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American Equity Investment Life Holding Co (FRA:AM5) Interest Expense : €-48 Mil (TTM As of Mar. 2024)


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What is American Equity Investment Life Holding Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. American Equity Investment Life Holding Co's interest expense for the three months ended in Mar. 2024 was € -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-48 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. American Equity Investment Life Holding Co's Operating Income for the three months ended in Mar. 2024 was € 413 Mil. American Equity Investment Life Holding Co's Interest Expense for the three months ended in Mar. 2024 was € -12 Mil. American Equity Investment Life Holding Co's Interest Coverage for the quarter that ended in Mar. 2024 was 34.73. 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.

American Equity Investment Life Holding Co Interest Expense Historical Data

The historical data trend for American Equity Investment Life Holding Co'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.

American Equity Investment Life Holding Co Interest Expense Chart

American Equity Investment Life Holding Co 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 -37.16 -25.57 -27.35 -35.33 -46.99

American Equity Investment Life Holding Co 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 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 -11.54 -11.60 -12.50 -11.91 -11.89

American Equity Investment Life Holding Co 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 €-48 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.

American Equity Investment Life Holding Co  (FRA:AM5) 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.

American Equity Investment Life Holding Co's Interest Expense for the three months ended in Mar. 2024 was €-12 Mil. Its EBIT for the three months ended in Mar. 2024 was €413 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €794 Mil.

American Equity Investment Life Holding Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* EBIT (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*412.909/-11.889
=34.73

* 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.

American Equity Investment Life Holding Co (FRA:AM5) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » American Equity Investment Life Holding Co (FRA:AM5) » Definitions » Interest Expense
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Address
6000 Westown Parkway, West Des Moines, IA, USA, 50266
Website
https://www.american-equity.com
American Equity Investment Life Holding Co is a financial services company. Its core business is selling fixed-index and fixed-rate annuity products through its subsidiaries, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. The company is licensed to sell its products in 50 states and the District of Columbia. Its targeted clients are individuals aged 45-75 who are interested in accumulating tax-deferred savings or creating guaranteed lifetime income.

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