S&P Global (S&P Global) Interest Expense : $-326 Mil (TTM As of Mar. 2024)

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What is S&P Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. S&P Global's interest expense for the three months ended in Mar. 2024 was $ -78 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-326 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. S&P Global's Operating Income for the three months ended in Mar. 2024 was $ 1,379 Mil. S&P Global's Interest Expense for the three months ended in Mar. 2024 was $ -78 Mil. S&P Global's Interest Coverage for the quarter that ended in Mar. 2024 was 17.68. 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.

S&P Global Interest Expense Historical Data

The historical data trend for S&P Global'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.

* Premium members only.

S&P Global Interest Expense Chart

S&P Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-141.00

-119.00

-304.00

-334.00

S&P Global 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															-85.00	-88.00	-84.00	-76.00	-78.00

S&P Global 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 $-326 Mil.

S&P Global (NYSE:SPGI) 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.

S&P Global's Interest Expense for the three months ended in Mar. 2024 was $-78 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1,379 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $11,928 Mil.

S&P Global'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	*	1379	/	-78
	=	17.68

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

S&P Global (S&P Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » S&P Global Inc (NYSE:SPGI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SPGI:Mexico MHL:Germany MHL:Germany MHL:Germany SPGI34:Brazil

Address

55 Water Street, New York, NY, USA, 10041

Website

https://www.spglobal.com

S&P Global provides data and benchmarks to capital and commodity market participants. Its ratings business is the largest credit rating agency in the world and S&P's largest segment by profitability. S&P's largest segment by revenue is market intelligence, which provides desktop, data and advisory solutions, enterprise solutions, and credit/risk solutions mostly in the financial-services industry. S&P's other segments include commodity insights (Platts and other data), mobility (Carfax), and indexes.

Executives

Douglas L. Peterson	director, officer: CEO & President	MCGRAW HILL FINANCIAL, 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Saugata Saha	officer: President, S&P Global Platts	55 WATER STREET, NEW YORK NY 10041
Ewout L Steenbergen	officer: EVP & Chief Financial Officer	230 PARK AVENUE, NEW YORK NY 10169
Adam Jason Kansler	officer: President, Market Intelligence	C/O MARKIT LTD, 4TH FL, ROPEMAKER PLACE, 25 ROPEMAKER STREET, LONDON X0 EC2Y 9LY
Dimitra Manis	officer: Chief People Officer	55 WATER STREET, S&P GLOBAL, 45TH FLOOR, NEW YORK NY 10041
Steven J Kemps	officer: EVP, General Counsel	2515 MCKINNEY AVENUE, SUITE 1200, DALLAS TX 75201
Sally Moore	officer: EVP, Strategic Alliances	55 WATER STREET, NEW YORK NY 10041
Deborah D Mcwhinney	director	PO BOX 40 EAST BROADWAY, BUTTE MT 59701
Robert P Kelly	director	ONE MELLON CENTER, PITTSBURGH PA 15258-0001
Christopher Craig	officer: SVP and Controller	55 WATER STREET, LEGAL DEPARTMENT, NEW YORK NY 10041
Martina Cheung	officer: EMD, Head of Global Risk Svcs	55 WATER STREET, NEW YORK NY 10020
John L Berisford	officer: President, S&P Ratings	C/O THE PEPSI BOTTLING GROUP, INC., ONE PEPSI WAY, SOMERS NY 10589
Nancy Luquette	officer: SVP, Chief Risk & Audit Exec	S&P GLOBAL, 55 WATER STREET, NEW YORK NY 10041
Jacques Esculier	director	C/O AMERICAN STANDARD COMPANIES INC, ONE CENTENNIAL AVENUE, PISCATAWAY NJ 08855
Gay Huey Evans	director	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084