What is MBIA Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MBIA's interest expense for the
three
months ended in Dec. 2023 was $ -54.00 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-211.00 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. MBIA's Operating Income for the
three
months ended in Dec. 2023 was $ -84.00 Mil. MBIA's Interest Expense for the
three
months ended in Dec. 2023 was $ -54.00 Mil.
MBIA did not have earnings to cover the interest expense.
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.
MBIA 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-211.00 Mil.
* 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.
MBIA (NYSE:MBI) Interest Expense Explanation
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. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
MBIA's Interest Expense for the
three
months ended in Dec. 2023 was $-54.00 Mil. Its
EBIT
for the
three
months ended in Dec. 2023 was $-84.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $3,163.00 Mil.
MBIA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
| MBIA did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
MBIA (MBI) Business Description
Traded in Other Exchanges
Address
1 Manhattanville Road, Suite 301, Purchase, NY, USA, 10577
MBIA Inc provides financial guaranty insurance for municipal bonds and asset-backed securities in the United States and internationally. It offers an unconditional guarantee to repay the principal and interest on these securities if the issuer defaults. MBIA insures bonds sold in the primary and secondary markets, as well as those held in unit investment trusts and by mutual funds. It operates in three segments: the United States public finance insurance, corporate, and international & structured finance insurance. U.S. public finance insurance portfolio is managed through National Public Finance Guarantee Corporation. International & structured finance insurance business is managed through MBIA Insurance Corporation and its subsidiary.
Executives
| Richard C Vaughan |
director |
C/O MBIA, 113 KING STREET, ARMONK NY 10504 |
| Steven J Gilbert |
director |
540 MADISON AVE, 40TH FL, NEW YORK NY 10022 |
| Janice L. Innis-thompson |
director |
C/O MBIA INC., 1 MANHATTANVILLE ROAD - SUITE 301, PURCHASE NY 10577 |
| William C Fallon |
officer: Member, Exec. Policy Committee |
C/O MBIA, 113 KING STREET, ARMONK NY 10504 |
| Charles R Rinehart |
director |
DOWNEY FINANCIAL CORP., 3501 JAMBOREE ROAD, NEWPORT BEACH CA 92660 |
| Theodore Shasta |
director |
C/O MBIA INC., 113 KING STREET, ARMONK NY 10504 |
| Fine Capital Partners, L.p. |
10 percent owner |
3 COLUMBUS CIRCLE, 15TH FLOOR, NEW YORK NY 10019 |
| Diane L Dewbrey |
director |
FIFTH THIRD BANCORP, 38 FOUNTAIN SQ PLZ, CINCINNATI OH 45263 |
| Daniel M. Avitabile |
officer: Assistant Vice President |
C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
| Adam T. Bergonzi |
officer: Assistant Vice President |
C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
| Christopher H. Young |
officer: Assistant Vice President |
C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
| Jonathan C. Harris |
officer: General Counsel and Secretary |
C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
| Joseph R. Schachinger |
officer: Controller |
1 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
| Joseph W Brown |
director, officer: Chairman and CEO |
C/O SAFECO, 4333 BROOKLYN AVENUE NE, SEATTLE WA 98185 |
| Debra Fine |
10 percent owner |
590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022 |
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