Vital Farms (Vital Farms) Interest Expense : $-0.9 Mil (TTM As of Mar. 2024)

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What is Vital Farms Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vital Farms's interest expense for the three months ended in Mar. 2024 was $ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.9 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. Vital Farms's Operating Income for the three months ended in Mar. 2024 was $ 24.2 Mil. Vital Farms's Interest Expense for the three months ended in Mar. 2024 was $ -0.3 Mil. Vital Farms's Interest Coverage for the quarter that ended in Mar. 2024 was 94.78. 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.

Vital Farms Interest Expense Historical Data

The historical data trend for Vital Farms'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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Vital Farms Interest Expense Chart

Vital Farms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.35

-0.49

-0.05

-0.11

-0.78

Vital Farms 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															-0.14	-0.14	-0.24	-0.27	-0.26

Vital Farms 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 $-0.9 Mil.

Vital Farms (NAS:VITL) 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.

Vital Farms's Interest Expense for the three months ended in Mar. 2024 was $-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was $24.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $15.4 Mil.

Vital Farms'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	*	24.169	/	-0.255
	=	94.78

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Vital Farms Inc has enough cash to cover all of its debt. Its financial situation is stable.

Vital Farms (Vital Farms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vital Farms Inc (NAS:VITL) » Definitions » Interest Expense

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Traded in Other Exchanges

5KH:Germany

Address

3601 South Congress Avenue, Suite C100, Austin, TX, USA, 78704

Website

https://www.vitalfarms.com

Vital Farms Inc is an ethical food company. The company retails pasture-raised eggs and butter. Its products include Pasture-Raised Eggs and Pasture-Raised Butter & Ghee. The company's purpose is rooted in a commitment to Conscious Capitalism, which prioritizes the long-term benefits of each of its stakeholders (farmers and suppliers, customers and consumers, communities and the environment, employees, and stockholders).

Executives

Matthew Ohayer	director, 10 percent owner, officer: Executive Chairman	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Russell Diez-canseco	director, officer: President and CEO	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Jason Dale	officer: COO and CFO	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Thilo Wrede	officer: Chief Financial Officer	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Kathryn Mckeon	officer: Chief Marketing Officer	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Stephanie Coon	officer: SVP of People and Strategy	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Brent Drever	director	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Denny Marie Post	director	C/O BURGER KING HOLDINGS, INC., 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Joanne Bal	officer: GC, Sec. and Head of ESG	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Scott Marcus	officer: Chief Marketing Officer	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TN 78704
Jeffery S Dawson	officer: Chief Accounting Officer	2711 NORTH HASKELL AVENUE, SUITE 3400, DALLAS TX 75204
Kofi Owusu Amoo-gottfried	director	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Bo Erick Meissner	officer: Chief Financial Officer	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Karl Khoury	director	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Glenda J Flanagan	director	550 BOWIE STREET, AUSTIN TX 78703