What is Erie Indemnity Co Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Erie Indemnity Co's interest expense for the
three
months ended in Mar. 2024 was $ 0 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $0 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. Erie Indemnity Co's Operating Income for the
three
months ended in Mar. 2024 was $ 0 Mil. Erie Indemnity Co's Interest Expense for the
three
months ended in Mar. 2024 was $ 0 Mil.
Erie Indemnity Co has no long-term debt (1).
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.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Erie Indemnity Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 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.
Erie Indemnity Co (NAS:ERIE) 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.
Erie Indemnity Co's Interest Expense for the
three
months ended in Mar. 2024 was $0 Mil. Its
EBIT
for the
three
months ended in Mar. 2024 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $0 Mil.
Erie Indemnity Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| Erie Indemnity Co had no long-term debt (1). |
* 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.
Good Sign:
Erie Indemnity Co has no debt.
Erie Indemnity Co (Erie Indemnity Co) Business Description
Traded in Other Exchanges
Address
100 Erie Insurance Place, Erie, PA, USA, 16530
Erie Indemnity Co primarily performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.
Executives
| Marc Cipriani |
officer: Senior Vice President |
100 ERIE INSURANCE PLACE, ERIE PA 16530 |
| Sean Dugan |
officer: Executive Vice President |
100 ERIE INSURANCE PLACE, ERIE PA 16530 |
| Parthasarathy Srinivasa |
officer: EVP, Chief Information Officer |
100 ERIE INSURANCE PLACE, ERIE PA 16530 |
| Jorie L Novacek |
officer: SVP, Controller |
100 ERIE INSURANCE PLACE, ERIE PA 16530 |
| Thomas B Hagen |
director |
230 WEST 6TH STREET, ERIE PA 16507-1319 |
| Eugene C Connell |
director |
785 HUNTINGTON DRIVE, ERIE PA 16505 |
| Elizabeth A Vorsheck |
director, 10 percent owner |
6252 COMMERCIAL WAY PMB 140, BROOKSVILLE FL 34613 |
| Brian W. Bolash |
officer: SVP,Secretary,General Counsel |
100 ERIE INSURANCE PLACE, ERIE PA 16530 |
| Borneman J Ralph Jr |
director |
NATIONAL PENN BANCSHARES INC, PHILADELPHIA & READING AVENUES, BOYERTOWN PA 19512 |
| Hudson Brian Arden Sr. |
director |
2407 PARK DRIVE, HARRISBURG PA 17110 |
| Louis F Colaizzo |
officer: Senior Vice President |
100 ERIE INSURANCE PLACE, ERIE PA 16530 |
| Salvatore Correnti |
director |
8518 SOUTHFIELDS CIRCLE, LUTHERVILLE MD 21093 |
| Timothy G Necastro |
officer: President & CEO, Designate |
100 ERIE INSURANCE PL, ERIE PA 16530 |
| Luann Datesh |
director |
333 OAK FOREST DRIVE, PITTSBURGH PA 15216 |
| Robert C Wilburn |
director |
110 WASHINGTON AVENUE #1711, MIAMI BEACH FL 33139 |
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