Meritz Fire & Marine Insurance Co (XKRX:000060) Interest Expense : ₩-50,022 Mil (TTM As of Sep. 2022)

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What is Meritz Fire & Marine Insurance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meritz Fire & Marine Insurance Co's interest expense for the three months ended in Sep. 2022 was ₩ -15,452 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was ₩-50,022 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. Meritz Fire & Marine Insurance Co's Operating Income for the three months ended in Sep. 2022 was ₩ 374,486 Mil. Meritz Fire & Marine Insurance Co's Interest Expense for the three months ended in Sep. 2022 was ₩ -15,452 Mil. Meritz Fire & Marine Insurance Co's Interest Coverage for the quarter that ended in Sep. 2022 was 24.24. 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.

Meritz Fire & Marine Insurance Co Interest Expense Historical Data

The historical data trend for Meritz Fire & Marine 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.

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Meritz Fire & Marine Insurance Co Interest Expense Chart

Meritz Fire & Marine Insurance Co Annual Data

Trend

Mar12

Mar13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-22,259.67

-15,632.78

-26,580.71

-38,176.59

-37,756.03

Meritz Fire & Marine Insurance Co Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-6,841.22	-11,478.71	-12,995.48	-10,095.84	-15,452.04

Meritz Fire & Marine 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-50,022 Mil.

Meritz Fire & Marine Insurance Co (XKRX:000060) 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.

Meritz Fire & Marine Insurance Co's Interest Expense for the three months ended in Sep. 2022 was ₩-15,452 Mil. Its EBIT for the three months ended in Sep. 2022 was ₩374,486 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was ₩1,342,915 Mil.

Meritz Fire & Marine Insurance Co's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Sep. 2022 )	/	Interest Expense (Q: Sep. 2022 )
	=	-1	*	374486.014	/	-15452.044
	=	24.24

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

Meritz Fire & Marine Insurance Co (XKRX:000060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Meritz Fire & Marine Insurance Co Ltd (XKRX:000060) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

382 Gangnamdae-ro, Meritz Tower, Gangnam-gu, Seoul, KOR

Website

http://www.meritzfire.com

Meritz Fire & Marine Insurance Co Ltd is a property and casualty insurance company. The company operates one segment that focuses on property and casualty insurance products in Korea. The company offers automobile insurance, life and health insurance, and commercial liability insurance products. Meritz generates all of its revenue in South Korea. Meritz also provides child insurance, cancer insurance, and assurance analysis services. The company considers merger and acquisition investment as a component of its operational growth strategy.

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