Jackson Financial (LTS:0JKF) Interest Expense : $-167 Mil (TTM As of Mar. 2024)

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What is Jackson Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jackson Financial's interest expense for the three months ended in Mar. 2024 was $ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-167 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. Jackson Financial's Operating Income for the three months ended in Mar. 2024 was $ 928 Mil. Jackson Financial's Interest Expense for the three months ended in Mar. 2024 was $ -25 Mil. Jackson Financial's Interest Coverage for the quarter that ended in Mar. 2024 was 37.12. 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.

Jackson Financial Interest Expense Historical Data

The historical data trend for Jackson Financial'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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Jackson Financial Interest Expense Chart

Jackson Financial Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-99.00

-88.00

-37.00

-113.00

-185.00

Jackson Financial Quarterly Data
	Dec18	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														-28.00	-58.00	-49.00	-35.00	-25.00

Jackson Financial 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 $-167 Mil.

Jackson Financial (LTS:0JKF) 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.

Jackson Financial's Interest Expense for the three months ended in Mar. 2024 was $-25 Mil. Its EBIT for the three months ended in Mar. 2024 was $928 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $4,101 Mil.

Jackson Financial'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	*	928	/	-25
	=	37.12

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

Jackson Financial (LTS:0JKF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Jackson Financial Inc (LTS:0JKF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

JXN:USA 8WF:Germany 8WF:Germany

Address

1 Corporate Way, Lansing, MI, USA, 48951

Website

https://www.jackson.com

Jackson Financial Inc helps Americans grow and protect their retirement savings and income to enable them to pursue financial freedom for life. Its retail product offerings comprise annuities, designed to help retail investors save for and live in retirement. Its diverse suite of annuities includes a variable, fixed index, and fixed annuities. It manages the business through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks and Corporate and Other segments.

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