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Johnson & Johnson (NYSE:JNJ)
Interest Expense
\$-702 Mil (TTM As of Sep. 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 Sep. 2016 was \$-192 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2016 was \$-702 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 Sep. 2016 was \$5,384 Mil. Johnson & Johnson's Interest Expense for the three months ended in Sep. 2016 was \$-192 Mil. Johnson & Johnson's interest coverage for the quarter that ended in Sep. 2016 was 28.04. 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 Sep. 2016 was -160 (Dec. 2015 ) + -160 (Mar. 2016 ) + -190 (Jun. 2016 ) + -192 (Sep. 2016 ) = \$-702 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 Sep. 2016 was \$-192 Mil. Its operating income for the three months ended in Sep. 2016 was \$5,384 Mil. And its Long-Term Debt for the three months ended in Sep. 2016 was \$23,546 Mil.

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

 Interest Coverage = -1 * Operating Income (Q: Sep. 2016 ) / Interest Expense (Q: Sep. 2016 ) = -1 * 5384 / -192 = 28.04

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Johnson & Johnson Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Interest Expense -63 -296 -435 -451 -455 -571 -532 -482 -533 -552

Johnson & Johnson Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Interest Expense 0 -130 -139 -138 -131 -123 -160 -160 -190 -192
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