What is Radian Group Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Radian Group's interest expense for the
three
months ended in Dec. 2023 was $ -21 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-97 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. Radian Group's Operating Income for the
three
months ended in Dec. 2023 was $ 200 Mil. Radian Group's Interest Expense for the
three
months ended in Dec. 2023 was $ -21 Mil.
Radian Group's Interest Coverage for the quarter that ended in Dec. 2023 was 9.75.
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.
Radian Group 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 $-97 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.
Radian Group (NYSE:RDN) 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.
Radian Group's Interest Expense for the
three
months ended in Dec. 2023 was $-21 Mil. Its
EBIT
for the
three
months ended in Dec. 2023 was $200 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $1,537 Mil.
Radian Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
| Interest Coverage | = | -1 | * |
EBIT
(Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
| = | -1 | * | 200.364 | / | -20.547 |
| = | 9.75 |
* 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.
Radian Group (Radian Group) Business Description
Traded in Other Exchanges
Address
550 East Swedesford Road, Suite 350, Wayne, PA, USA, 19087
Radian Group Inc provides mortgage insurance and services to the real estate and mortgage finance industries. Radian's mortgage insurance provides coverage to lending institutions throughout the United States. Its services include analytics and consulting for buyers and sellers of, and investors in, mortgage- and real estate-related loans and securities and other asset-backed securities. Insurance premiums account for more than three fourths of the company's revenue. Services revenue and investment income are the other principal sources of revenue. It operates in two segments: Mortgage and homegenius. The Mortgage segment earns the majority of revenue.
Executives
| Gregory Serio |
director |
RADIAN GROUP INC., 1601 MARKET ST., PHILADELPHIA PA 19103 |
| Lisa Hess |
director |
RADIAN GROUP, 1601 MARKET ST, PHILADELPHIA PA 19103 |
| Margaret Anne Leyden |
director |
550 E. SWEDESFORD RD.,, STE 350, WAYNE PA 19087 |
| Edward J Hoffman |
officer: SVP, Secretary and General Cou |
1601 MARKET STREET, PHILADELPHIA PA 19103 |
| Lisa Mumford |
director |
6 BEACHWOOD COURT, DIX HILLS NY 11746 |
| Eric Ray |
officer: Sr, Executive Vice President |
C/O RADIAN, 1500 MARKET ST., #2050W, PHILADELPHIA PA 19102 |
| Noel Joseph Spiegel |
director |
RADIAN GROUP INC., 1601 MARKET STREET, PHILADELPHIA PA 19103 |
| Howard Bernard Culang |
director |
9 MARISSA COURT, ATLANTIC HIGHLANDS NJ 07716 |
| Derek Brummer |
officer: Chief Risk Officer |
RADIAN GROUP INC., 1601 MARKET ST, PHILADELPHIA PA 19103 |
| Sumita Pandit |
officer: Sr. EVP, Chief Growth Officer |
550 EAST SWEDESFORD RD., #350, WAYNE PA 19087 |
| Fawad Ahmad |
director |
C/) RADIAN GROUP INC., 550 E. SWEDESFORD RD., #350, WAYNE PA 19087 |
| Brien Mcmahon |
officer: EVP & Chief Franchise Officer |
1500 MARKET ST., WEST TOWER, #2050, PHILADELPHIA PA 19102 |
| Richard G Thornberry |
director, officer: Chief Executive Officer |
RADIAN, 1601 MARKET ST, PHILADELPHIA PA 19103 |
| Mary Dickerson |
officer: EVP Chief People Officer |
RADIAN GROUP INC., 1500 MARKET ST., #2050W, PHILADELPHIA PA 19102 |
| Brad L. Conner |
director |
CITIZENS FINANCIAL GROUP, 600 WASHINGTON BLVD., CS119N, STAMFORD CT 06901 |
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