GE Aerospace (GE Aerospace) Interest Expense

: $-1,118 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. GE Aerospace's interest expense for the three months ended in Dec. 2023 was $ -296 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,118 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. GE Aerospace's Operating Income for the three months ended in Dec. 2023 was $ 1,195 Mil. GE Aerospace's Interest Expense for the three months ended in Dec. 2023 was $ -296 Mil. GE Aerospace's Interest Coverage for the quarter that ended in Dec. 2023 was 4.04. 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.

GE Aerospace Interest Expense Historical Data

The historical data trend for GE Aerospace'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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GE Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-2,927.00

-3,515.00

-1,790.00

-1,477.00

-1,118.00

GE Aerospace Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-347.00	-269.00	-267.00	-286.00	-296.00

GE Aerospace 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 $-1,118 Mil.

GE Aerospace (NYSE:GE) 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.

GE Aerospace's Interest Expense for the three months ended in Dec. 2023 was $-296 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,195 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $21,684 Mil.

GE Aerospace'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	*	1195	/	-296
	=	4.04

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

GE Aerospace (GE Aerospace) Business Description

Industry

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Traded in Other Exchanges

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Address

5 Necco Street, Boston, MA, USA, 02210

Website

https://www.ge.com

GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.

Executives

Michael J Holston	officer: Senior Vice President	GENERAL ELECTRIC COMPANY, ONE FINANCIAL CENTER, SUITE 3700, BOSTON MA 02111
Rahul Ghai	officer: Senior Vice President	GENERAL ELECTRIC COMPANY, 5 NECCO STREET, BOSTON MA 02210
Scott Strazik	officer: Senior Vice President	ONE FINANCIAL CENTER, SUITE 3700, BOSTON MA 02111
Jessica R. Uhl	director	200 WEST STREET, NEW YORK NY 10282
Thomas S Timko	officer: Vice President	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Darren W Mcdew	director	100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064
L Kevin Cox	officer: Senior Vice President	THE PEPSI BOTTLING GROUP, INC., ONE PEPSI WAY, SOMERS NY 10589
Russell Stokes	officer: Senior Vice President	ONE FINANCIAL CENTER, SUITE 3700, BOSTON MA 02111
Happe Carolina Dybeck	officer: Senior Vice President	5 NECCO STREET, BOSTON MA 02210
John S. Slattery	officer: Executive Vice President	5 NECCO STREET, BOSTON MA 02210
Thomas W Horton	director	4333 AMON CARTER BLVD., FORTH WORTH TX 76155
Isabella D Goren	director	C/O LYONDELLBASELL INDUSTRIES N V, DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Francisco Dsouza	director	500 GLENPOINTE CENTRE W, TEANECK NJ 07666
Risa J Lavizzo-mourey	director	GE HEALTHCARE TECHNOLOGIES INC., 500 W. MONROE ST., CHICAGO IL 60661
Paula Rosput Reynolds	director	605 HILLSIDE DRIVE EAST, SEATTLE WA 98112