Birks Group (FRA:2BG) Interest Expense : €-4.6 Mil (TTM As of Sep. 2023)

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What is Birks Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Birks Group's interest expense for the six months ended in Sep. 2023 was € -2.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was €-4.6 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. Birks Group's Operating Income for the six months ended in Sep. 2023 was € 0.3 Mil. Birks Group's Interest Expense for the six months ended in Sep. 2023 was € -2.3 Mil. Birks Group's Interest Coverage for the quarter that ended in Sep. 2023 was 0.15. 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.

Birks Group Interest Expense Historical Data

The historical data trend for Birks Group'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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Birks Group Interest Expense Chart

Birks Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-3.10

-3.68

-2.02

-2.28

-3.81

Birks Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-1.13	-1.07	-1.72	-2.26	-2.32

Birks Group 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-4.6 Mil.

Birks Group (FRA:2BG) 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.

Birks Group's Interest Expense for the six months ended in Sep. 2023 was €-2.3 Mil. Its Operating Income for the six months ended in Sep. 2023 was €0.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was €57.3 Mil.

Birks Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.343	/	-2.32
	=	0.15

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

Birks Group (FRA:2BG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Birks Group Inc (FRA:2BG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

BGI:USA 2BG:Germany

Address

2020 Robert-Bourassa Boulevard, Suite 200, Montreal, QC, CAN, H3A 2A5

Website

https://www.birks.com

Birks Group Inc is a part of the leisure industry. The company designs, develops, produces, and retails fine jewelry, timepieces, and gifts. Its operating segment includes Retail and other. The company generates maximum revenue from the Retail segment. Its retail segment consists of retail operations whereby it operates approximately 21 stores in Canada under the Maison Birks brand, one store under the Brinkhaus brand, one store under the Graff brand, and one store under the Patek Phillippe brand. The other segment consists mainly of wholesale business, e-commerce business, and gold exchange business.

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