Woori Financial Group (FRA:2WGA) Interest Expense : €-8,742 Mil (TTM As of Mar. 2024)

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What is Woori Financial Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Woori Financial Group's interest expense for the three months ended in Mar. 2024 was € -2,260 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-8,742 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. Woori Financial Group's Operating Income for the three months ended in Mar. 2024 was € Mil. Woori Financial Group's Interest Expense for the three months ended in Mar. 2024 was € 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.

Woori Financial Group Interest Expense Historical Data

The historical data trend for Woori Financial 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.

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Woori Financial Group Interest Expense Chart

Woori Financial Group Annual Data

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Interest Expense

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-3,587.93

-2,649.35

-2,174.61

-4,347.93

-8,365.10

Woori Financial Group 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															-1,938.29	-2,031.04	-2,143.56	-2,307.14	-2,260.01

Woori Financial 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-8,742 Mil.

Woori Financial Group (FRA:2WGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Woori Financial Group Inc (FRA:2WGA) » Definitions » Interest Expense

Traded in Other Exchanges

WF:USA 316140:Korea

Address

51, Sogong-ro, Jung-gu, Seoul, KOR, 04632

Website

https://www.woorifg.com

Woori is one of Korea's four largest commercial banking groups. It was formed in 2001 through the merger of several financially troubled banks affected by the Asian financial crisis and became temporarily 100% government-owned after a bailout. It had been the largest banking group by assets but is now number four after the government required the sale of a number of subsidiaries in 2014 in an effort to recoup taxpayer money. The government has completed the process of fully divesting itself of Woori, with Korea Deposit Insurance selling its final 1.2% stake in late 2023.

Woori Financial Group (FRA:2WGA) Headlines

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