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LGGNY (Legal & General Group) Interest Expense : $-459 Mil (TTM As of Jun. 2024)


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What is Legal & General Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Legal & General Group's interest expense for the six months ended in Jun. 2024 was $ -239 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-459 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. Legal & General Group's Operating Income for the six months ended in Jun. 2024 was $ 641 Mil. Legal & General Group's Interest Expense for the six months ended in Jun. 2024 was $ -239 Mil. Legal & General Group's Interest Coverage for the quarter that ended in Jun. 2024 was 2.68. 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.

Legal & General Group Interest Expense Historical Data

The historical data trend for Legal & General 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.

* Premium members only.

Legal & General Group Interest Expense Chart

Legal & General Group 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 -352.56 -409.95 -390.96 -353.23 -439.24

Legal & General Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -178.57 -176.61 -218.43 -220.25 -239.19

Legal & General 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-459 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.

Legal & General Group  (OTCPK:LGGNY) 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.

Legal & General Group's Interest Expense for the six months ended in Jun. 2024 was $-239 Mil. Its EBIT for the six months ended in Jun. 2024 was $641 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $7,752 Mil.

Legal & General Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* EBIT (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*641.221/-239.186
=2.68

* 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.

Legal & General Group Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legal & General Group PLC (OTCPK:LGGNY) » Definitions » Interest Expense
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Address
One Coleman Street, London, GBR, EC2R 5AA
Website
https://www.legalandgeneralgroup.com
Legal & General Group PLC operates across four broad business areas of retirement, investment management, capital investment, and Retail. The retirement business provides guaranteed retirement income for corporate pension scheme members. The Investment Management business provides investment management services for both individuals and corporations, including managing pension funds. Capital investment uses customers' pension assets, as well as the group's shareholder capital, to make long-term investments in assets such as clean energy, housing, and SME finance. The Retail business provides of UK retail retirement and protection solutions and US brokerage term life insurance. The majority of its assets under management are derived from the United Kingdom and Europe.