Old Mutual (STU:2KS) Interest Expense : €-92 Mil (TTM As of Dec. 2023)

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What is Old Mutual Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Old Mutual's interest expense for the three months ended in Dec. 2023 was € -52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-92 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. Old Mutual's Operating Income for the three months ended in Dec. 2023 was € 332 Mil. Old Mutual's Interest Expense for the three months ended in Dec. 2023 was € -52 Mil. Old Mutual's Interest Coverage for the quarter that ended in Dec. 2023 was 6.39. 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.

Old Mutual Interest Expense Historical Data

The historical data trend for Old Mutual'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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Old Mutual Interest Expense Chart

Old Mutual Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-129.92

-91.69

-72.29

-81.51

-92.13

Old Mutual Quarterly Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-35.59	-41.93	-43.21	-40.23	-51.92

Old Mutual 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 €-92 Mil.

Old Mutual (STU:2KS) 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.

Old Mutual's Interest Expense for the three months ended in Dec. 2023 was €-52 Mil. Its EBIT for the three months ended in Dec. 2023 was €332 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €1,292 Mil.

Old Mutual's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	331.852	/	-51.921
	=	6.39

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

Old Mutual (STU:2KS) Business Description

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Traded in Other Exchanges

OMU:South Africa ODMUF:USA OMM:Namibia OMU:Malawi OMUl:UK OMU:UK

Address

Mutualpark, Jan Smuts Drive, Pinelands, Cape Town, WC, ZAF, 7405

Website

https://www.oldmutual.com

Old Mutual Ltd provides financial services that include wealth management, banking, asset management, and insurance. The firm is organized into the following operational segments: the mass and foundation cluster; Personal Finance and Wealth Management; Old Mutual Investments; Old Mutual corporate; Old Mutual Insure; Old Mutual Africa Regions; and other group activities.

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