Apollo Global Management (LTS:0A72) Interest Expense : $-274 Mil (TTM As of Mar. 2024)

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What is Apollo Global Management Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apollo Global Management's interest expense for the three months ended in Mar. 2024 was $ -76 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-274 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. Apollo Global Management's Operating Income for the three months ended in Mar. 2024 was $ 2,407 Mil. Apollo Global Management's Interest Expense for the three months ended in Mar. 2024 was $ -76 Mil. Apollo Global Management's Interest Coverage for the quarter that ended in Mar. 2024 was 31.67. 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.

Apollo Global Management Interest Expense Historical Data

The historical data trend for Apollo Global Management'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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Apollo Global Management Interest Expense Chart

Apollo Global Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-126.78

-381.00

-907.00

-221.00

-258.00

Apollo Global Management 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															-60.00	-54.00	-64.00	-80.00	-76.00

Apollo Global Management 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 $-274 Mil.

Apollo Global Management (LTS:0A72) 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.

Apollo Global Management's Interest Expense for the three months ended in Mar. 2024 was $-76 Mil. Its Operating Income for the three months ended in Mar. 2024 was $2,407 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $9,580 Mil.

Apollo Global Management'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	*	2407	/	-76
	=	31.67

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

Apollo Global Management (LTS:0A72) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Apollo Global Management Inc (LTS:0A72) » Definitions » Interest Expense

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APO:USA N7I:Germany

Address

9 West 57th Street, 42nd Floor, New York, NY, USA, 10019

Website

https://www.apollo.com

Apollo Global Management Inc is an alternative investment manager. It serves various sectors such as chemicals, manufacturing and industrial, natural resources, consumer and retail, consumer services, business services, financial services, leisure, and media and telecom and technology. The company operates in three business segments that are Asset Management, Retirement Services, and Principal Investing. It generates maximum revenue from the Retirement Services segment.

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