Enact Holdings (Enact Holdings) Interest Expense : $-52 Mil (TTM As of Dec. 2023)

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What is Enact Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Enact Holdings's interest expense for the three months ended in Dec. 2023 was $ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-52 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. Enact Holdings's Operating Income for the three months ended in Dec. 2023 was $ 213 Mil. Enact Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -13 Mil. Enact Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 16.43. 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.

Enact Holdings Interest Expense Historical Data

The historical data trend for Enact Holdings'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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Enact Holdings Interest Expense Chart

Enact Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-18.24

-51.01

-51.70

-51.87

Enact Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-13.26	-13.07	-12.91	-12.94	-12.95

Enact Holdings 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 $-52 Mil.

Enact Holdings (NAS:ACT) 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.

Enact Holdings's Interest Expense for the three months ended in Dec. 2023 was $-13 Mil. Its EBIT for the three months ended in Dec. 2023 was $213 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $745 Mil.

Enact Holdings'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	*	212.692	/	-12.948
	=	16.43

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

Enact Holdings (Enact Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Enact Holdings Inc (NAS:ACT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

8325 Six Forks Road, Raleigh, NC, USA, 27615

Website

https://www.enactmi.com

Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance. Its product offerings include Primary mortgage insurance, which provides protection on individual loans at specified coverage percentages. Primary mortgage insurance is placed on individual loans at the time of origination and is typically delivered to the company on a loan-by-loan basis, and Pool mortgage insurance provides coverage on a finite set of individual loans identified by the pool policy.

Executives

Genworth Holdings, Inc.	10 percent owner	6620 WEST BROAD STREET, RICHMOND VA 23230
Jerome T Upton	director	GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Michael A Bless	director	C/O ROCKWELL INTERNATIONAL INC, 777 E. WISCONSIN AVE #1400, MILWAUKEE WI 53202
Brian Gould	officer: EVP & Chief Operations Officer	8325 SIX FORKS ROAD, RALEIGH NC 27615
Rohit Gupta	director, officer: President and CEO	C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Sheehan Daniel J Iv	director	6620 WEST BROAD STREET, RICHMOND VA 23230
Hardin Dean Mitchell	officer: EVP, CFO and Treasurer	8325 SIX FORKS ROAD, RALEIGH NC 27615
Michael Derstine	officer: EVP and Chief Risk Officer	8325 SIX FORKS ROAD, RALEIGH NC 27615
Anne G Waleski	director	1508 WEST AVENUE, RICHMOND VA 23220
Westley V Thompson	director	THE PHOENIX COMPANIES, INC., ONE AMERICAN ROW, HARTFORD CT 06102
Debra Still	director	520 MADISON AVE, 32ND FL, C/O CHIMERA INVESTMENT CORPORATION, NEW YORK NY 10022
John D Fisk	director	C/O AGNC INVESTMENT CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Restrepo Robert P Jr	director
Dominic James Addesso	director, other: Chairperson of the Board	477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Thomas J Mcinerney	director	6620 WEST BROAD STREET, RICHMOND VA 23230