Interactive Brokers Group (Interactive Brokers Group) Interest Expense : $-3,739 Mil (TTM As of Dec. 2023)

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What is Interactive Brokers Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Interactive Brokers Group's interest expense for the three months ended in Dec. 2023 was $ -965 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-3,739 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. Interactive Brokers Group's Operating Income for the three months ended in Dec. 2023 was $ 1,780 Mil. Interactive Brokers Group's Interest Expense for the three months ended in Dec. 2023 was $ -965 Mil. Interactive Brokers Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.84. 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.

Interactive Brokers Group Interest Expense Historical Data

The historical data trend for Interactive Brokers 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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Interactive Brokers Group Interest Expense Chart

Interactive Brokers Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-643.00

-261.00

-224.00

-1,018.00

-3,436.00

Interactive Brokers 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	Get a 7-Day Free Trial															-710.00	-851.00	-910.00	-965.00	-1,013.00

Interactive Brokers 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 quarterly data reported by the company within the most recent 12 months, which was $-3,739 Mil.

Interactive Brokers Group (NAS:IBKR) 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.

Interactive Brokers Group's Interest Expense for the three months ended in Dec. 2023 was $-965 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,780 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $11,347 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1780	/	-965
	=	1.84

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

Interactive Brokers Group (Interactive Brokers Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Interactive Brokers Group Inc (NAS:IBKR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

IBKR:Mexico KY6:Germany KY6:Germany

Address

One Pickwick Plaza, Greenwich, CT, USA, 06830

Website

https://www.interactivebrokers.com

Interactive Brokers is an online brokerage that generates trading commissions (around 43% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and ETFs. Interactive Brokers also generates net interest income (about 54% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about negative 3% of net revenue). The firm derives about 70% of its net revenue from the U.S. and 30% from international markets.

Executives

Thomas Aj Frank	officer: Exec V.P & Chief Info Officer	ONE PICKWICK PLAZA, GREENWICH CT 06830
Paul Jonathan Brody	director, CFO, Treasurer & Secretary	ONE PICKWICK PLAZA, GREENWICH CT 06830
Philip Uhde	director, other: See Remarks	63 CROSBY STREET, 4TH FLOOR, NEW YORK NY 10012
Thomas Peterffy	director, officer: Chairman, CEO & President	ONE PICKWICK PLAZA, GREENWICH CT 06830
Jill Bright	director	1334 YORK AVENUE, NEW YORK NY 10021
Denis Mendonca	officer: Chief Accounting Officer	ONE PICKWICK PLAZA, GREENWICH CT 06830
Earl H Nemser	director, Vice Chairman	ONE PICKWICK PLAZA, GREENWICH CT 06830
Nicole Yuen	director	ONE PICKWICK PLAZA, GREENWICH CT 06830
William Peterffy	director	ONE PICKWICK PLAZA, GREENWICH CT 06830
Echinus Advisors, Llc	director, other: See Remarks	63 CROSBY STREET, 4TH FLOOR, NEW YORK NY 10012
John M. Damgard	director	ONE PICKWICK PLAZA, GREENWICH CT 06830
Milan Galik	director, officer: Sr. V.P. Software Development	ONE PICKWICK PLAZA, GREENWICH CT 06830
Kenneth James Winston	director	870 S SAN RAFAEL AVE, PASADENA CA 91105
Gary Katz	director	ONE PICKWICK PLAZA, GREENWICH CT 06830
Wayne Hilbert Wagner	director	4337 CITY DRIVE, PENTHOUSE 43, MARINA DEL REY CA 90292