Apollo Global Management (Apollo Global Management) Interest Expense

: $-258 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apollo Global Management's interest expense for the three months ended in Dec. 2023 was $ -80 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-258 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. Apollo Global Management's Operating Income for the three months ended in Dec. 2023 was $ 2,104 Mil. Apollo Global Management's Interest Expense for the three months ended in Dec. 2023 was $ -80 Mil. Apollo Global Management's Interest Coverage for the quarter that ended in Dec. 2023 was 26.30. 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.

Apollo Global Management Interest Expense Historical Data

The historical data trend for Apollo Global Management'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.

Apollo Global Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-126.78

-381.00

-907.00

-221.00

-258.00

Apollo Global Management Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-51.00	-60.00	-54.00	-64.00	-80.00

Apollo Global Management 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 $-258 Mil.

Apollo Global Management (NYSE:APO) 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.

Apollo Global Management's Interest Expense for the three months ended in Dec. 2023 was $-80 Mil. Its Operating Income for the three months ended in Dec. 2023 was $2,104 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $8,061 Mil.

Apollo Global Management'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	*	2104	/	-80
	=	26.30

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

Apollo Global Management (Apollo Global Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Apollo Global Management Inc (NYSE:APO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N7I:Germany N7I:Germany

Address

9 West 57th Street, 42nd Floor, New York, NY, USA, 10019

Website

https://www.apollo.com

Apollo Global Management Inc is an alternative investment manager. It serves various sectors such as chemicals, manufacturing and industrial, natural resources, consumer and retail, consumer services, business services, financial services, leisure, and media and telecom and technology. The company operates in three business segments that are Asset Management, Retirement Services, and Principal Investing. It generates maximum revenue from the Retirement Services segment.

Executives

James C Zelter	director, officer: Co-President (See Remarks)	APOLLO INVESTMENT CORPORATION, 9 WEST 57TH STREET, 14TH FLOOR, NEW YORK NY 10019
Martin Kelly	officer: Chief Financial Officer	APOLLO GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 48TH FLOOR, NEW YORK NY 10019
A B Krongard	director	C/O UNDER ARMOUR, INC., 1020 HULL STREET, BALTIMORE MD 21230
Joshua Harris	other: See Remarks	404 WASHINGTON AVE, PH 810, MIAMI FL 33139
Mjh Partners Ii Llc	other: See Remarks	404 WASHINGTON AVE, PH 810, MIAMI FL 33139
Patrick Toomey	director	C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 42ND FLOOR, NEW YORK NY 10019
John J Suydam	officer: Chief Legal Officer	C/O APOLLO MANAGEMENT LP, 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Clayton Walter Joseph Iii	director	C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Jessica M Bibliowicz	director	NATIONAL FINANCIAL PARTNERS CORP., 340 MADISON AVENUE, 20TH FL, NEW YORK NY 10173
Louis-jacques Tanguy	officer: Chief Acct. Off. & Controller	C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
James Richard Belardi	director, officer: CEO of Athene Holding Ltd.	C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Alchemy Group Holdings Llc	other: See Remarks	65 EAST 55TH STREET, 31ST FLOOR, NEW YORK NY 10022
Rwnm Series A Holdings Llc	other: See Remarks	65 EAST 55TH STREET, 31ST FLOOR, NEW YORK NY 10022
Heritage Trust U/a/d 11/12/2018	other: See remarks.	ELYSIUM MANAGEMENT LLC, SUITE 1401, 445 PARK AVENUE, NEW YORK NY 10022
Ldb 2014 Llc	other: See remarks.	ELYSIUM MANAGEMENT LLC, SUITE 1401, 445 PARK AVENUE, NEW YORK NY 10022