BAE Systems (BAE Systems) Interest Expense : $-429 Mil (TTM As of Dec. 2023)

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What is BAE Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BAE Systems's interest expense for the six months ended in Dec. 2023 was $ -282 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-429 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. BAE Systems's Operating Income for the six months ended in Dec. 2023 was $ 1,447 Mil. BAE Systems's Interest Expense for the six months ended in Dec. 2023 was $ -282 Mil. BAE Systems's Interest Coverage for the quarter that ended in Dec. 2023 was 5.13. 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.

BAE Systems Interest Expense Historical Data

The historical data trend for BAE Systems'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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BAE Systems Interest Expense Chart

BAE Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-457.41

-419.36

-417.55

-372.72

-429.11

BAE Systems Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-227.39	-167.49	-207.07	-146.47	-282.28

BAE Systems 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 semi-annually data reported by the company within the most recent 12 months, which was $-429 Mil.

BAE Systems (OTCPK:BAESY) 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.

BAE Systems's Interest Expense for the six months ended in Dec. 2023 was $-282 Mil. Its Operating Income for the six months ended in Dec. 2023 was $1,447 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $7,222 Mil.

BAE Systems's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1446.835	/	-282.278
	=	5.13

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

BAE Systems (BAE Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » BAE Systems PLC (OTCPK:BAESY) » Definitions » Interest Expense

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BAESF:USA BAl:UK BA.:UK BSP:Germany

Address

6 Carlton Gardens, Stirling Square, London, GBR, SW1Y 5AD

Website

https://www.baesystems.com

BAE Systems is a British global defense, security, and aerospace company and the largest defense contractor in Europe; it is one of six prime contractors to the U.S. Department of Defense. For reporting purposes, the company has five operating segments: electronics systems is the group's U.S.- and U.K.-based electronic warfare systems; the cyber, security, and intelligence segment supplies intelligence and security solutions to the U.S. government; platforms and services manufactures combat vehicles and munitions and performs ship repair services to the U.S. Defense Department; the air segment includes BAE's share of U.S. and European air programs as well as its businesses in Saudi Arabia and Australia; and the maritime segment comprises U.K. land- and marine-based activities.