Sleep Number (FRA:SL2) Interest Expense : €-42 Mil (TTM As of Mar. 2024)

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What is Sleep Number Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sleep Number's interest expense for the three months ended in Mar. 2024 was € -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-42 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. Sleep Number's Operating Income for the three months ended in Mar. 2024 was € 15 Mil. Sleep Number's Interest Expense for the three months ended in Mar. 2024 was € -11 Mil. Sleep Number's Interest Coverage for the quarter that ended in Mar. 2024 was 1.31. 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.

Sleep Number Interest Expense Historical Data

The historical data trend for Sleep Number'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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Sleep Number Interest Expense Chart

Sleep Number Annual Data

Trend

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Interest Expense

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-10.43

-7.34

-5.53

-17.92

-39.15

Sleep Number 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															-8.50	-9.18	-10.27	-11.63	-11.32

Sleep Number 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 €-42 Mil.

Sleep Number (FRA:SL2) 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.

Sleep Number's Interest Expense for the three months ended in Mar. 2024 was €-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was €15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €316 Mil.

Sleep Number'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	*	14.851	/	-11.315
	=	1.31

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Sleep Number Corps earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Sleep Number (FRA:SL2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sleep Number Corp (FRA:SL2) » Definitions » Interest Expense

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SNBR:USA

Address

1001 Third Avenue South, Minneapolis, MN, USA, 55404

Website

https://www.sleepnumber.com

Sleep Number Corp. offers individualized mattresses and sleep solutions. Consumers can customize Sleep Number bedding to suit their comforts. The company utilizes algorithms and biometric data for customizations. Revenue is generated through marketing and selling bedding through two distribution channels: company-controlled, including direct-to-consumer retail and online sales; and wholesale, which sells through selected wholesale and retail customers. Almost all revenue comes from company-controlled retail sales. Sleep Number Corp. sells its products throughout the United States.

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