Hallmark Financial Services (FRA:SSB0) Interest Expense : €-7.1 Mil (TTM As of Sep. 2023)

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What is Hallmark Financial Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hallmark Financial Services's interest expense for the three months ended in Sep. 2023 was € -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was €-7.1 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. Hallmark Financial Services's Operating Income for the three months ended in Sep. 2023 was € -13.3 Mil. Hallmark Financial Services's Interest Expense for the three months ended in Sep. 2023 was € -1.9 Mil. Hallmark Financial Services 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.

Hallmark Financial Services Interest Expense Historical Data

The historical data trend for Hallmark Financial Services'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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Hallmark Financial Services Interest Expense Chart

Hallmark Financial Services Annual Data

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Interest Expense

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-4.00

-4.87

-4.38

-4.42

-5.57

Hallmark Financial Services Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-1.54	-1.65	-1.77	-1.79	-1.91

Hallmark Financial Services 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-7.1 Mil.

Hallmark Financial Services (FRA:SSB0) 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.

Hallmark Financial Services's Interest Expense for the three months ended in Sep. 2023 was €-1.9 Mil. Its EBIT for the three months ended in Sep. 2023 was €-13.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was €98.8 Mil.

Hallmark Financial Services's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Hallmark Financial Services did not have earnings to cover the interest expense.

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

Hallmark Financial Services (FRA:SSB0) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hallmark Financial Services Inc (FRA:SSB0) » Definitions » Interest Expense

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HALL:USA

Address

5420 Lyndon B. Johnson Freeway, Suite 1100, Two Lincoln Centre, Dallas, TX, USA, 75240

Website

https://www.hallmarkgrp.com

Hallmark Financial Services Inc is an insurance holding company, which is engaged in the sale of property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting, and servicing insurance products, as well as providing other insurance-related services. The company operates in segments such as Standard Commercial Segment, Specialty Commercial Segment, and Personal Segment. Geographically, it operates through the region of United States and derives a majority of its revenue from Specialty Commercial Segment, which includes Commercial Auto business unit, E&S Casualty business unit, E&S Property business unit, Professional Liability business unit, and Aerospace & Programs business unit.

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