Aflac (AFL) Interest Expense : $-195 Mil (TTM As of Dec. 2023)

View and export this data going back to 1974. Start your Free Trial

What is Aflac Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aflac's interest expense for the three months ended in Dec. 2023 was $ -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-195 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. Aflac's Operating Income for the three months ended in Dec. 2023 was $ 337 Mil. Aflac's Interest Expense for the three months ended in Dec. 2023 was $ -47 Mil. Aflac's Interest Coverage for the quarter that ended in Dec. 2023 was 7.17. 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.

Aflac Interest Expense Historical Data

The historical data trend for Aflac'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.

Aflac Interest Expense Chart

Aflac Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-228.00

-242.00

-238.00

-226.00

-195.00

Aflac Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-55.00	-48.00	-51.00	-49.00	-47.00

Aflac 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 $-195 Mil.

Aflac (NYSE:AFL) 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.

Aflac's Interest Expense for the three months ended in Dec. 2023 was $-47 Mil. Its EBIT for the three months ended in Dec. 2023 was $337 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $7,364 Mil.

Aflac'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	*	337	/	-47
	=	7.17

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

Aflac (AFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aflac Inc (NYSE:AFL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AFL:Germany AFL:Germany AFL:Germany

Address

1932 Wynnton Road, Columbus, GA, USA, 31999

Website

https://www.aflac.com

Aflac Inc offers supplemental health insurance and life insurance in the two largest insurance markets in the world, the U.S. and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accident, disability, and long-term-care insurance. It markets its products through independent distributors, selling most of its policies directly to consumers at their places of work.

Executives

Steven Kent Beaver	officer: SVP, CFO, Aflac US	1932 WYNNTON ROAD, COLUMBUS GA 31999
Masatoshi Koide	officer: Deputy President, Aflac Japan	1932 WYNNTON RD, COLUMBUS GA 31999
June P Howard	officer: Sr. Vice President	1932 WYNNTON RD, COLUMBUS GA 31999
Lake Charles D Ii	officer: President AFLAC Japan	AFLAC INC, 1932 WYNNTON RD, COLUMBUS GA 31999
Frederick John Crawford	officer: EVP, Chief Financial Officer	AFLAC INCORPORATED, COLUMBUS GA 31999
William P Bowers	director	600 NORTH 18TH STREET, BIN 15N-8170, BIRMINGHAM AL 35203
Joseph L Moskowitz	director	1932 WYNNTON ROAD, COLUMBUS GA 31999
Simard Frederic Jean Guy	officer: SVP, CFO, Aflac U.S.	1932 WYNNTON ROAD, COLUMBUS GA 31999
James Todd Daniels	officer: Sr. Vice President	1932 WYNNTON ROAD, COLUMBUS GA 31999
Albert Riggieri	officer: SVP, Corporate Actuary	1932 WYNNTON RD, COLUMBUS GA 31999
Virgil Raynard Miller	officer: President, Aflac U.S.	1932 WYNNTON ROAD, COLUMBUS GA 31999
Barbara K Rimer	director	1932 WYNNTON ROAD, COLUMBUS GA 31999
Miwako Hosoda	director	1932 WYNNTON ROAD, COLUMBUS GA 31999
Bradley Eugene Dyslin	officer: Executive Vice President	1932 WYNNTON ROAD, COLUMBUS GA 31999
Audrey B Tillman	officer: Executive Vice President	1932 WYNNTON RD, COLUMBUS GA 31999