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San Miguel (PHS:SMC) Interest Expense : ₱-84,802 Mil (TTM As of Mar. 2024)


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What is San Miguel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. San Miguel's interest expense for the three months ended in Mar. 2024 was ₱ -23,522 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-84,802 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. San Miguel's Operating Income for the three months ended in Mar. 2024 was ₱ 40,464 Mil. San Miguel's Interest Expense for the three months ended in Mar. 2024 was ₱ -23,522 Mil. San Miguel's Interest Coverage for the quarter that ended in Mar. 2024 was 1.72. 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.

San Miguel Interest Expense Historical Data

The historical data trend for San Miguel'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.

* Premium members only.

San Miguel Interest Expense Chart

San Miguel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -50,901.00 -46,730.00 -42,891.00 -54,269.00 -83,083.00

San Miguel 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -21,803.00 -23,044.00 -21,239.00 -16,997.00 -23,522.00

San Miguel 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 ₱-84,802 Mil.

* 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.

San Miguel  (PHS:SMC) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

San Miguel's Interest Expense for the three months ended in Mar. 2024 was ₱-23,522 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱40,464 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱978,701 Mil.

San Miguel'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*40464/-23522
=1.72

* 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.

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. San Miguel Corp interest coverage is 1.77, which is low.

San Miguel (PHS:SMC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » San Miguel Corp (PHS:SMC) » Definitions » Interest Expense
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PHS:JGS PHS:DMC PHS:LTG PHS:AGI PHS:FDC PHS:SGP PHS:TFHI PHS:PHN PHS:ION PHS:FJP ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 MMM ADX:ALPHADHABI TSE:8053 TSE:8002
Traded in Other Exchanges
SMGBF:USA SMC2K.PFD:Philippines SMC2J.PFD:Philippines SMC2I.PFD:Philippines SMC2F.PFD:Philippines SMC2E.PFD:Philippines SMC2C.PFD:Philippines
Address
No. 40 San Miguel Avenue, Metro Manila, P.O. Box 271, Manila Central Post Office, Mandaluyong, PHL, 1550
Website
https://www.sanmiguel.com.ph
San Miguel Corp is a holding company based in the Philippines. The company's operating segments include food and beverage; packaging; energy; fuel and oil; and infrastructure. The company generates a majority of its revenue from the fuel and oil segments. The fuel and oil segment is engaged in refining crude oil and marketing and distribution of refined petroleum products.

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