Kingstone (Kingstone) Interest Expense : $-4.0 Mil (TTM As of Dec. 2023)

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What is Kingstone Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kingstone's interest expense for the three months ended in Dec. 2023 was $ -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.0 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. Kingstone's Operating Income for the three months ended in Dec. 2023 was $ 4.9 Mil. Kingstone's Interest Expense for the three months ended in Dec. 2023 was $ -1.0 Mil. Kingstone's Interest Coverage for the quarter that ended in Dec. 2023 was 4.91. 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.

Kingstone Interest Expense Historical Data

The historical data trend for Kingstone'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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Kingstone Interest Expense Chart

Kingstone Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.83

-2.02

-4.00

Kingstone Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.01	-1.01	-0.99	-1.00	-0.99

Kingstone 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 $-4.0 Mil.

Kingstone (NAS:KINS) 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.

Kingstone's Interest Expense for the three months ended in Dec. 2023 was $-1.0 Mil. Its EBIT for the three months ended in Dec. 2023 was $4.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $25.2 Mil.

Kingstone'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	*	4.896	/	-0.998
	=	4.91

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

Kingstone (Kingstone) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kingstone Companies Inc (NAS:KINS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

15 Joys Lane, Kingston, NY, USA, 12401

Website

https://www.kingstonecompanies.com

Kingstone Companies Inc is a multi-line regional property and casualty insurance holding company. It offers insurance policies to small and mid-sized businesses as well as to individuals.

Executives

Meryl S. Golden	director, officer: Chief Operating Officer	15 JOYS LANE, KINGSTON NY 12401
Timothy P Mcfadden	director	310 8TH AVENUE NORTH, ST. PETERSBURG FL 33701
Michelle A. Gage	officer: Chief Accounting Officer	C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Minlei Chen	officer: Chief Actuary and Senior VP	KINGSTONE INSURANCE COMPANY, 15 JOYS LANE, KINGSTON NY 12401
Jennifer Gravelle	officer: Chief Financial Officer	C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Pelt Scott Van	officer: Chief Financial Officer, Treas	C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
William L Yankus	director	10 PHEASANT HILL, FARMINGTON CT 06032
Richard Jason Swartz	officer: Chief Accounting Officer	70 EAST SUNRISE HIGHWAY, VALLEY STREAM NY 11581
Floyd R Tupper	director	C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Barry Goldstein	director, 10 percent owner, officer: President, COB, CEO, CFO, Trea	15 JOYS LANE, KINGSTON NY 12401
Jay M Haft	director, 10 percent owner	C/O NEUROTROPE, INC., 50 PARK PLACE, SUITE 1401, NEWARK NJ 07102
Dale A Thatcher	director	40 WANTAGE AVE, BRANCHVILLE NJ 07890
Carla D'andre	director	3540 LOQUAT AVENUE, MIAMI FL 33133
Jack D Siebald	director	1336 BOXWOOD DRIVE WEST, HEWLETT HARBOR NY 11557
Benjamin Walden	officer: VP+Chief Actuary-Kingstone Ins	11 MILL POND LANE, CENTERPORT NY 11721