AXA (AXAHF) Interest Expense : $-645 Mil (TTM As of Jun. 2024)

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What is AXA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AXA's interest expense for the six months ended in Jun. 2024 was $ -314 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-645 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. AXA's Operating Income for the six months ended in Jun. 2024 was $ 6,240 Mil. AXA's Interest Expense for the six months ended in Jun. 2024 was $ -314 Mil. AXA's Interest Coverage for the quarter that ended in Jun. 2024 was 19.85. 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.

AXA Interest Expense Historical Data

The historical data trend for AXA'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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AXA Interest Expense Chart

AXA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-800.00

-1,068.13

-522.03

-690.68

-664.12

AXA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-274.84	-415.25	-331.53	-330.43	-314.32

AXA 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-645 Mil.

AXA (OTCPK:AXAHF) 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.

AXA's Interest Expense for the six months ended in Jun. 2024 was $-314 Mil. Its EBIT for the six months ended in Jun. 2024 was $6,240 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $76,524 Mil.

AXA's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	6240.043	/	-314.316
	=	19.85

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

AXA Business Description

Industry

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Traded in Other Exchanges

AXAHY:USA 1CS:Italy CSp:UK 0HAR:UK CS:France AXA:Germany AXAA:Germany AXA:Germany AXA:Germany AXAA:Germany AXA:Germany CS:Austria

Address

25, Avenue Matignon, Paris, FRA, 75008

Website

https://www.axa.com

AXA's origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French security system. With the threat of nationalization, a merger took place between three insurance groups: The Drouot Group, AXA (still known as Mutuelles Unies in 1982), and Presence Group. Ten years later, AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought UAP, a French insurer. Yet, as markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in US investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About five years ago, AXA started to reshape its portfolio to technical risks.