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Ageas/ NV (WBO:AGS) Interest Expense : €-291 Mil (TTM As of Jun. 2024)


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What is Ageas/ NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ageas/ NV's interest expense for the six months ended in Jun. 2024 was € -143 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-291 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. Ageas/ NV's Operating Income for the six months ended in Jun. 2024 was € 1,005 Mil. Ageas/ NV's Interest Expense for the six months ended in Jun. 2024 was € -143 Mil. Ageas/ NV's Interest Coverage for the quarter that ended in Jun. 2024 was 7.03. 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.


Ageas/ NV Interest Expense Historical Data

The historical data trend for Ageas/ NV'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.

Ageas/ NV Interest Expense Chart

Ageas/ NV 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 -106.00 -118.00 -126.00 -153.00 -275.00

Ageas/ NV 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 -67.00 -86.00 -127.00 -148.00 -143.00

Ageas/ NV 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 €-291 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.


Ageas/ NV  (WBO:AGS) 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.

Ageas/ NV's Interest Expense for the six months ended in Jun. 2024 was €-143 Mil. Its EBIT for the six months ended in Jun. 2024 was €1,005 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €4,641 Mil.

Ageas/ NV'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*1005/-143
=7.03

* 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.


Ageas/ NV Business Description

Address
Avenue du Boulevard 21, Manhattan Center, Bolwerklaan 21, Brussels, BEL, 1210
Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and overly ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralised debt. As Fortis' capital began to decline, the company initiated a rights issue, and the long-held promised dividend was suspended. As Fortis' share price began to decline and financial market conditions continued to worsen, with a series of leadership changes customers began to withdraw deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgium government. It also spun off its insurance and asset management business.