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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lincoln National's interest expense for the three months ended in Jun. 2024 was $ -86 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-332 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. Lincoln National's Operating Income for the three months ended in Jun. 2024 was $ 1,182 Mil. Lincoln National's Interest Expense for the three months ended in Jun. 2024 was $ -86 Mil. Lincoln National's Interest Coverage for the quarter that ended in Jun. 2024 was 13.74. 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.
The historical data trend for Lincoln National'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.
Lincoln National Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -326.00 | -284.00 | -270.00 | -283.00 | -331.00 |
Lincoln National Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Interest Expense | Get a 7-Day Free Trial | -84.00 | -84.00 | -81.00 | -81.00 | -86.00 |
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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-332 Mil.
* 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.
Lincoln National (NYSE:LNC) Interest Expense Explanation
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. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Lincoln National's Interest Expense for the three months ended in Jun. 2024 was $-86 Mil. Its EBIT for the three months ended in Jun. 2024 was $1,182 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $5,716 Mil.
Lincoln National's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as
Interest Coverage | = | -1 | * | EBIT (Q: Jun. 2024 ) | / | Interest Expense (Q: Jun. 2024 ) |
= | -1 | * | 1182 | / | -86 | |
= | 13.74 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Owen Ryan | director | C/O BLACKLINE INC, 21300 VICTORY BOULEVARD 12TH FLOOR, WOODLAND HILLS CA 91367 |
Andrew Rallis | officer: EVP, Chief Risk Officer | 150 N. RADNOR-CHESTER ROAD, RADNOR PA 19087 |
Sean Woodroffe | officer: EVP, Ch Ppl Culture Comms Off | 150 N. RADNOR-CHESTER ROAD, RADNOR PA 19087 |
John Christopher Kennedy | officer: EVP, President LFD | 150 N. RADNOR-CHESTER ROAD, RADNOR PA 19087 |
Deirdre P Connelly | director | C/O GLAXOSMITHKLINE, FIVE CRESCENT DRIVE, PHILADELPHIA PA 19112-1001 |
James Waltman Reid | officer: EVP Head of Wrkplc Solutions | 150 N. RADNOR-CHESTER ROAD, RADNOR PA 19087 |
Matthew Grove | officer: EVP Head of Life Annuities LFN | 150 N RADNOR-CHESTER ROAD, RADNOR PA 19087 |
Dennis R Glass | officer: President & COO | LINCOLN NATIONAL CORPORATION, 150 N. RADNOR CHESTER ROAD, RADNOR PA 19087 |
Christopher M Neczypor | officer: EVP, Chief Strategy Officer | 150 N RADNOR-CHESTER ROAD, RADNOR PA 19087 |
Jayson R Bronchetti | officer: EVP, Chief Investment Officer | 150 N RADNOR-CHESTER ROAD, RADNOR PA 19087 |
Adam M Cohen | officer: CAO | 150 N. RADNOR-CHESTER ROAD, RADNOR PA 19087 |
Randal J Freitag | officer: EVP & CFO | LINCOLN NATIONAL CORPORATION, 150 N. RADNOR CHESTER ROAD, RADNOR PA 19087 |
Janet Liang | director | 150 N. RADNOR-CHESTER ROAD, RADNOR PA 19087 |
Dale Lefebvre | director | 150 N. RADNOR-CHESTER ROAD, RADNOR PA 19087 |
Kenneth S. Solon | officer: EVP & Chief Information Ofc.. | 150 N. RADNOR CHESTER ROAD, RADNOR PA 19087 |
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