CVS Health (CVS Health) Interest Expense

: $-2,658 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CVS Health's interest expense for the three months ended in Dec. 2023 was $ -690 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2,658 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. CVS Health's Operating Income for the three months ended in Dec. 2023 was $ 3,373 Mil. CVS Health's Interest Expense for the three months ended in Dec. 2023 was $ -690 Mil. CVS Health's Interest Coverage for the quarter that ended in Dec. 2023 was 4.89. 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.

CVS Health Interest Expense Historical Data

The historical data trend for CVS Health'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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CVS Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-3,035.00

-2,907.00

-2,503.00

-2,287.00

-2,658.00

CVS Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-552.00	-589.00	-686.00	-693.00	-690.00

CVS Health 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,658 Mil.

CVS Health (NYSE:CVS) 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.

CVS Health's Interest Expense for the three months ended in Dec. 2023 was $-690 Mil. Its Operating Income for the three months ended in Dec. 2023 was $3,373 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $74,672 Mil.

CVS Health's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3373	/	-690
	=	4.89

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

CVS Health (CVS Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » CVS Health Corp (NYSE:CVS) » Definitions » Interest Expense

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Address

One CVS Drive, Woonsocket, RI, USA, 02895

Website

https://www.cvshealth.com

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.

Executives

Edward J Ludwig	director	C/O BECTON DICKERSON & CO, 1 BECTON DR, FRANKLIN LAKES NJ 07417
Michael F Mahoney	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Thomas F. Cowhey	officer: SVP, Interim CFO	310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027
J Scott Kirby	director	233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Brian A Kane	officer: EVP/President, Aetna	500 W MAIN STREET, LOUISVILLE KY 40202
James David Clark	officer: SVP, Cont & Chief Acct Officer	ONE CVS DRIVE, WOONSOCKET RI 02760
Karen S Lynch	officer: EVP & Pres, Aetna Bus Unit	151 FARMINGTON AVENUE, RW61, HARTFORD CT 06156
Samrat S. Khichi	officer: EVP, CPO and General Counsel	C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08873
Thomas M Moriarty	officer: EVP & General Counsel	100 PARSONS POND DRIVE, FRANKLIN LAKES NJ 07417
Jeffrey R. Balser	director	3657 RICHLAND AVE., NASHVILLE TN 37205
Alan Lotvin	officer: EVP, Transformation	55 NOD ROAD, AVON CT 06001
Daniel P Finke	officer: EVP/Pres, Health Care Benefits	ONE CVS DRIVE, WOONSOCKET RI 02895
Tilak Mandadi	officer: EVP, Chief Technology Officer	3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109
Sreekanth K Chaguturu	officer: EVP and Chief Medical Officer	ONE CVS DRIVE, WOONSOCKET RI 02895
Prem S Shah	officer: EVP and Co-President of Retail	ONE CVS DRIVE, WOONSOCKET RI 02895