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Vatryggingafelag Islands hf (OISE:VIS) Interest Expense : kr-299 Mil (TTM As of Mar. 2024)


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What is Vatryggingafelag Islands hf Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vatryggingafelag Islands hf's interest expense for the three months ended in Mar. 2024 was kr -299 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-299 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. Vatryggingafelag Islands hf's Operating Income for the three months ended in Mar. 2024 was kr 502 Mil. Vatryggingafelag Islands hf's Interest Expense for the three months ended in Mar. 2024 was kr -299 Mil. Vatryggingafelag Islands hf's Interest Coverage for the quarter that ended in Mar. 2024 was 1.68. 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.

Vatryggingafelag Islands hf Interest Expense Historical Data

The historical data trend for Vatryggingafelag Islands hf'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.

Vatryggingafelag Islands hf Interest Expense Chart

Vatryggingafelag Islands hf Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -663.68 -946.92 -384.49 - -249.52

Vatryggingafelag Islands hf Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -299.34

Vatryggingafelag Islands hf 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 kr-299 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.

Vatryggingafelag Islands hf  (OISE:VIS) 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.

Vatryggingafelag Islands hf's Interest Expense for the three months ended in Mar. 2024 was kr-299 Mil. Its EBIT for the three months ended in Mar. 2024 was kr502 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr8,998 Mil.

Vatryggingafelag Islands hf's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* EBIT (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*501.598/-299.344
=1.68

* 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.

Vatryggingafelag Islands hf (OISE:VIS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Vatryggingafelag Islands hf (OISE:VIS) » Definitions » Interest Expense
Comparable Companies
OISE:MAREL OISE:NOVA OISE:SIMINN OISE:FESTI OISE:HAGA OISE:SVN OISE:SJOVA OISE:REITIR OISE:BRIM OISE:KVIKA BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG ACGL MIL:G TSX:SLF HIG OHEL:SAMPO
Traded in Other Exchanges
N/A
Address
Ármúla 3, Reykjavik, ISL, 108
Website
https://www.vis.is
Vatryggingafelag Islands hf is an insurance company based in Iceland. The company's operating segments include Casuality insurance, Life insurance, and Financial activities. It generates a majority of its revenue from the Casuality insurance segment.