Prudential Financial (BSP:P1DT34) Interest Expense : R$-9,122 Mil (TTM As of Mar. 2024)

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What is Prudential Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prudential Financial's interest expense for the three months ended in Mar. 2024 was R$ -2,634 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-9,122 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. Prudential Financial's Operating Income for the three months ended in Mar. 2024 was R$ 9,556 Mil. Prudential Financial's Interest Expense for the three months ended in Mar. 2024 was R$ -2,634 Mil. Prudential Financial's Interest Coverage for the quarter that ended in Mar. 2024 was 3.63. 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.

Prudential Financial Interest Expense Historical Data

The historical data trend for Prudential Financial'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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Prudential Financial Interest Expense Chart

Prudential Financial Annual Data

Trend

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Interest Expense

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-8,334.94

-8,653.05

Prudential Financial 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															-2,296.99	-2,237.56	-2,084.13	-2,165.71	-2,634.31

Prudential Financial 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 R$-9,122 Mil.

Prudential Financial (BSP:P1DT34) 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.

Prudential Financial's Interest Expense for the three months ended in Mar. 2024 was R$-2,634 Mil. Its EBIT for the three months ended in Mar. 2024 was R$9,556 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$100,816 Mil.

Prudential Financial's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	9556.236	/	-2634.314
	=	3.63

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

Prudential Financial (BSP:P1DT34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Prudential Financial Inc (BSP:P1DT34) » Definitions » Interest Expense

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Traded in Other Exchanges

PRU:USA PRU:Mexico PLL:Germany PRU:Austria

Address

751 Broad Street, Newark, NJ, USA, 07102

Website

https://www.investor.prudential.com

Prudential Financial is a large, diversified insurance company offering annuities, life insurance, retirement plan services, and asset management products. While it operates in a number of countries, the vast majority of revenue is generated in the United States and Japan. The company's investment management business, PGIM, contributes approximately 15% of its earnings and has over $1.5 trillion in assets under management. The U.S. businesses are responsible for about 45% of earnings and can be classified into Institutional Retirement Strategies, Individual Retirement Strategies, Group Insurance, Individual Life Insurance, and Assurance IQ. Finally, the international business segment of the company contributes approximately 40% of earnings with a strong market position in Japan.

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