Ambev (ABEV) Interest Expense : $-564 Mil (TTM As of Mar. 2024)

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What is Ambev Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ambev's interest expense for the three months ended in Mar. 2024 was $ -125 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-564 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. Ambev's Operating Income for the three months ended in Mar. 2024 was $ 969 Mil. Ambev's Interest Expense for the three months ended in Mar. 2024 was $ -125 Mil. Ambev's Interest Coverage for the quarter that ended in Mar. 2024 was 7.78. 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.

Ambev Interest Expense Historical Data

The historical data trend for Ambev'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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Ambev Interest Expense Chart

Ambev Annual Data

Trend

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Interest Expense

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-444.63

-410.64

-324.92

-551.49

-574.66

Ambev 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															-127.52	-156.96	-136.59	-145.94	-124.59

Ambev 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 $-564 Mil.

Ambev (NYSE:ABEV) 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.

Ambev's Interest Expense for the three months ended in Mar. 2024 was $-125 Mil. Its Operating Income for the three months ended in Mar. 2024 was $969 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $436 Mil.

Ambev'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	*	969.207	/	-124.589
	=	7.78

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

Ambev (ABEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Ambev SA (NYSE:ABEV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ABEV:Mexico AMNA:Germany ABEV3:Brazil ABEV:Argentina

Address

Rua Doutor Renato Paes de Barros, 1017, 3rd Floor, Sao Paulo, SP, BRA, 04530-001

Website

https://www.ambev.com.br

Ambev is the largest brewer in Latin America and the Caribbean and is Anheuser-Busch InBev's subsidiary in the region. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries and owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving Interbrew (now AB InBev) a controlling interest of 61.8% as at the end of 2022.