Pilgrims Pride (STU:6PP) Interest Expense : €-186 Mil (TTM As of Mar. 2024)

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What is Pilgrims Pride Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pilgrims Pride's interest expense for the three months ended in Mar. 2024 was € -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-186 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. Pilgrims Pride's Operating Income for the three months ended in Mar. 2024 was € 244 Mil. Pilgrims Pride's Interest Expense for the three months ended in Mar. 2024 was € -38 Mil. Pilgrims Pride's Interest Coverage for the quarter that ended in Mar. 2024 was 6.42. 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.

Pilgrims Pride Interest Expense Historical Data

The historical data trend for Pilgrims Pride'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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Pilgrims Pride Interest Expense Chart

Pilgrims Pride Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-119.37

-103.67

-129.03

-144.12

-185.48

Pilgrims Pride 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															-39.85	-43.52	-42.77	-61.27	-37.94

Pilgrims Pride 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 €-186 Mil.

Pilgrims Pride (STU:6PP) 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.

Pilgrims Pride's Interest Expense for the three months ended in Mar. 2024 was €-38 Mil. Its Operating Income for the three months ended in Mar. 2024 was €244 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,275 Mil.

Pilgrims Pride'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	*	243.646	/	-37.944
	=	6.42

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

Pilgrims Pride (STU:6PP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pilgrims Pride Corp (STU:6PP) » Definitions » Interest Expense

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Traded in Other Exchanges

PPC:USA

Address

1770 Promontory Circle, Greeley, CO, USA, 80634-9038

Website

https://www.pilgrims.com

Pilgrim's Pride is the second-largest poultry producer in the U.S. (62% of 2022 sales), the U.K. (28% including other European sales), and Mexico (11%). Its U.K. and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. Most of its U.S. and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its U.K. and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS' offer undervalued Pilgrim's Pride.

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