Security National Financial (Security National Financial) Interest Expense : $-4.9 Mil (TTM As of Dec. 2023)

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What is Security National Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Security National Financial's interest expense for the three months ended in Dec. 2023 was $ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.9 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. Security National Financial's Operating Income for the three months ended in Dec. 2023 was $ 2.3 Mil. Security National Financial's Interest Expense for the three months ended in Dec. 2023 was $ -0.8 Mil. Security National Financial's Interest Coverage for the quarter that ended in Dec. 2023 was 2.66. 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.

Security National Financial Interest Expense Historical Data

The historical data trend for Security National Financial's Interest Expense can be seen below:

* 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.

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Security National Financial Interest Expense Chart

Security National Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.39

-8.58

-7.13

-7.83

-4.87

Security National Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.07	-1.45	-1.42	-1.15	-0.85

Security National Financial 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 $-4.9 Mil.

Security National Financial (NAS:SNFCA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Security National Financial's Interest Expense for the three months ended in Dec. 2023 was $-0.8 Mil. Its EBIT for the three months ended in Dec. 2023 was $2.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $97.8 Mil.

Security National Financial'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	*	2.253	/	-0.846
	=	2.66

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

Security National Financial (Security National Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Security National Financial Corp (NAS:SNFCA) » Definitions » Interest Expense

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XSNA:Germany

Address

433 West Ascension Way, Salt Lake City, UT, USA, 84123

Website

https://www.securitynational.com

Security National Financial Corp is engaged in the life insurance, cemetery and mortuary, and mortgage loan businesses. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products, and accident and health insurance. Its cemetery and mortuary segment consists of approximately seven mortuaries and five cemeteries in the state of Utah and a cemetery in the state of California. The mortgage loan segment originates and underwrites or otherwise purchases residential and commercial loans for new construction, existing homes, and real estate projects. Geographically all the business activity is functioned through the region of the USA and it derives the majority of revenue from Mortgage segment.

Executives

Gilbert A Fuller	director	55 WANDERWOOD WAY, SANDY UT 84092
Jeffrey Russell Stephens	officer: General Counsel, Corporate Sec	38 NORTHRIDGE WAY, SANDY UT 84092
Howard Craig Moody	director	11892 SOUTH BROOKGLEN DRIVE, SANDY UT 84092
Jason G. Overbaugh	director, officer: VP, Asst. Corp Sec.	13471 SOUTH TUSCALEE WAY, DRAPER UT 84020
Ludmya B Love	director	913 WEST GROUSE CIRCLE, SARATOGA SPRINGS UT 84045
Shital Ashok Mehta	director	59 N SANTA CRUZ AVENUE, STE Y, LOS GATOS CA 95030
Norman G Wilbur	director	2637 MUSTANG DRIVE, MEAD CO 80542
Garrett S. Sill	officer: Acting CFO	2463 SOUTH 1375 WEST, SYRACUSE UT 84075
Adam George Quist	officer: VP Mem Serv Asst Sec. Gen Con	4057 SOUTH OLIVIA VIEW LANE, SALT LAKE CITY UT 84107
Scott M Quist	director, officer: Pres., Chief Operating Officer	7 WANDERWOOD WAY, SANDY UT 84092
Stephen Charles Johnson	officer: VP of Mortgage Operations	886 SOUTH ROUECHE LANE, KAYSVILLE UT 84037
Jordan Capital Am, Llc	10 percent owner	3500 PIEDMONT RD NE, SUITE 330, ATLANTA GA 30305
John L Cook	director	2424 SUMMER OAK CIRCLE, SANDY UT 84092
S. Andrew Quist	director, officer: VP and Assoc General Counsel	272 EAST BROADLEAF CIRCLE, DRAPER UT 84020
Beckstead Jack Lynn Jr	director, officer: V.P. Mortgage Operations	190 NORTH MATTERHORN DRIVE, ALPINE UT 84004