OMC (Omnicom Group) Interest Expense : $-245 Mil (TTM As of Dec. 2024)

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What is Omnicom Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Omnicom Group's interest expense for the three months ended in Dec. 2024 was $ -62 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-245 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. Omnicom Group's Operating Income for the three months ended in Dec. 2024 was $ 685 Mil. Omnicom Group's Interest Expense for the three months ended in Dec. 2024 was $ -62 Mil. Omnicom Group's Interest Coverage for the quarter that ended in Dec. 2024 was 11.00. 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.

Omnicom Group Interest Expense Historical Data

The historical data trend for Omnicom 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.

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Omnicom Group Interest Expense Chart

Omnicom Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-216.60

-202.60

-200.50

-215.60

-245.20

Omnicom Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-49.70	-53.80	-62.70	-66.40	-62.30

Omnicom 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-245 Mil.

Omnicom Group (NYSE:OMC) 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.

Omnicom Group's Interest Expense for the three months ended in Dec. 2024 was $-62 Mil. Its Operating Income for the three months ended in Dec. 2024 was $685 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $6,850 Mil.

Omnicom Group's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	685.3	/	-62.3
	=	11.00

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

Omnicom Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Omnicom Group Inc (NYSE:OMC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

0KBK:UK OCN:Germany OCN:Germany O1MC34:Brazil

Address

280 Park Avenue, New York, NY, USA, 10017

Website

https://www.omnicomgroup.com

Omnicom is a holding company that owns several advertising agencies and related firms. It provides traditional and digital advertising services that include creative design, market research, data analytics, and ad placement. In addition, Omnicom provides outsourced public relations and other communications services. The firm operates globally, providing services in more than 70 countries; it generates more than half of its revenue in North America and nearly 30% in Europe. The firm announced plans to merge with Interpublic Group in December 2024, pending regulatory approval.

Executives

Andrew Castellaneta	officer: SVP, Chief Accounting Officer	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Rochelle M. Tarlowe	officer: Senior VP and Treasurer	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Linda Johnson Rice	director
Mark D Gerstein	director	C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017
Jonathan B. Nelson	officer: CEO, Omnicom Digital	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
John Wren	director, officer: President and CEO
Louis F Januzzi	officer: Senior VP, Gen. Counsel & Sec.	C/O OMNICOMGROUP, 280 PARK AVENUE, NEW YORK NY 10017
Michael J Obrien	officer: Senior VP, Gen. Counsel & Sec.	C/O OMNICOM GROUP INC, 437 MADISON AVE, NEW YORK NY 10022
Patricia Salas Pineda	director	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Coleman Leonard S Jr	director	C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, REDWOOD CITY, CA 94065
Dennis E. Hewitt	officer: Treasurer	437 MADISON AVENUE, NEW YORK NY 10022
Ronnie S. Hawkins	director	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Peter K. Sherman	officer: Executive Vice President	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Gracia C Martore	director	C/O OMNICOM GROUP INC., 437 MADISON AVENUE, NEW YORK NY 10022
Bruce Crawford	director, officer: Chairman