Cigna (LIM:CI) Interest Expense : $-1,410 Mil (TTM As of Mar. 2024)

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What is Cigna Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cigna's interest expense for the three months ended in Mar. 2024 was $ -322 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1,410 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. Cigna's Operating Income for the three months ended in Mar. 2024 was $ 401 Mil. Cigna's Interest Expense for the three months ended in Mar. 2024 was $ -322 Mil. Cigna's Interest Coverage for the quarter that ended in Mar. 2024 was 1.25. 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.

Cigna Interest Expense Historical Data

The historical data trend for Cigna'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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Cigna Interest Expense Chart

Cigna Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,682.00

-1,438.00

-1,208.00

-1,228.00

-1,446.00

Cigna 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															-358.00	-363.00	-365.00	-360.00	-322.00

Cigna 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 $-1,410 Mil.

Cigna (LIM:CI) 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.

Cigna's Interest Expense for the three months ended in Mar. 2024 was $-322 Mil. Its EBIT for the three months ended in Mar. 2024 was $401 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $31,053 Mil.

Cigna'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	*	401	/	-322
	=	1.25

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

Cigna (LIM:CI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Cigna Corp (LIM:CI) » Definitions » Interest Expense

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CI:USA CI:Mexico CGN:Germany C1IC34:Brazil CIGN:Austria

Address

900 Cottage Grove Road, Bloomfield, CT, USA, 06002

Website

https://www.cigna.com

Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 18 million U.S. medical members covered as of the end of June 2023.