Intercontinental Exchange (Intercontinental Exchange) Interest Expense : $-808 Mil (TTM As of Dec. 2023)

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What is Intercontinental Exchange Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Intercontinental Exchange's interest expense for the three months ended in Dec. 2023 was $ -251 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-808 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. Intercontinental Exchange's Operating Income for the three months ended in Dec. 2023 was $ 993 Mil. Intercontinental Exchange's Interest Expense for the three months ended in Dec. 2023 was $ -251 Mil. Intercontinental Exchange's Interest Coverage for the quarter that ended in Dec. 2023 was 3.96. 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.

Intercontinental Exchange Interest Expense Historical Data

The historical data trend for Intercontinental Exchange'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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Intercontinental Exchange Interest Expense Chart

Intercontinental Exchange Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-285.00

-357.00

-423.00

-616.00

-808.00

Intercontinental Exchange Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-176.00	-176.00	-175.00	-206.00	-251.00

Intercontinental Exchange 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 $-808 Mil.

Intercontinental Exchange (NYSE:ICE) 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.

Intercontinental Exchange's Interest Expense for the three months ended in Dec. 2023 was $-251 Mil. Its Operating Income for the three months ended in Dec. 2023 was $993 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $20,958 Mil.

Intercontinental Exchange'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	*	993	/	-251
	=	3.96

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

Intercontinental Exchange (Intercontinental Exchange) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Intercontinental Exchange Inc (NYSE:ICE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ICE:Mexico IC2:Germany

Address

5660 New Northside Drive, Atlanta, GA, USA, 30328

Website

https://www.theice.com

Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 56% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (15% of net revenue) and fixed-income and data services segment (29% of net revenue).

Executives

Jeffrey C Sprecher	director, officer: Chief Executive Officer	2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Andrew J Surdykowski	officer: General Counsel	5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
James W Namkung	officer: Chief Accounting Officer	C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, NW, ATLANTA GA 30318
Christopher Scott Edmonds	officer: Chief Development Officer	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Warren Gardiner	officer: Chief Financial Officer	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Benjamin Jackson	officer: President	C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Douglas Foley	officer: SVP, HR & Administration	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Martha A Tirinnanzi	director	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Stuart Glen Williams	officer: Chief Operating Officer	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR., ATLANTA GA 30328
William Jefferson Hague	director	C/O ICE, 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Mark Wassersug	officer: Chief Operating Officer	5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Mayur Kapani	officer: Chief Technology Officer	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
David S Goone	officer: Sr VP, Chief Strategic Officer	2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Lynn C Martin	officer: President & COO, ICE Data Serv	5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30318
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010