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Johnson & Johnson (NYSE:JNJ)
Interest Expense
$-443 Mil (TTM As of Mar. 2016)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Johnson & Johnson's interest expense for the three months ended in Mar. 2016 was $-160 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2016 was $-443 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. Johnson & Johnson's Operating Income for the three months ended in Mar. 2016 was $5,452 Mil. Johnson & Johnson's Interest Expense for the three months ended in Mar. 2016 was $-160 Mil. Johnson & Johnson's interest coverage for the quarter that ended in Mar. 2016 was 34.08. 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.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Johnson & Johnson Interest Expense for the trailing twelve months (TTM) ended in Mar. 2016 was 0 (Jun. 2015 ) + -123 (Sep. 2015 ) + -160 (Dec. 2015 ) + -160 (Mar. 2016 ) = $-443 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.

Johnson & Johnson's interest expense for the three months ended in Mar. 2016 was $-160 Mil. Its operating income for the three months ended in Mar. 2016 was $5,452 Mil. And its Long-Term Debt for the three months ended in Mar. 2016 was $20,233 Mil.

Johnson & Johnson's Interest Coverage for the quarter that ended in Mar. 2016 is calculated as

Interest Coverage=-1*Operating Income (Q: Mar. 2016 )/Interest Expense (Q: Mar. 2016 )
=-1*5452/-160
=34.08

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Johnson & Johnson Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Interest Expense -63-296-435-451-455-571-532-482-533-552

Johnson & Johnson Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
Interest Expense 00-130-139-1380-123-160-1600
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