GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » The Cigna Group (BSP:C1IC34) » Definitions » Interest Expense

The Cigna Group (BSP:C1IC34) Interest Expense : R$-7,469 Mil (TTM As of Sep. 2024)


View and export this data going back to 2020. Start your Free Trial

What is The Cigna Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Cigna Group's interest expense for the three months ended in Sep. 2024 was R$ -2,082 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was R$-7,469 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. The Cigna Group's Operating Income for the three months ended in Sep. 2024 was R$ 8,683 Mil. The Cigna Group's Interest Expense for the three months ended in Sep. 2024 was R$ -2,082 Mil. The Cigna Group's Interest Coverage for the quarter that ended in Sep. 2024 was 4.17. 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.

The Cigna Group Interest Expense Historical Data

The historical data trend for The Cigna 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.

* Premium members only.

The Cigna Group Interest Expense Chart

The Cigna Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6,903.77 -7,398.08 -6,831.12 -6,441.35 -7,085.11

The Cigna Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,802.63 -1,763.93 -1,603.50 -2,019.79 -2,082.21

The Cigna 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-7,469 Mil.

* 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.

The Cigna Group  (BSP:C1IC34) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

The Cigna Group's Interest Expense for the three months ended in Sep. 2024 was R$-2,082 Mil. Its EBIT for the three months ended in Sep. 2024 was R$8,683 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was R$167,408 Mil.

The Cigna Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* EBIT (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*8683.27/-2082.213
=4.17

* 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.

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

The Cigna Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » The Cigna Group (BSP:C1IC34) » Definitions » Interest Expense
Comparable Companies
ELV CVS HUM CNC MOH OSCR ALHC CLOV NEUE MRAI UNH SZSE:000503 BSP:ODPV3 NSE:MEDIASSIST BJSE:870656 BSP:QUAL3 ROCO:6665 MIL:HI TSXV:NXG PFHO
Traded in Other Exchanges
CI:USA CI:Mexico 0A77:UK CGN:Germany CGN:Germany CIGN:Austria
Address
900 Cottage Grove Road, Bloomfield, CT, USA, 06002
Website
https://www.cigna.com
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM and specialty pharmacy services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense, and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, and the company operates mostly in the US with 17 million US and 2 million international medical members covered as of September 2024.

The Cigna Group Headlines

No Headlines