AMP (ASX:AMP) Interest Expense : A$-1,189 Mil (TTM As of Dec. 2023)

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What is AMP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AMP's interest expense for the six months ended in Dec. 2023 was A$ -662 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1,189 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. AMP's Operating Income for the six months ended in Dec. 2023 was A$ -542 Mil. AMP's Interest Expense for the six months ended in Dec. 2023 was A$ -662 Mil. AMP did not have earnings to cover the interest expense. 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.

AMP Interest Expense Historical Data

The historical data trend for AMP'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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AMP Interest Expense Chart

AMP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-617.00

-424.00

-347.00

-591.00

-1,189.00

AMP 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															-175.00	-187.00	-404.00	-527.00	-662.00

AMP 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 A$-1,189 Mil.

AMP (ASX:AMP) 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.

AMP's Interest Expense for the six months ended in Dec. 2023 was A$-662 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-542 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$28,918 Mil.

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

AMP did not have earnings to cover the interest expense.

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

AMP (ASX:AMP) Business Description

Industry

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Traded in Other Exchanges

AMLTF:USA AMP:Germany

Address

50 Bridge Street, AMP Building, Sydney, NSW, AUS, 2000

Website

https://www.amp.com.au

At its roots, AMP is a wealth manager, providing financial advice via Australia's second-largest network of aligned financial advisors. It has a vertically integrated business model: AMP advisors can invest client funds into superfunds and non-super investments manufactured by AMP through the firm's own platforms, though advisors are free to recommend non-AMP products and third party platforms to their clients. The firm also has a small wealth presence in New Zealand with about 72 advisors. In addition, AMP also has a retail banking business focused on deposit taking and residential mortgages.