Discontinued — last reported Q4 '24
PGIM1 — Interest Expense
Prudential Financial PGIM1 — Interest Expense remained flat by 0.0% to $26.25M in Q4 2024 compared to the prior quarter. Year-over-year, this metric declined by 9.5%, from $29.00M to $26.25M. Over 3 years (FY 2021 to FY 2024), PGIM1 — Interest Expense shows an upward trend with a 61.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase may signal higher leverage or rising interest rates on variable-rate debt, potentially pressuring segment margins.
Detailed definition
The total interest costs incurred on debt obligations specifically attributed to the asset management segment's operatio...
Peer comparison
Standard financial expense metric found in the segment reporting of diversified financial services firms.
pru_segment_pgim1_interest_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.25M | $6.25M | $6.25M | $6.00M | $10.00M | $14.00M | $27.00M | $27.00M | $29.00M | $28.00M | $29.00M | $26.25M | $26.25M | $26.25M | $26.25M |
| QoQ Change | — | +0.0% | +0.0% | -4.0% | +66.7% | +40.0% | +92.9% | +0.0% | +7.4% | -3.4% | +3.6% | -9.5% | +0.0% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | +60.0% | +124.0% | +332.0% | +350.0% | +190.0% | +100.0% | +7.4% | -2.8% | -9.5% | -6.3% | -9.5% |
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Frequently Asked Questions
- What is Prudential Financial's pgim1 — interest expense?
- Prudential Financial (PRU) reported pgim1 — interest expense of $26.25M in Q4 2024.
- How has Prudential Financial's pgim1 — interest expense changed year-over-year?
- Prudential Financial's pgim1 — interest expense decreased by 9.5% year-over-year, from $29.00M to $26.25M.
- What is the long-term trend for Prudential Financial's pgim1 — interest expense?
- Over 3 years (2021 to 2024), Prudential Financial's pgim1 — interest expense has grown at a 61.3% compound annual growth rate (CAGR), from $25.00M to $105.00M.
- What does pgim1 — interest expense mean?
- The total interest paid on debt used to finance the operations of the asset management segment.