U.S. Bancorp (BUE:USB) Interest Expense : ARS-6,479,944 Mil (TTM As of Dec. 2023)

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What is U.S. Bancorp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. U.S. Bancorp's interest expense for the three months ended in Dec. 2023 was ARS -1,318,372 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ARS-6,479,944 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. U.S. Bancorp's Operating Income for the three months ended in Dec. 2023 was ARS Mil. U.S. Bancorp's Interest Expense for the three months ended in Dec. 2023 was ARS Mil. 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.

U.S. Bancorp Interest Expense Historical Data

The historical data trend for U.S. Bancorp'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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U.S. Bancorp Interest Expense Chart

U.S. Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-265,514.33

-163,980.69

-100,283.07

-539,330.04

-4,552,571.00

U.S. Bancorp 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															-460,291.51	-746,639.99	-1,231,124.13	-1,318,372.00	-3,183,807.55

U.S. Bancorp 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 ARS-6,479,944 Mil.

U.S. Bancorp (BUE:USB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » U.S. Bancorp (BUE:USB) » Definitions » Interest Expense

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Address

800 Nicollet Mall, Minneapolis, MN, USA, 55402

Website

https://www.usbank.com

As a diversified financial-services provider, U.S. Bancorp is one of the nation's largest regional banks, with branches in roughly 26 states, primarily in the Western and Midwestern United States. The bank offers many services, including retail banking, commercial banking, trust and wealth services, credit cards, mortgages, and other payments capabilities.