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.

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Ageas/ NV Interest Expense Chart

Ageas/ NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-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															-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.

Ageas/ NV (WBO:AGS) 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.

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

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

Ageas/ NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ageas SA/ NV (WBO:AGS) » Definitions » Interest Expense

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Traded in Other Exchanges

AGESY:USA AGESF:USA 1AGS:Italy 0Q99:UK FO4N:Germany AGS:Belgium

Address

Avenue du Boulevard 21, Manhattan Center, Bolwerklaan 21, Brussels, BEL, 1210

Website

https://www.ageas.com

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.