Discontinued — last reported Q1 '24
Services — Interest Expense
Brown & Brown Services — Interest Expense remained flat by 0.0% to $300.00K in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 40.0%, from $500.00K to $300.00K. Over 2 years (FY 2021 to FY 2023), Services — Interest Expense shows a downward trend with a -33.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests higher debt levels or rising interest rates, while a decrease indicates debt repayment or lower financing costs.
Detailed definition
Represents the total interest costs incurred by the Services segment on its allocated debt obligations. This metric refl...
Peer comparison
Commonly reported by diversified firms that allocate corporate debt to specific operating segments.
bro_segment_services_interest_expenseHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $800.00K | $700.00K | $700.00K | $700.00K | $600.00K | $500.00K | $500.00K | $500.00K | $400.00K | $300.00K | $300.00K | $300.00K |
| QoQ Change | — | -12.5% | +0.0% | +0.0% | -14.3% | -16.7% | +0.0% | +0.0% | -20.0% | -25.0% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | -25.0% | -28.6% | -28.6% | -28.6% | -33.3% | -40.0% | -40.0% | -40.0% |
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Frequently Asked Questions
- What is Brown & Brown's services — interest expense?
- Brown & Brown (BRO) reported services — interest expense of $300.00K in Q4 2023.
- How has Brown & Brown's services — interest expense changed year-over-year?
- Brown & Brown's services — interest expense decreased by 40.0% year-over-year, from $500.00K to $300.00K.
- What is the long-term trend for Brown & Brown's services — interest expense?
- Over 2 years (2021 to 2023), Brown & Brown's services — interest expense has grown at a -33.0% compound annual growth rate (CAGR), from $2.90M to $1.30M.
- What does services — interest expense mean?
- The total interest paid on debt specifically allocated to the Services segment.