GE (GE Aerospace) Interest Expense : $-1,128 Mil (TTM As of Sep. 2024)

View and export this data going back to 1892. Start your Free Trial

What is GE Aerospace Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GE Aerospace's interest expense for the three months ended in Sep. 2024 was $ -251 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1,128 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. GE Aerospace's Operating Income for the three months ended in Sep. 2024 was $ 1,241 Mil. GE Aerospace's Interest Expense for the three months ended in Sep. 2024 was $ -251 Mil. GE Aerospace's Interest Coverage for the quarter that ended in Sep. 2024 was 4.94. 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.

GE Aerospace Interest Expense Historical Data

The historical data trend for GE Aerospace'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.

GE Aerospace Interest Expense Chart

GE Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-2,927.00

-3,515.00

-1,790.00

-1,477.00

-1,118.00

GE Aerospace 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															-270.00	-351.00	-278.00	-248.00	-251.00

GE Aerospace 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 $-1,128 Mil.

GE Aerospace (NYSE:GE) 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.

GE Aerospace's Interest Expense for the three months ended in Sep. 2024 was $-251 Mil. Its Operating Income for the three months ended in Sep. 2024 was $1,241 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $18,240 Mil.

GE Aerospace's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	1241	/	-251
	=	4.94

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

GE Aerospace Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » GE Aerospace (NYSE:GE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GE:Mexico GCPd:UK GCP:Germany GCP:Germany GCP:Germany GCP:Germany GE:Canada GEOO34:Brazil GE:Argentina

Address

One Financial Center, Suite 3700, Boston, MA, USA, 02111

Website

https://www.geaerospace.com

GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.

Executives

Russell Stokes	officer: Senior Vice President	ONE FINANCIAL CENTER, SUITE 3700, BOSTON MA 02111
Michael J Holston	officer: Senior Vice President	GENERAL ELECTRIC COMPANY, ONE FINANCIAL CENTER, SUITE 3700, BOSTON MA 02111
Rahul Ghai	officer: Senior Vice President	GENERAL ELECTRIC COMPANY, 5 NECCO STREET, BOSTON MA 02210
Scott Strazik	officer: Senior Vice President	ONE FINANCIAL CENTER, SUITE 3700, BOSTON MA 02111
Jessica R. Uhl	director	200 WEST STREET, NEW YORK NY 10282
Thomas S Timko	officer: Vice President	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Darren W Mcdew	director	100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064
L Kevin Cox	officer: Senior Vice President	THE PEPSI BOTTLING GROUP, INC., ONE PEPSI WAY, SOMERS NY 10589
Happe Carolina Dybeck	officer: Senior Vice President	5 NECCO STREET, BOSTON MA 02210
John S. Slattery	officer: Executive Vice President	5 NECCO STREET, BOSTON MA 02210
Thomas W Horton	director	4333 AMON CARTER BLVD., FORTH WORTH TX 76155
Isabella D Goren	director	C/O LYONDELLBASELL INDUSTRIES N V, DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Francisco Dsouza	director	500 GLENPOINTE CENTRE W, TEANECK NJ 07666
Risa J Lavizzo-mourey	director	GE HEALTHCARE TECHNOLOGIES INC., 500 W. MONROE ST., CHICAGO IL 60661
Paula Rosput Reynolds	director	605 HILLSIDE DRIVE EAST, SEATTLE WA 98112