PSC Insurance Group (ASX:PSI) Interest Expense : A$-10.9 Mil (TTM As of Dec. 2023)

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What is PSC Insurance Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PSC Insurance Group's interest expense for the six months ended in Dec. 2023 was A$ -6.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-10.9 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. PSC Insurance Group's Operating Income for the six months ended in Dec. 2023 was A$ -120.4 Mil. PSC Insurance Group's Interest Expense for the six months ended in Dec. 2023 was A$ -6.0 Mil. PSC Insurance Group did not have earnings to cover the interest expense. 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.

PSC Insurance Group Interest Expense Historical Data

The historical data trend for PSC Insurance Group'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.

PSC Insurance Group Interest Expense Chart

PSC Insurance Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-3.45

-6.09

-8.95

-8.04

-8.98

PSC Insurance Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial												-4.83	-3.21	-4.00	-4.99	-5.96

PSC Insurance Group 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 semi-annually data reported by the company within the most recent 12 months, which was A$-10.9 Mil.

PSC Insurance Group (ASX:PSI) 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.

PSC Insurance Group's Interest Expense for the six months ended in Dec. 2023 was A$-6.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-120.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$225.1 Mil.

PSC Insurance Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

PSC Insurance Group did not have earnings to cover the interest expense.

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

PSC Insurance Group (ASX:PSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PSC Insurance Group Ltd (ASX:PSI) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

96 Wellington Parade, Level 4, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.pscinsurancegroup.com.au

PSC Insurance Group is an insurance intermediary which owns broker and underwriting businesses in Australia, New Zealand and the U.K. It also runs the third largest broker network in Australia, allowing independent brokers to access support services for a fee. PSC Insurance derives most of its revenue from commissions (from insurers, ultimately paid for by PSC's customers) based on gross written premium. Broker GWP is split between small to medium enterprises (45%), and corporates (55%). The U.K. business spans retail and wholesale broking, underwriting agencies, and managing agents which have the authority to underwrite on behalf of insurers.