Suncorp Group (ASX:SUNPE.PFD) Interest Expense : A$-2,799.00 Mil (TTM As of Dec. 2023)

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What is Suncorp Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Suncorp Group's interest expense for the six months ended in Dec. 2023 was A$ -1,699.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-2,799.00 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. Suncorp Group's Operating Income for the six months ended in Dec. 2023 was A$ 2,569.00 Mil. Suncorp Group's Interest Expense for the six months ended in Dec. 2023 was A$ -1,699.00 Mil. Suncorp Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.51. 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.

Suncorp Group Interest Expense Historical Data

The historical data trend for Suncorp 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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Suncorp Group Interest Expense Chart

Suncorp Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-1,467.00

-989.00

-521.00

-378.00

-1,762.00

Suncorp 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															-188.00	-190.00	-662.00	-1,100.00	-1,699.00

Suncorp 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$-2,799.00 Mil.

Suncorp Group (ASX:SUNPE.PFD) 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.

Suncorp Group's Interest Expense for the six months ended in Dec. 2023 was A$-1,699.00 Mil. Its EBIT for the six months ended in Dec. 2023 was A$2,569.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$23,619.00 Mil.

Suncorp 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	*	2569	/	-1699
	=	1.51

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Suncorp Group Ltd interest coverage is 1.61, which is low.

Suncorp Group (ASX:SUNPE.PFD) Business Description

Industry

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

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Traded in Other Exchanges

SNMYF:USA SNMCY:USA SU4:Germany SUNPI.PFD:Australia SUNPH.PFD:Australia SUNPG.PFD:Australia SUN:Australia

Address

80 Ann Street, Level 23, Heritage Lanes, Brisbane, QLD, AUS, 4000

Website

https://www.suncorpgroup.com.au

Suncorp is a Queensland-based financial services conglomerate offering retail and business banking, general insurance, superannuation, and investment products in Australia and New Zealand. It also operates a life insurance business in New Zealand. The core businesses include personal insurance, commercial insurance, Vero New Zealand, and Suncorp Bank. Suncorp and competitors IAG Insurance and QBE Insurance dominate the Australian and New Zealand insurance markets.

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