Allstate (LTS:0HCZ) Interest Expense : $-390 Mil (TTM As of Mar. 2024)

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What is Allstate Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Allstate's interest expense for the three months ended in Mar. 2024 was $ -97 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-390 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. Allstate's Operating Income for the three months ended in Mar. 2024 was $ 1,561 Mil. Allstate's Interest Expense for the three months ended in Mar. 2024 was $ -97 Mil. Allstate's Interest Coverage for the quarter that ended in Mar. 2024 was 16.09. 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.

Allstate Interest Expense Historical Data

The historical data trend for Allstate'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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Allstate Interest Expense Chart

Allstate Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

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Dec23

Interest Expense

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-327.00

-318.00

-330.00

-335.00

-379.00

Allstate 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															-86.00	-98.00	-88.00	-107.00	-97.00

Allstate 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 $-390 Mil.

Allstate (LTS:0HCZ) 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.

Allstate's Interest Expense for the three months ended in Mar. 2024 was $-97 Mil. Its EBIT for the three months ended in Mar. 2024 was $1,561 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $7,938 Mil.

Allstate'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	*	1561	/	-97
	=	16.09

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

Allstate (LTS:0HCZ) Business Description

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Address

3100 Sanders Road, Northbrook, IL, USA, 60062

Website

https://www.allstate.com

Allstate is one of the largest U.S. property and casualty insurers in the U.S. Personal auto represents the largest percentage of revenue, but the company offers homeowners insurance and other insurance products. Allstate products are sold in North America primarily by about 10,000 company agencies.

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