EMC Insurance Group (EMC Insurance Group) Interest Expense : $-0.7 Mil (TTM As of Jun. 2019)

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What is EMC Insurance Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. EMC Insurance Group's interest expense for the three months ended in Jun. 2019 was $ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2019 was $-0.7 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. EMC Insurance Group's Operating Income for the three months ended in Jun. 2019 was $ 1.8 Mil. EMC Insurance Group's Interest Expense for the three months ended in Jun. 2019 was $ -0.2 Mil. EMC Insurance Group's Interest Coverage for the quarter that ended in Jun. 2019 was 10.65. 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.

EMC Insurance Group Interest Expense Historical Data

The historical data trend for EMC 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.

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EMC Insurance Group Interest Expense Chart

EMC Insurance Group Annual Data

Trend

Dec09

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Dec11

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Dec18

Interest Expense

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-0.34

-0.65

EMC Insurance Group Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Interest Expense	Get a 7-Day Free Trial															-0.17	-0.17	-0.17	-0.17	-0.17

EMC 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 Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.7 Mil.

EMC Insurance Group (NAS:EMCI) 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.

EMC Insurance Group's Interest Expense for the three months ended in Jun. 2019 was $-0.2 Mil. Its EBIT for the three months ended in Jun. 2019 was $1.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2019 was $25.0 Mil.

EMC Insurance Group's Interest Coverage for the quarter that ended in Jun. 2019 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Jun. 2019 )	/	Interest Expense (Q: Jun. 2019 )
	=	-1	*	1.811	/	-0.17
	=	10.65

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

EMC Insurance Group (EMC Insurance Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » EMC Insurance Group Inc (NAS:EMCI) » Definitions » Interest Expense

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Address

717 Mulberry Street, Des Moines, IA, USA, 50309

Website

http://www.emcins.com

EMC Insurance Group Inc is a United States based insurance provider that focusses on non-life insurance products. It derives significant revenues from its property and casualty insurance products, which it sells through its subsidiaries company. Its secondary source of revenue is its reinsurance segment. The group manages its reinsurance business through its subsidiary, EMC Reinsurance company, which sells commercial lines of property and casualty insurance products to small and medium-sized businesses.

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