Kontoor Brands (Kontoor Brands) Interest Expense : $-39 Mil (TTM As of Mar. 2024)

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What is Kontoor Brands Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kontoor Brands's interest expense for the three months ended in Mar. 2024 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-39 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. Kontoor Brands's Operating Income for the three months ended in Mar. 2024 was $ 84 Mil. Kontoor Brands's Interest Expense for the three months ended in Mar. 2024 was $ -9 Mil. Kontoor Brands's Interest Coverage for the quarter that ended in Mar. 2024 was 9.09. 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.

Kontoor Brands Interest Expense Historical Data

The historical data trend for Kontoor Brands'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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Kontoor Brands Interest Expense Chart

Kontoor Brands Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-35.79

-49.99

-38.90

-34.92

-40.41

Kontoor Brands 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															-10.27	-9.66	-10.45	-10.02	-9.29

Kontoor Brands 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 $-39 Mil.

Kontoor Brands (NYSE:KTB) 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.

Kontoor Brands's Interest Expense for the three months ended in Mar. 2024 was $-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $796 Mil.

Kontoor Brands'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	*	84.43	/	-9.292
	=	9.09

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

Kontoor Brands (Kontoor Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kontoor Brands Inc (NYSE:KTB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

3KO:Germany 3KO:Germany

Address

400 N. Elm Street, Greensboro, NC, USA, 27401

Website

https://www.kontoorbrands.com

Kontoor Brands Inc is a lifestyle apparel company. It is engaged in designing, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including Wrangler and Lee. It manufactures its products in owned and leased facilities and distributes the products through both brick and mortar and e-commerce retailers. It generates the majority of its revenue from the Wrangler segment. The company's geographical segments are the United States and International, of which the majority of its revenue comes from the United States.

Executives

Susan Denise Sumner	officer: VP & CAO	400 N. ELM STREET, GREENSBORO NC 27401
Joseph A Alkire	officer: EVP & Chief Financial Officer	C/O KONTOOR BRANDS, INC., 400 N. ELM STREET, GREENSBORO NC 27401
Thomas E. Waldron	officer: VP & GB President - Wrangler	400 NORTH ELM STREET, GREENSBORO NC 27401
Andrew E Page	director	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Doerr Thomas L Jr	officer: EVP, GC, & Corp. Sec.	ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Ashley Goldsmith	director	400 N. ELM STREET, GREENSBORO NC 27401
Scott H Baxter	director, officer: President & CEO	400 NORTH ELM STREET, GREENSBORO NC 27401
Laurel Krueger	officer: VP, GC & Corporate Secretary	ONE EXPRESS DRIVE, COLUMBUS OH 43230
Mark L. Schiller	director	C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Robert Lynch	director	P. O. BOX 99900, LOUISVILLE KY 40269
Richard Carucci	director	1441 GARDINER LANE, LOUISVILLE KY 47113
Juliana L Chugg	director	1200 WILLOW LAKE BOULEVARD, PO BOX 64683, ST PAUL MN 55164-0683
Rich Williams	director	600 W. CHICAGO AVENUE SUITE 400, CHICAGO IL 60654
Rustin Welton	officer: VP & CFO	400 NORTH ELM STREET, GREENSBORO NC 27401
Christopher Waldeck	officer: VP & GB President - Lee	400 NORTH ELM STREET, GREENSBORO NC 27401