Jubilee Life Insurance Co (KAR:JLICL) Interest Expense : ₨-230 Mil (TTM As of Dec. 2023)

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What is Jubilee Life Insurance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jubilee Life Insurance Co's interest expense for the three months ended in Dec. 2023 was ₨ -45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₨-230 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. Jubilee Life Insurance Co's Operating Income for the three months ended in Dec. 2023 was ₨ 1,525 Mil. Jubilee Life Insurance Co's Interest Expense for the three months ended in Dec. 2023 was ₨ -45 Mil. Jubilee Life Insurance Co's Interest Coverage for the quarter that ended in Dec. 2023 was 33.98. 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.

Jubilee Life Insurance Co Interest Expense Historical Data

The historical data trend for Jubilee Life 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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Jubilee Life Insurance Co Interest Expense Chart

Jubilee Life Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-152.78

-210.35

-174.28

-183.20

-229.97

Jubilee Life Insurance Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-12.88	-60.81	-71.28	-53.00	-44.87

Jubilee Life 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₨-230 Mil.

Jubilee Life Insurance Co (KAR:JLICL) 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.

Jubilee Life Insurance Co's Interest Expense for the three months ended in Dec. 2023 was ₨-45 Mil. Its EBIT for the three months ended in Dec. 2023 was ₨1,525 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₨855 Mil.

Jubilee Life Insurance Co'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	*	1524.804	/	-44.874
	=	33.98

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

Jubilee Life Insurance Co (KAR:JLICL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Jubilee Life Insurance Co Ltd (KAR:JLICL) » Definitions » Interest Expense

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Address

M.T. Khan Road, 74/1- A, Lalazar, Jubilee Life Insurance Building, Karachi, SD, PAK, 74000

Website

https://www.jubileelife.com

Jubilee Life Insurance Co Ltd is engaged in life insurance, carrying on non-participating business. It operates through seven segments, namely Individual Life Unit Linked, Conventional Business, Accident & Health Business, Overseas Group Life & Health Business, Individual Family Takafu, Group Family Takaful, and Accident & Health Family Takaful. The company generates the majority of its revenue from the Individual Life Unit Linked segment. Individual life contracts are mainly regular premium unit-linked policies, where policy value is determined as per the underlying assets' value.

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