CVS Health (BSP:CVSH34) Interest Expense : R$-13,201 Mil (TTM As of Dec. 2023)

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What is CVS Health Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CVS Health's interest expense for the three months ended in Dec. 2023 was R$ -3,381 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-13,201 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. CVS Health's Operating Income for the three months ended in Dec. 2023 was R$ 16,527 Mil. CVS Health's Interest Expense for the three months ended in Dec. 2023 was R$ -3,381 Mil. CVS Health's Interest Coverage for the quarter that ended in Dec. 2023 was 4.89. 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.

CVS Health Interest Expense Historical Data

The historical data trend for CVS Health'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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CVS Health Interest Expense Chart

CVS Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12,457.16

-14,955.64

-14,154.22

-11,996.23

-13,023.67

CVS Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2,895.46	-3,067.87	-3,329.64	-3,422.52	-3,380.86

CVS Health 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 R$-13,201 Mil.

CVS Health (BSP:CVSH34) 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.

CVS Health's Interest Expense for the three months ended in Dec. 2023 was R$-3,381 Mil. Its Operating Income for the three months ended in Dec. 2023 was R$16,527 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was R$365,878 Mil.

CVS Health'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	*	16527.025	/	-3380.862
	=	4.89

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

CVS Health (BSP:CVSH34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » CVS Health Corp (BSP:CVSH34) » Definitions » Interest Expense

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Address

One CVS Drive, Woonsocket, RI, USA, 02895

Website

https://www.cvshealth.com

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.

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