Gjensidige Forsikring ASA (Gjensidige Forsikring ASA) Interest Expense : $-196 Mil (TTM As of Dec. 2023)

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What is Gjensidige Forsikring ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gjensidige Forsikring ASA's interest expense for the three months ended in Dec. 2023 was $ -83 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-196 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. Gjensidige Forsikring ASA's Operating Income for the three months ended in Dec. 2023 was $ 0 Mil. Gjensidige Forsikring ASA's Interest Expense for the three months ended in Dec. 2023 was $ -83 Mil. Gjensidige Forsikring ASA 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.

Gjensidige Forsikring ASA Interest Expense Historical Data

The historical data trend for Gjensidige Forsikring ASA'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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Gjensidige Forsikring ASA Interest Expense Chart

Gjensidige Forsikring ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-90.27

-90.70

-53.15

-94.88

-197.54

Gjensidige Forsikring ASA 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															-27.83	-30.62	-31.74	-50.64	-83.01

Gjensidige Forsikring ASA 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 $-196 Mil.

Gjensidige Forsikring ASA (OTCPK:GJNSY) 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.

Gjensidige Forsikring ASA's Interest Expense for the three months ended in Dec. 2023 was $-83 Mil. Its EBIT for the three months ended in Dec. 2023 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $413 Mil.

Gjensidige Forsikring ASA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

Gjensidige Forsikring ASA (Gjensidige Forsikring ASA) Business Description

Industry

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Traded in Other Exchanges

GJFo:Sweden GJF:Norway 0OJC:UK XGJ:Germany

Address

Schweigaardsgate 21, Oslo, NOR, 0191

Website

https://www.gjensidige.no

Gjensidige Forsikring ASA is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.

Gjensidige Forsikring ASA (Gjensidige Forsikring ASA) Headlines

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David Einhorn Comments on Gjensidige Forsikring

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