SCOR SE (SCOR SE) Interest Expense : $-126 Mil (TTM As of Dec. 2023)

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What is SCOR SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SCOR SE's interest expense for the six months ended in Dec. 2023 was $ -69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-126 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. SCOR SE's Operating Income for the six months ended in Dec. 2023 was $ 668 Mil. SCOR SE's Interest Expense for the six months ended in Dec. 2023 was $ -69 Mil. SCOR SE's Interest Coverage for the quarter that ended in Dec. 2023 was 9.73. 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.

SCOR SE Interest Expense Historical Data

The historical data trend for SCOR SE'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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SCOR SE Interest Expense Chart

SCOR SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-115.56

-135.04

-125.42

-120.76

-126.50

SCOR SE Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-53.11	-49.68	-70.98	-57.42	-68.70

SCOR SE 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 semi-annually data reported by the company within the most recent 12 months, which was $-126 Mil.

SCOR SE (OTCPK:SZCRF) 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.

SCOR SE's Interest Expense for the six months ended in Dec. 2023 was $-69 Mil. Its EBIT for the six months ended in Dec. 2023 was $668 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $3,501 Mil.

SCOR SE'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	*	668.484	/	-68.702
	=	9.73

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

SCOR SE (SCOR SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SCOR SE (OTCPK:SZCRF) » Definitions » Interest Expense

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Traded in Other Exchanges

SCRYY:USA SCRp:UK 0IT3:UK SCR:France SDRB:Germany SCR:Switzerland

Address

5, avenue Kleber, Paris, FRA, 75116

Website

https://www.scor.com

Scor is the world's fifth-largest reinsurer selling non-life and life reinsurance. Scor global life insurers life insurance and annuities. In its co-insurance agreements Scor shares in premiums and claims of life insurance contracts that have been sold by a primary insurer. In its excess of loss agreements, Scor reimburses a primary insurer for claims that are filed above an agreed amount. Scor also sells property and casualty reinsurance in co-insurance and excess of loss. Historically Scor has been better in specialist lines and not as good in lines where there is a large potential for loss. Having recently grown in natural catastrophe book, standards of underwriting have not been good. The business has subsequently decided to move back to its historical roots.

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