Voya Financial (FRA:V0Y) Interest Expense : €-284 Mil (TTM As of Mar. 2024)

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What is Voya Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Voya Financial's interest expense for the three months ended in Mar. 2024 was € -52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-284 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. Voya Financial's Operating Income for the three months ended in Mar. 2024 was € 316 Mil. Voya Financial's Interest Expense for the three months ended in Mar. 2024 was € -52 Mil. Voya Financial's Interest Coverage for the quarter that ended in Mar. 2024 was 6.04. 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.

Voya Financial Interest Expense Historical Data

The historical data trend for Voya Financial'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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Voya Financial Interest Expense Chart

Voya Financial Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-190.80

-152.89

-198.24

-172.75

-273.27

Voya Financial 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															-44.83	-86.76	-71.21	-73.36	-52.44

Voya Financial 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 €-284 Mil.

Voya Financial (FRA:V0Y) 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.

Voya Financial's Interest Expense for the three months ended in Mar. 2024 was €-52 Mil. Its EBIT for the three months ended in Mar. 2024 was €316 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €2,829 Mil.

Voya Financial'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	*	316.48	/	-52.44
	=	6.04

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

Voya Financial (FRA:V0Y) Business Description

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Address

230 Park Avenue, New York, NY, USA, 10169

Website

https://www.voya.com

Voya Financial Inc is a financial services company, which, through its subsidiaries, provides various investment, insurance, and retirement solutions to individual and institutional clients in the United States. Its products and services include tax savings plans, individual retirement accounts, group life insurance plans, and employee benefits products, among others. The company tailors each of its products to the needs of its customer base. It operates its business through three principal lines: Wealth Solutions, Investment Management, and Health Solutions The Wealth segment generates roughly half of the company's revenue.

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