Marsh & McLennan (Marsh & McLennan) Interest Expense : $-601 Mil (TTM As of Mar. 2024)

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What is Marsh & McLennan Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Marsh & McLennan's interest expense for the three months ended in Mar. 2024 was $ -159 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-601 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. Marsh & McLennan's Operating Income for the three months ended in Mar. 2024 was $ 1,925 Mil. Marsh & McLennan's Interest Expense for the three months ended in Mar. 2024 was $ -159 Mil. Marsh & McLennan's Interest Coverage for the quarter that ended in Mar. 2024 was 12.11. 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.

Marsh & McLennan Interest Expense Historical Data

The historical data trend for Marsh & McLennan'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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Marsh & McLennan Interest Expense Chart

Marsh & McLennan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-524.00

-515.00

-444.00

-469.00

-578.00

Marsh & McLennan 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															-136.00	-146.00	-145.00	-151.00	-159.00

Marsh & McLennan 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 $-601 Mil.

Marsh & McLennan (NYSE:MMC) 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.

Marsh & McLennan's Interest Expense for the three months ended in Mar. 2024 was $-159 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1,925 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $13,900 Mil.

Marsh & McLennan'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	*	1925	/	-159
	=	12.11

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

Marsh & McLennan (Marsh & McLennan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Marsh & McLennan Companies Inc (NYSE:MMC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MMC:Mexico MSN:Germany MSN:Germany M1MC34:Brazil MMCO:Austria MMC:Argentina

Address

1166 Avenue of the Americas, New York, NY, USA, 10036-2774

Website

https://www.marshmclennan.com

Marsh McLennan is a professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance services and consulting. In risk and insurance services, the firm offers services via Marsh (an insurance broker) and Guy Carpenter (a risk and reinsurance specialist). The consulting division comprises Mercer (a provider of human resource services) and Oliver Wyman (a management and economic consultancy). About half of its revenue is generated outside the U.S.

Executives

Oscar Fanjul	director	C/O OMEGA CAPITAL, S.L., PASEO DE LA CASTELLANA, 28, MADRID U3 28046
John Jude Jones	officer: Chief Marketing Officer	1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Dean Michael Klisura	officer: President & CEO, Guy Carpenter	1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Steven A Mills	director	IBM CORPORATION, 294 ROUTE 100, SOMERS NY 10589
Mark C Mcgivney	officer: Chief Financial Officer
Judith Hartmann	director	1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Ray G Young	director	77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601
Stacy Mills	officer: Vice President and Controller	C/O MARSH & MCLENNAN COMPANIES, INC., 1166 AVENENUE OF THE AMERICAS, NEW YORK NY 11102
Paul Beswick	officer: SVP, Chief Information Officer	1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Martin South	officer: President & CEO, Marsh	1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Martine Ferland	officer: President and CEO, Mercer	C/O MARSH & MCLENNAN COMPANIES, INC., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Katherine Brennan	officer: SVP and General Counsel	1166 AVENUE OF THE AMERICAS, 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Daniel S Glaser	officer: Chairman & CEO, Marsh	C/O MARSH & MCLENNAN COMPANIES, INC., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Hafize Gaye Erkan	director	727 FIFTH AVENUE, NEW YORK NY 10022
Marc D Oken	director	C/O FALFURRIAS CAPITAL PARTNERS, 100 N. TRYON STREET, SUITE 5120, CHARLOTTE NC 28202