense : €-124 Mil (TTM As of Mar. 2024)

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What is Sonoco Products Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sonoco Products Co's interest expense for the three months ended in Mar. 2024 was € -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-124 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. Sonoco Products Co's Operating Income for the three months ended in Mar. 2024 was € 133 Mil. Sonoco Products Co's Interest Expense for the three months ended in Mar. 2024 was € -29 Mil. Sonoco Products Co's Interest Coverage for the quarter that ended in Mar. 2024 was 4.61. 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.

Sonoco Products Co Interest Expense Historical Data

The historical data trend for Sonoco Products Co'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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Sonoco Products Co Interest Expense Chart

Sonoco Products Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-60.16

-61.69

-56.63

-95.97

-125.34

Sonoco Products Co 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															-31.97	-31.64	-30.78	-32.39	-28.72

Sonoco Products Co 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 €-124 Mil.

Sonoco Products Co (FRA:SNS) 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.

Sonoco Products Co's Interest Expense for the three months ended in Mar. 2024 was €-29 Mil. Its Operating Income for the three months ended in Mar. 2024 was €133 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €2,680 Mil.

Sonoco Products Co'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	*	132.545	/	-28.722
	=	4.61

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

Sonoco Products Co (FRA:SNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Sonoco Products Co (FRA:SNS) » Definitions » Interest Expense

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SON:USA

Address

1 N. Second Street, Hartsville, SC, USA, 29550

Website

http://www.sonoco.com

Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 30 years.

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