Verizon Communications (XSGO:VZ) Interest Expense : $-5,952 Mil (TTM As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Verizon Communications Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Verizon Communications's interest expense for the three months ended in Mar. 2024 was $ -1,635 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-5,952 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. Verizon Communications's Operating Income for the three months ended in Mar. 2024 was $ 7,521 Mil. Verizon Communications's Interest Expense for the three months ended in Mar. 2024 was $ -1,635 Mil. Verizon Communications's Interest Coverage for the quarter that ended in Mar. 2024 was 4.60. 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.

Verizon Communications Interest Expense Historical Data

The historical data trend for Verizon Communications'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.

Verizon Communications Interest Expense Chart

Verizon Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-4,730.00

-4,247.00

-3,485.00

-3,613.00

-5,524.00

Verizon Communications 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															-1,207.00	-1,285.00	-1,433.00	-1,599.00	-1,635.00

Verizon Communications 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 $-5,952 Mil.

Verizon Communications (XSGO:VZ) 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.

Verizon Communications's Interest Expense for the three months ended in Mar. 2024 was $-1,635 Mil. Its Operating Income for the three months ended in Mar. 2024 was $7,521 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $155,758 Mil.

Verizon Communications's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	7521	/	-1635
	=	4.60

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

Verizon Communications (XSGO:VZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Verizon Communications Inc (XSGO:VZ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

VZ:USA VZ:Peru VZ:Mexico VZ_KZ:Kazakhstan 1VZ:Italy BACd:UK 0Q1S:UK BAC:Germany VZ:Canada VERZ34:Brazil VZ:Austria VZ:Argentina

Address

1095 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.verizon.com

Verizon Communications is primarily a wireless business (it provides about 70% of service revenue and nearly all operating income). It serves about 92 million postpaid and 22 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.