Altria Group (LTS:0R31) Interest Expense : $-1,174 Mil (TTM As of Mar. 2024)

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What is Altria Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altria Group's interest expense for the three months ended in Mar. 2024 was $ -254 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1,174 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. Altria Group's Operating Income for the three months ended in Mar. 2024 was $ 2,674 Mil. Altria Group's Interest Expense for the three months ended in Mar. 2024 was $ -254 Mil. Altria Group's Interest Coverage for the quarter that ended in Mar. 2024 was 10.53. 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.

Altria Group Interest Expense Historical Data

The historical data trend for Altria 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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Altria Group Interest Expense Chart

Altria Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,322.00

-1,223.00

-1,188.00

-1,128.00

-1,149.00

Altria 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															-229.00	-257.00	-272.00	-391.00	-254.00

Altria 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 $-1,174 Mil.

Altria Group (LTS:0R31) 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.

Altria Group's Interest Expense for the three months ended in Mar. 2024 was $-254 Mil. Its Operating Income for the three months ended in Mar. 2024 was $2,674 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $25,042 Mil.

Altria 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	*	2674	/	-254
	=	10.53

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

Altria Group (LTS:0R31) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Altria Group Inc (LTS:0R31) » Definitions » Interest Expense

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Traded in Other Exchanges

MO:USA MO:Mexico 1MO:Italy PHM7d:UK PHM7:Germany PHM7:Germany PHM7:Germany PHM7:Germany MO:Chile MOOO34:Brazil ALTR:Austria MO:Argentina

Address

6601 West Broad Street, Richmond, VA, USA, 23230

Website

https://www.altria.com

Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations and Helix Innovations. It holds a 10% interest in the world's largest brewer, Anheuser-Busch InBev. Through its tobacco subsidiaries, Altria holds the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the U.S. with a 42% annual share in 2022. Altria holds a 42% stake in cannabis manufacturer Cronos, has acquired Njoy Holdings in 2023, and recently exited its strategic investment in Juul Labs.

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