Lockheed Martin (FRA:LOM) Interest Expense : €-895 Mil (TTM As of Mar. 2024)

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What is Lockheed Martin Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lockheed Martin's interest expense for the three months ended in Mar. 2024 was € -235 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-895 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. Lockheed Martin's Operating Income for the three months ended in Mar. 2024 was € 1,881 Mil. Lockheed Martin's Interest Expense for the three months ended in Mar. 2024 was € -235 Mil. Lockheed Martin's Interest Coverage for the quarter that ended in Mar. 2024 was 8.02. 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.

Lockheed Martin Interest Expense Historical Data

The historical data trend for Lockheed Martin'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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Lockheed Martin Interest Expense Chart

Lockheed Martin Annual Data

Trend

Dec14

Dec15

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Dec20

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Dec23

Interest Expense

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-587.70

-485.80

-503.57

-588.11

-839.97

Lockheed Martin 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															-188.67	-205.83	-222.07	-232.92	-234.60

Lockheed Martin 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 €-895 Mil.

Lockheed Martin (FRA:LOM) 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.

Lockheed Martin's Interest Expense for the three months ended in Mar. 2024 was €-235 Mil. Its Operating Income for the three months ended in Mar. 2024 was €1,881 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €17,710 Mil.

Lockheed Martin'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	*	1881.4	/	-234.6
	=	8.02

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

Lockheed Martin (FRA:LOM) Business Description

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Address

6801 Rockledge Drive, Bethesda, MD, USA, 20817

Website

https://www.lockheedmartin.com

Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, which is mainly the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.

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