Mercury General (Mercury General) Interest Expense : $-24 Mil (TTM As of Dec. 2023)

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What is Mercury General Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mercury General's interest expense for the three months ended in Dec. 2023 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-24 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. Mercury General's Operating Income for the three months ended in Dec. 2023 was $ 246 Mil. Mercury General's Interest Expense for the three months ended in Dec. 2023 was $ -8 Mil. Mercury General's Interest Coverage for the quarter that ended in Dec. 2023 was 31.62. 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.

Mercury General Interest Expense Historical Data

The historical data trend for Mercury General'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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Mercury General Interest Expense Chart

Mercury General Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-17.04

-17.05

-17.11

-17.23

-24.17

Mercury General 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															-4.41	-4.93	-5.55	-5.92	-7.77

Mercury General 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 $-24 Mil.

Mercury General (NYSE:MCY) 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.

Mercury General's Interest Expense for the three months ended in Dec. 2023 was $-8 Mil. Its EBIT for the three months ended in Dec. 2023 was $246 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $588 Mil.

Mercury General'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	*	245.716	/	-7.771
	=	31.62

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

Mercury General (Mercury General) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mercury General Corp (NYSE:MCY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MCG:Germany

Address

4484 Wilshire Boulevard, Los Angeles, CA, USA, 90010

Website

http://www.mercuryinsurance.com

Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman, and majority owner. Its insurance is distributed exclusively through independent agents.

Executives

Joshua Eric Little	director	192 E 200 N, THIRD FLOOR, ST. GEORGE UT 84770
Wei Pang	officer: VP/Chief Technology Officer	555 W. IMPERIAL HIGHWAY, BREA CA 92821
Mark Allan Ribisi	officer: President of AIS,subsidiary	16969 VON KARMAN AVE., IRVINE CA 92606
Katelyn Marie Gibbs	officer: VP/Chief Experience Officer	555 W. IMPERIAL HIGHWAY, BREA CA 92821
Kelly Lynn Butler	officer: VP/Chief Underwriting Officer	1700 GREENBRIAR LANE, BREA CA 92821
Joseph Vicky Wai Yee	director	4484 WILSHIRE BLVD., LOS ANGELES CA 90010
George Joseph	director, officer: Chairman of the Board	4484 WILSHIRE BLVD, LOS ANGELES CA 90010
George Gwyer Braunegg	director	6121 SHENANDOAH AVE., LOS ANGELES CA 90010
Abby Hosseini	officer: VP/Chief Information Officer	555 W. IMPERIAL HIGHWAY, BREA CA 92821
Brandt Minnich	officer: Vice President, Marketing	1700 GREENBRIAR LANE, BREA CA 92821
Gabriel Tirador	officer: President, other: Director
Charles Toney	officer: Vice President
Jeffrey Michael Schroeder	officer: VP/Chief Product Officer	1700 GREENBRIAR LANE, BREA CA 92821
Mike Curtius	director
Ramona L Cappello	director	4600 SLEEPYTIME DR, BOULDER CO 80301