E-L Financial (TSX:ELF) Interest Expense : C$-26 Mil (TTM As of Dec. 2023)

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What is E-L Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. E-L Financial's interest expense for the three months ended in Dec. 2023 was C$ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-26 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. E-L Financial's Operating Income for the three months ended in Dec. 2023 was C$ 679 Mil. E-L Financial's Interest Expense for the three months ended in Dec. 2023 was C$ -1 Mil. E-L Financial's Interest Coverage for the quarter that ended in Dec. 2023 was 891.43. 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.

E-L Financial Interest Expense Historical Data

The historical data trend for E-L 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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E-L Financial Interest Expense Chart

E-L Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-16.61

-20.80

-31.75

-20.74

-25.92

E-L 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															0.06	-9.42	-7.88	-7.87	-0.76

E-L 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 C$-26 Mil.

E-L Financial (TSX:ELF) 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.

E-L Financial's Interest Expense for the three months ended in Dec. 2023 was C$-1 Mil. Its EBIT for the three months ended in Dec. 2023 was C$679 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$733 Mil.

E-L 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	*	679.273	/	-0.762
	=	891.43

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

E-L Financial (TSX:ELF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » E-L Financial Corp Ltd (TSX:ELF) » Definitions » Interest Expense

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Address

165 University Avenue, 10th Floor, Toronto, ON, CAN, M5H 3B8

Website

https://www.e-lfinancial.ca

E-L Financial Corp Ltd operates as an investment and insurance holding company that provides a broad range of wealth management products, individual insurance products, group plans, and financial services to meet the needs of individuals, professionals, and businesses. The firm has two segments; The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products, and the E-L Corporate segment operations include the oversight of investments in equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies. The firm generates a majority of its revenue from the E-L Corporate segment.