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PartnerRe Ltd (NYSE:PRE)
Interest Expense
$-49 Mil (TTM As of Mar. 2016)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PartnerRe Ltd's interest expense for the three months ended in Mar. 2016 was $-12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2016 was $-49 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. PartnerRe Ltd's Operating Income for the three months ended in Mar. 2016 was $250 Mil. PartnerRe Ltd's Interest Expense for the three months ended in Mar. 2016 was $-12 Mil. PartnerRe Ltd's interest coverage for the quarter that ended in Mar. 2016 was 20.40. 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.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

PartnerRe Ltd Interest Expense for the trailing twelve months (TTM) ended in Mar. 2016 was -12.248 (Jun. 2015 ) + -12.249 (Sep. 2015 ) + -12.246 (Dec. 2015 ) + -12.259 (Mar. 2016 ) = $-49 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.

PartnerRe Ltd's interest expense for the three months ended in Mar. 2016 was $-12 Mil. Its operating income for the three months ended in Mar. 2016 was $250 Mil. And its Long-Term Debt for the three months ended in Mar. 2016 was $821 Mil.

PartnerRe Ltd's Interest Coverage for the quarter that ended in Mar. 2016 is calculated as

Interest Coverage=-1*Operating Income (Q: Mar. 2016 )/Interest Expense (Q: Mar. 2016 )
=-1*250.047/-12.259
=20.40

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. PartnerRe Ltd interest coverage is 2.02, which is low.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

PartnerRe Ltd Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Interest Expense -61-54-51-28-44-49-49-49-49-49

PartnerRe Ltd Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
Interest Expense -12-12-12-12-12-12-12-12-12-12
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