Omnicom Group (Omnicom Group) Interest Expense

: $-215 Mil (TTM As of Mar. 2024)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Omnicom Group's interest expense for the three months ended in Mar. 2024 was $ -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-215 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. Omnicom Group's Operating Income for the three months ended in Mar. 2024 was $ 479 Mil. Omnicom Group's Interest Expense for the three months ended in Mar. 2024 was $ -54 Mil. Omnicom Group's Interest Coverage for the quarter that ended in Mar. 2024 was 8.90. 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.

Omnicom Group Interest Expense Historical Data

The historical data trend for Omnicom Group'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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Omnicom Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-238.90

-216.60

-202.60

-200.50

-215.60

Omnicom Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense																-54.90	-57.50	-53.50	-49.70	-53.80

Omnicom Group 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-215 Mil.

Omnicom Group (NYSE:OMC) 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.

Omnicom Group's Interest Expense for the three months ended in Mar. 2024 was $-54 Mil. Its Operating Income for the three months ended in Mar. 2024 was $479 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $6,328 Mil.

Omnicom Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	478.9	/	-53.8
	=	8.90

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

Omnicom Group (Omnicom Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Omnicom Group Inc (NYSE:OMC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

OCN:Germany O1MC34:Brazil

Address

280 Park Avenue, New York, NY, USA, 10017

Website

https://www.omnicomgroup.com

Omnicom is the world's second-largest ad holding company, based on annual revenue. The firm's services, which include traditional and digital advertising and public relations, are provided worldwide, with over 80% of its revenue coming from more developed regions such as North America and Europe.

Executives

Linda Johnson Rice	director
Andrew Castellaneta	officer: SVP, Chief Accounting Officer	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Mark D Gerstein	director	C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017
Rochelle M. Tarlowe	officer: Senior VP and Treasurer	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Jonathan B. Nelson	officer: CEO, Omnicom Digital	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
John Wren	director, officer: President and CEO
Louis F Januzzi	officer: Senior VP, Gen. Counsel & Sec.	C/O OMNICOMGROUP, 280 PARK AVENUE, NEW YORK NY 10017
Michael J Obrien	officer: Senior VP, Gen. Counsel & Sec.	C/O OMNICOM GROUP INC, 437 MADISON AVE, NEW YORK NY 10022
Patricia Salas Pineda	director	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Coleman Leonard S Jr	director	C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, REDWOOD CITY, CA 94065
Dennis E. Hewitt	officer: Treasurer	437 MADISON AVENUE, NEW YORK NY 10022
Ronnie S. Hawkins	director	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Peter K. Sherman	officer: Executive Vice President	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Gracia C Martore	director	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Bruce Crawford	director, officer: Chairman