MGIC Investment (MGIC Investment) Interest Expense : $-37 Mil (TTM As of Dec. 2023)

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What is MGIC Investment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MGIC Investment's interest expense for the three months ended in Dec. 2023 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-37 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. MGIC Investment's Operating Income for the three months ended in Dec. 2023 was $ 239 Mil. MGIC Investment's Interest Expense for the three months ended in Dec. 2023 was $ -9 Mil. MGIC Investment's Interest Coverage for the quarter that ended in Dec. 2023 was 26.83. 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.

MGIC Investment Interest Expense Historical Data

The historical data trend for MGIC Investment'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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MGIC Investment Interest Expense Chart

MGIC Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-52.66

-59.60

-71.36

-48.05

-36.91

MGIC Investment 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															-9.38	-9.37	-9.38	-9.25	-8.90

MGIC Investment 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 $-37 Mil.

MGIC Investment (NYSE:MTG) 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.

MGIC Investment's Interest Expense for the three months ended in Dec. 2023 was $-9 Mil. Its EBIT for the three months ended in Dec. 2023 was $239 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $643 Mil.

MGIC Investment'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	*	238.747	/	-8.9
	=	26.83

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

MGIC Investment (MGIC Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MGIC Investment Corp (NYSE:MTG) » Definitions » Interest Expense

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Traded in Other Exchanges

MGC:Germany

Address

250 E. Kilbourn Avenue, MGIC Plaza, Milwaukee, WI, USA, 53202

Website

https://www.mgic.com

MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.

Executives

Michael Leal Thompson	director	4 BRIDGET COURT, BURR RIDGE IL 60527
Analisa M Allen	director	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Teresita M. Lowman	director	2235 ENTERPRISE STREET #110, ESCONDIDO CA 92029
Jodee A Kozlak	director	1000 NICOLLET MALL, TPS-3255, MINNEAPOLIS MN 55403
Jay C. Hartzell	director	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Sheryl L. Sculley	director	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Gary A. Poliner	director	C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Daniel A. Arrigoni	director	C/O MGIC INVESTMENT CORPORATION, 250 E KILBOURN AVE, MILWAUKEE WI 53202
James J. Hughes	officer: SVP-Sales & Bus. Development	C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Michael E Lehman	director
Julie K. Sperber	officer: VP-Controller & Chief Acct Off	MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Patrick Sinks	officer: Executive Vice President	250 E KILBOURN AVE, MILWAUKEE WI 53202
Steven M. Thompson	officer: EVP&CRO-Mort Gty Ins Corp	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Nathaniel H Colson	officer: Executive Vice President & CFO	C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Robert J Candelmo	officer: SVP-Chief Information Officer	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202