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R&Q Insurance Holdings (LSE:RQIH) Interest Expense : £-27.0 Mil (TTM As of Jun. 2023)


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What is R&Q Insurance Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. R&Q Insurance Holdings's interest expense for the six months ended in Jun. 2023 was £ -12.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was £-27.0 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. R&Q Insurance Holdings's Operating Income for the six months ended in Jun. 2023 was £ -28.7 Mil. R&Q Insurance Holdings's Interest Expense for the six months ended in Jun. 2023 was £ -12.6 Mil. R&Q Insurance Holdings 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.

R&Q Insurance Holdings Interest Expense Historical Data

The historical data trend for R&Q Insurance Holdings'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.

* Premium members only.

R&Q Insurance Holdings Interest Expense Chart

R&Q Insurance Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.63 -9.71 -9.52 -20.00 -26.11

R&Q Insurance Holdings Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.70 -9.78 -11.61 -14.37 -12.59

R&Q Insurance Holdings 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-27.0 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.

R&Q Insurance Holdings  (LSE:RQIH) 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.

R&Q Insurance Holdings's Interest Expense for the six months ended in Jun. 2023 was £-12.6 Mil. Its EBIT for the six months ended in Jun. 2023 was £-28.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was £264.0 Mil.

R&Q Insurance Holdings's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

R&Q Insurance Holdings 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.

R&Q Insurance Holdings (LSE:RQIH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » R&Q Insurance Holdings Ltd (LSE:RQIH) » Definitions » Interest Expense
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Traded in Other Exchanges
RQIHF:USA
Address
40 Church Street, FB Perry Building, PO Box HM 650, Hamilton, BMU, HM HX
Website
https://www.rqih.com
R&Q Insurance Holdings Ltd provides services of legacy acquisitions and program management. The company together with its subsidiaries owns and manages insurance companies as underwriting managers for active insurers. The company's segment includes Legacy Insurance, Program Management, and Corporate / Other. It generates maximum revenue from the Legacy segment. Legacy segment acquires legacy portfolios and insurance debt and provides capital support to the Group's managed Lloyd's Syndicates. Geographically, it derives a majority of revenue from North America and also has a presence in the United Kingdom and Europe.

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