Loews (LTS:0JVI) Interest Expense : $-384 Mil (TTM As of Mar. 2024)

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What is Loews Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Loews's interest expense for the three months ended in Mar. 2024 was $ -103 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-384 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. Loews's Operating Income for the three months ended in Mar. 2024 was $ 732 Mil. Loews's Interest Expense for the three months ended in Mar. 2024 was $ -103 Mil. Loews's Interest Coverage for the quarter that ended in Mar. 2024 was 7.11. 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.

Loews Interest Expense Historical Data

The historical data trend for Loews'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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Loews Interest Expense Chart

Loews Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-591.00

-515.00

-424.00

-378.00

-376.00

Loews 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															-95.00	-91.00	-94.00	-96.00	-103.00

Loews 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 $-384 Mil.

Loews (LTS:0JVI) 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.

Loews's Interest Expense for the three months ended in Mar. 2024 was $-103 Mil. Its EBIT for the three months ended in Mar. 2024 was $732 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $8,425 Mil.

Loews'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	*	732	/	-103
	=	7.11

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

Loews (LTS:0JVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Loews Corp (LTS:0JVI) » Definitions » Interest Expense

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Address

667 Madison Avenue, New York, NY, USA, 10065-8087

Website

https://www.loews.com

Loews Corp is a holding company that is supported by a variety of businesses. Its largest subsidiary is CNA Financial Corporation, a property and casualty insurance company. CNA's services include risk management, information services, and warranty and claims administration. Loews also maintains an operation of offshore oil and gas drilling rigs through Diamond Offshore Drilling, Inc. The company engages in the transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas through Boardwalk Pipeline Partners, LP. Loews also operates a chain of hotels.

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