Traeger (Traeger) Interest Expense : $-31.3 Mil (TTM As of Mar. 2024)

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What is Traeger Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Traeger's interest expense for the three months ended in Mar. 2024 was $ -8.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-31.3 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. Traeger's Operating Income for the three months ended in Mar. 2024 was $ -0.1 Mil. Traeger's Interest Expense for the three months ended in Mar. 2024 was $ -8.1 Mil. Traeger did not have earnings to cover the interest expense. 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.

Traeger Interest Expense Historical Data

The historical data trend for Traeger'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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Traeger Interest Expense Chart

Traeger Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-39.46

-34.07

-26.65

-27.89

-31.28

Traeger Quarterly Data
	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													-8.08	-7.81	-7.52	-7.87	-8.10

Traeger 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 $-31.3 Mil.

Traeger (NYSE:COOK) 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.

Traeger's Interest Expense for the three months ended in Mar. 2024 was $-8.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $426.1 Mil.

Traeger's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Traeger did not have earnings to cover the interest expense.

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

Traeger (Traeger) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Traeger Inc (NYSE:COOK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1215 E Wilmington Avenue, Suite 200, Salt Lake City, UT, USA, 84106

Website

https://www.traeger.com

Traeger Inc designs, sources, sells, and supports wood pellet fueled barbeque grills sold to retailers, distributors, and direct to consumers. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grill accessories including covers, barbeque tools, trays, liners, and merchandise. The company's geographical segments include North America and the Rest of the world, of which majority of revenue is from North America.

Executives

Hardy James H Jr	officer: Chief Supply Chain Officer	C/O TRAEGER, 1215 E. WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Dominic Blosil	officer: Chief Financial Officer	C/O TAEGER, 1215 E WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Jeremy Andrus	director, officer: Chief Executive Officer	C/O TRAEGER, 1215 E. WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Steven Philip Richman	director	C/O TRAEGER INC., 1215 E WILMINGTON AVE, SUITE 200, SALT LAKE CITY UT 84106
Ontario Teachers Pension Plan Board	10 percent owner	5650 YONGE STREET, TORONTO A6 M2M 4H5
Trilantic Capital Management L.p.	10 percent owner, other: See Remarks	399 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10022
Wendy A. Beck	director	C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Elizabeth Cahill Lempres	director	TWO COMMERCE SQUARE, 2001 MARKET STREET, SUITE 3600, PHILADELPHIA PA 19103
Wayne Marino	director	C/O TRAEGER, INC., 1215 E WILMINGTON AVE., SUITE 200, SALT LAKE CITY UT 84106
Aea Investors Fund Vi Lp	10 percent owner	666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Ralph Alvarez	director	ELI LILLY AND COMPANY, LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Aea Investors Executive Partners Vi Llc	10 percent owner	520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Aea Investors Partners Vi Lp	10 percent owner	520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Aea Investors Executive Fund Vi Lp	10 percent owner	666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Aea Fund Vi Stockholder Representative Corp.	10 percent owner	520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022