SIC Insurance Co (XGHA:SIC) Interest Expense : GHS-2.1 Mil (TTM As of Dec. 2021)

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What is SIC Insurance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SIC Insurance Co's interest expense for the three months ended in Dec. 2021 was GHS -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2021 was GHS-2.1 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. SIC Insurance Co's Operating Income for the three months ended in Dec. 2021 was GHS 61.3 Mil. SIC Insurance Co's Interest Expense for the three months ended in Dec. 2021 was GHS -0.9 Mil. SIC Insurance Co's Interest Coverage for the quarter that ended in Dec. 2021 was 69.59. 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.

SIC Insurance Co Interest Expense Historical Data

The historical data trend for SIC Insurance Co'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.

SIC Insurance Co Interest Expense Chart

SIC Insurance Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-6.88

-3.50

-1.21

-2.13

-2.75

SIC Insurance Co Quarterly Data
	Dec15	Dec16	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Dec22
Interest Expense	Get a 7-Day Free Trial															-0.17	-0.54	-0.55	-0.88	-

SIC Insurance 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 Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was GHS-2.1 Mil.

SIC Insurance Co (XGHA:SIC) 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.

SIC Insurance Co's Interest Expense for the three months ended in Dec. 2021 was GHS-0.9 Mil. Its EBIT for the three months ended in Dec. 2021 was GHS61.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2021 was GHS2.7 Mil.

SIC Insurance Co's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2021 )	/	Interest Expense (Q: Dec. 2021 )
	=	-1	*	61.305	/	-0.881
	=	69.59

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

SIC Insurance Co (XGHA:SIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SIC Insurance Co Ltd (XGHA:SIC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

28/29 Ring Road East, Nyemitei House, P. O. Box 2363, Osu, Accra, GHA

Website

https://www.sic-gh.com

SIC Insurance Co Ltd is a Ghana-based insurance company. It offers non-life insurance products including Motor insurance, Fire insurance, Marine and aviation insurance; and Accident insurance. Along with its subsidiaries, the company also issues a diversified portfolio of investment services to provide its customers with asset management solutions for their savings and retirement needs as well as undertaking brokerage services and corporate finance. The firm operates in Ghana. The company generates the majority of its revenue from Fire Insurance.