KKR (KKRPB.PFD) Interest Expense : $-2,945.97 Mil (TTM As of Dec. 2023)

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What is KKR Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. KKR's interest expense for the three months ended in Dec. 2023 was $ -800.37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2,945.97 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. KKR's Operating Income for the three months ended in Dec. 2023 was $ 361.30 Mil. KKR's Interest Expense for the three months ended in Dec. 2023 was $ -800.37 Mil. KKR's Interest Coverage for the quarter that ended in Dec. 2023 was 0.45. 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.

KKR Interest Expense Historical Data

The historical data trend for KKR'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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KKR Interest Expense Chart

KKR Annual Data

Trend

Dec14

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Dec16

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Dec23

Interest Expense

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-1,043.55

-969.87

-1,132.03

-1,637.96

-2,945.97

KKR 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															-577.62	-616.60	-759.94	-769.07	-800.37

KKR 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 $-2,945.97 Mil.

KKR (NYSE:KKRpB.PFD) 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.

KKR's Interest Expense for the three months ended in Dec. 2023 was $-800.37 Mil. Its Operating Income for the three months ended in Dec. 2023 was $361.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $49,187.58 Mil.

KKR'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	*	361.295	/	-800.366
	=	0.45

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

KKR (KKRPB.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » KKR & Co Inc (NYSE:KKRpB.PFD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

KKR:USA KKRC:Mexico KR51:Germany

Address

30 Hudson Yards, New York, NY, USA, 10001

Website

https://www.kkr.com

KKR is one of the world's largest alternative asset managers, with $518.5 billion in total assets under management, including $420.0 billion in fee-earning AUM, at the end of June 2023. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the October 2020 purchase of a 61.5% economic stake in Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance). On the asset management side, private markets account for 50% of fee-earning AUM and 70% of base management fees, while public markets account for 50% and 30%, respectively.