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AIA Group (AIA Group) Interest Expense : $-485 Mil (TTM As of Dec. 2023)


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What is AIA Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AIA Group's interest expense for the six months ended in Dec. 2023 was $ -253 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-485 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. AIA Group's Operating Income for the six months ended in Dec. 2023 was $ 2,196 Mil. AIA Group's Interest Expense for the six months ended in Dec. 2023 was $ -253 Mil. AIA Group's Interest Coverage for the quarter that ended in Dec. 2023 was 8.68. 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.

AIA Group Interest Expense Historical Data

The historical data trend for AIA 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.

* Premium members only.

AIA Group Interest Expense Chart

AIA Group Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -283.00 -292.00 -357.00 -394.00 -485.00

AIA Group Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -181.00 -183.00 -211.00 -232.00 -253.00

AIA 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-485 Mil.

* 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.

AIA Group  (OTCPK:AAIGF) Interest Expense 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.

AIA Group's Interest Expense for the six months ended in Dec. 2023 was $-253 Mil. Its EBIT for the six months ended in Dec. 2023 was $2,196 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $12,165 Mil.

AIA Group'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*2196/-253
=8.68

* 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.

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

AIA Group (AIA Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AIA Group Ltd (OTCPK:AAIGF) » Definitions » Interest Expense
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HKSE:00966 HKSE:00376 HKSE:00662 SHSE:601628 SHSE:601318 BOM:543526 AFL MET PRU SHSE:601601 TSX:MFC LSE:PRU TSX:GWO TPE:2881 TSE:8750 TPE:2882 BOM:540777 BOM:540719 TSX:POW SHSE:601336
Traded in Other Exchanges
AAGIY:USA 1299:Mexico 01299:Hong Kong 7A2S:Germany 7A2:Germany 7A2:Germany
Address
No. 1 Connaught Road Central, 35th Floor, AIA Central, Hong Kong, HKG
Website
https://www.aia.com
AIA is one of the largest pan-Asian insurance providers with a wide range of products including retirement savings plans, life insurance, and accident and health insurance. The company is headquartered in Hong Kong. It was previously part of AIG and went for a separate listing in Hong Kong in 2010. The firm also provides employee benefits, credit life, and pension services to corporate clients. AIA is present in 18 markets and serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes.

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