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AXA (XTER:AXA) Interest Expense : €-595 Mil (TTM As of Jun. 2024)


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What is AXA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AXA's interest expense for the six months ended in Jun. 2024 was € -292 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-595 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. AXA's Operating Income for the six months ended in Jun. 2024 was € 5,797 Mil. AXA's Interest Expense for the six months ended in Jun. 2024 was € -292 Mil. AXA's Interest Coverage for the quarter that ended in Jun. 2024 was 19.85. 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.

AXA Interest Expense Historical Data

The historical data trend for AXA'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.

AXA Interest Expense Chart

AXA 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 -720.00 -878.00 -462.00 -652.00 -609.00

AXA 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 -260.00 -392.00 -306.00 -303.00 -292.00

AXA 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 €-595 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.

AXA  (XTER:AXA) 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.

AXA's Interest Expense for the six months ended in Jun. 2024 was €-292 Mil. Its EBIT for the six months ended in Jun. 2024 was €5,797 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €71,091 Mil.

AXA'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*5797/-292
=19.85

* 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.

AXA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AXA SA (XTER:AXA) » Definitions » Interest Expense
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Traded in Other Exchanges
AXAHY:USA AXAHF:USA 1CS:Italy CSp:UK 0HAR:UK CS:France AXAA:Germany AXA:Germany AXA:Germany AXAA:Germany AXA:Germany CS:Austria
Address
25, Avenue Matignon, Paris, FRA, 75008
Website
https://www.axa.com
AXA's origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French security system. With the threat of nationalization, a merger took place between three insurance groups: The Drouot Group, AXA (still known as Mutuelles Unies in 1982), and Presence Group. Ten years later, AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought UAP, a French insurer. Yet, as markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in US investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About five years ago, AXA started to reshape its portfolio to technical risks.

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