Globe Life (STU:TMJ) Interest Expense : €-98 Mil (TTM As of Mar. 2024)

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What is Globe Life Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globe Life's interest expense for the three months ended in Mar. 2024 was € -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-98 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. Globe Life's Operating Income for the three months ended in Mar. 2024 was € 316 Mil. Globe Life's Interest Expense for the three months ended in Mar. 2024 was € -26 Mil. Globe Life's Interest Coverage for the quarter that ended in Mar. 2024 was 12.00. 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.

Globe Life Interest Expense Historical Data

The historical data trend for Globe Life'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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Globe Life Interest Expense Chart

Globe Life Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-75.88

-71.27

-73.89

-85.33

-93.82

Globe Life 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															-23.23	-23.83	-24.32	-23.55	-26.33

Globe Life 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 €-98 Mil.

Globe Life (STU:TMJ) 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.

Globe Life's Interest Expense for the three months ended in Mar. 2024 was €-26 Mil. Its EBIT for the three months ended in Mar. 2024 was €316 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,500 Mil.

Globe Life'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	*	316.06	/	-26.331
	=	12.00

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

Globe Life (STU:TMJ) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Globe Life Inc (STU:TMJ) » Definitions » Interest Expense

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GL:USA

Address

3700 South Stonebridge Drive, McKinney, TX, USA, 75070

Website

https://www.globelifeinsurance.com

Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.

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