Grendene (BSP:GRND3) Interest Expense : R$-46 Mil (TTM As of Mar. 2024)

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What is Grendene Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grendene's interest expense for the three months ended in Mar. 2024 was R$ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-46 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. Grendene's Operating Income for the three months ended in Mar. 2024 was R$ 97 Mil. Grendene's Interest Expense for the three months ended in Mar. 2024 was R$ -3 Mil. Grendene's Interest Coverage for the quarter that ended in Mar. 2024 was 28.21. 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.

Grendene Interest Expense Historical Data

The historical data trend for Grendene'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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Grendene Interest Expense Chart

Grendene Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.01

-7.89

-6.04

-8.78

-9.11

Grendene 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															-2.72	-21.47	-17.87	-3.68	-3.43

Grendene 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 R$-46 Mil.

Grendene (BSP:GRND3) 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.

Grendene's Interest Expense for the three months ended in Mar. 2024 was R$-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$97 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$11 Mil.

Grendene'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	*	96.697	/	-3.428
	=	28.21

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

Grendene (BSP:GRND3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Grendene SA (BSP:GRND3) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Avenue Pimentel Gomes 214, Sobral, CE, BRA, 62040-125

Website

https://www.grendene.com.br

Grendene SA is engaged in the development, production, distribution, and sale of plastic footwear for all the socio-economic classes, in the women's, men's, and children's market segments. It also has its own stores, franchises, and web commerce channels, operating under the brands Melissa, Grendha, Zaxy, Rider, Cartago, Grendene Kids, and Ipanema. It also owns the brands Pega Forte and Nuar. Geographically the company operates in Brazil, North America, Asia and Oceania, Europe, Central, and South America, and the Middle East and Africa, out of which a majority of its revenue comes from Brazil.

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