Loews (L) Interest Expense : $-376 Mil (TTM As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Loews Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Loews's interest expense for the three months ended in Dec. 2023 was $ -96 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-376 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. Loews's Operating Income for the three months ended in Dec. 2023 was $ 709 Mil. Loews's Interest Expense for the three months ended in Dec. 2023 was $ -96 Mil. Loews's Interest Coverage for the quarter that ended in Dec. 2023 was 7.39. 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.

Loews Interest Expense Historical Data

The historical data trend for Loews'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.

* Premium members only.

Loews Interest Expense Chart

Loews Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-591.00

-515.00

-424.00

-378.00

-376.00

Loews 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															-94.00	-95.00	-91.00	-94.00	-96.00

Loews 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 $-376 Mil.

Loews (NYSE:L) 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.

Loews's Interest Expense for the three months ended in Dec. 2023 was $-96 Mil. Its EBIT for the three months ended in Dec. 2023 was $709 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $7,919 Mil.

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

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	709	/	-96
	=	7.39

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

Loews (L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Loews Corp (NYSE:L) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

LTR:Germany

Address

667 Madison Avenue, New York, NY, USA, 10065-8087

Website

https://www.loews.com

Loews Corp is a holding company that is supported by a variety of businesses. Its largest subsidiary is CNA Financial Corporation, a property and casualty insurance company. CNA's services include risk management, information services, and warranty and claims administration. Loews also maintains an operation of offshore oil and gas drilling rigs through Diamond Offshore Drilling, Inc. The company engages in the transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas through Boardwalk Pipeline Partners, LP. Loews also operates a chain of hotels.

Executives

Andrew H Tisch	director	667 MADISON AVE, NEW YORK NY 10021-8087
Jonathan M Tisch	director, officer: Co-Ch. of Bd/Off. of the Pres.	667 MADISON AVENUE, NEW YORK NY 10021-8087
Ann E Berman	director	255 STATE STREET, BOSTON MA 02109
Anthony Welters	director
Paul J Fribourg	director	667 MADISON AVE, NEW YORK NY 10021
Walter L Harris	director	TANENBAUM HARBER CO, 320 W 57TH STREET, NEW YORK NY 10019
Charles M Diker	director	ONE NEW YORK PLAZA, NEW YORK NY 10004
Joseph L Bower	director	667 MADISON AVE, NEW YORK NY 10021
Kenneth I Siegel	officer: Senior Vice President	667 MADISON AVENUE, NEW YORK NY 10065
Jonathan C Locker	director	C/O LOEWS CORPORATION, 9 WEST 57TH STREET, NEW YORK NY 10019
Charles D Davidson	director	QUANTUM ENERGY PARTNERS, 1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
Richard Waldo Scott	officer: SVP & Chief Investment Officer	667 MADISON AVENUE, NEW YORK NY 10065
Benjamin J Tisch	officer: Sr. VP, Corp Dev and Strategy	667 MADISON AVE, NEW YORK NY 10065
Marc A Alpert	officer: Sr. VP, Gen. Coun. & Secy.	667 MADISON AVENUE, NEW YORK NY 10065
Mark S Schwartz	officer: V.P., C.A.O. and Treasurer	C/O LOEWS CORPORATION, 667 MADISON AVENUE, NEW YORK NY 10065-8087