AUB Group (ASX:AUB) Interest Expense : A$-87.1 Mil (TTM As of Dec. 2023)

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What is AUB Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AUB Group's interest expense for the six months ended in Dec. 2023 was A$ -43.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-87.1 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. AUB Group's Operating Income for the six months ended in Dec. 2023 was A$ 32.6 Mil. AUB Group's Interest Expense for the six months ended in Dec. 2023 was A$ -43.3 Mil. AUB Group's Interest Coverage for the quarter that ended in Dec. 2023 was 0.75. 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.

AUB Group Interest Expense Historical Data

The historical data trend for AUB 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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AUB Group Interest Expense Chart

AUB Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-6.60

-7.06

-6.44

-5.74

-68.10

AUB Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-3.51	-2.23	-24.34	-43.77	-43.33

AUB 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 A$-87.1 Mil.

AUB Group (ASX:AUB) 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.

AUB Group's Interest Expense for the six months ended in Dec. 2023 was A$-43.3 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$32.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$722.3 Mil.

AUB 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	*	32.556	/	-43.327
	=	0.75

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

AUB Group (ASX:AUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AUB Group Ltd (ASX:AUB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

A5H:Germany

Address

141 Walker Street, Level 14, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.aubgroup.com.au

AUB Group is the second-largest general insurance broker network in Australia and New Zealand. It has an ownership in brokerage businesses which collectively write over AUD 5 billion in premiums. It also owns equity stakes in 27 underwriting agencies. AUB derives revenue from commissions (from insurers, ultimately paid for by AUB's customers) based on gross written premium, or GWP, from agencies it owns, and a share of profits from associates and joint ventures. GWP is split between personal (7%), small to medium enterprises (65%), and corporates (28%).