Loblaw (TSX:L) Interest Expense : C$-835 Mil (TTM As of Mar. 2024)

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What is Loblaw Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Loblaw's interest expense for the three months ended in Mar. 2024 was C$ -199 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-835 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. Loblaw's Operating Income for the three months ended in Mar. 2024 was C$ 861 Mil. Loblaw's Interest Expense for the three months ended in Mar. 2024 was C$ -199 Mil. Loblaw's Interest Coverage for the quarter that ended in Mar. 2024 was 4.33. 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.

Loblaw Interest Expense Historical Data

The historical data trend for Loblaw'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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Loblaw Interest Expense Chart

Loblaw Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-765.00

-752.00

-688.00

-711.00

-825.00

Loblaw Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-189.00	-195.00	-241.00	-200.00	-199.00

Loblaw 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 C$-835 Mil.

Loblaw (TSX:L) 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.

Loblaw's Interest Expense for the three months ended in Mar. 2024 was C$-199 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$861 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$15,029 Mil.

Loblaw'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	*	861	/	-199
	=	4.33

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

Loblaw (TSX:L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Loblaw Companies Ltd (TSX:L) » Definitions » Interest Expense

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LBLCF:USA L.PR.B.PFD:Canada

Address

1 President’s Choice Circle, Brampton, ON, CAN, L6Y 5S5

Website

https://www.loblaw.ca

Loblaw is Canada's largest retailer, operating 2,500 food retail and pharmacy stores across the country. Its main grocery banners include Loblaw, No Frills, and Maxi, and its pharmacy stores are mostly under the Shoppers Drug Mart banner, which it acquired in 2014. In addition to brand-name offerings, Loblaw offers private-label products under the President's Choice and No Name brands. Beyond retail, Loblaw runs the PC Optimum loyalty program and also offers credit cards and insurance brokerage, which are collectively referred to as financial services. George Weston is Loblaw's controlling shareholder with a 53% stake.

Executives

Jeffrey Francis Leger	Senior Officer
Mark William Henry Wilson	Senior Officer
Frank Gambioli	Senior Officer
Nicholas Henn	Senior Officer
Kieran Barry Columb	Senior Officer