Sompo Holdings (TSE:8630) Interest Expense : 円-14,036 Mil (TTM As of Dec. 2023)

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What is Sompo Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sompo Holdings's interest expense for the three months ended in Dec. 2023 was 円 -3,568 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-14,036 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. Sompo Holdings's Operating Income for the three months ended in Dec. 2023 was 円 252,641 Mil. Sompo Holdings's Interest Expense for the three months ended in Dec. 2023 was 円 -3,568 Mil. Sompo Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 70.81. 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.

Sompo Holdings Interest Expense Historical Data

The historical data trend for Sompo Holdings'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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Sompo Holdings Interest Expense Chart

Sompo Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-13,902.00

-14,166.00

-13,734.00

-14,960.00

-15,966.00

Sompo Holdings 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															-4,461.00	-3,557.00	-3,370.00	-3,541.00	-3,568.00

Sompo Holdings 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 円-14,036 Mil.

Sompo Holdings (TSE:8630) 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.

Sompo Holdings's Interest Expense for the three months ended in Dec. 2023 was 円-3,568 Mil. Its EBIT for the three months ended in Dec. 2023 was 円252,641 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円687,160 Mil.

Sompo Holdings'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	*	252641	/	-3568
	=	70.81

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

Sompo Holdings (TSE:8630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sompo Holdings Inc (TSE:8630) » Definitions » Interest Expense

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SMPNY:USA NHOLF:USA ANK:Germany

Address

26-1, Nishi-Shinjuku 1-chome, Shinjuku-ku, Tokyo, JPN, 160-8338

Website

http://www.sompo-hd.com

Sompo Holdings was formed in 2010 after the merger of the former Sompo Japan and Nipponkoa Insurance. The name Sompo, which literally just means "nonlife insurance" in Japanese, was adopted as a common brand in 2001 for a planned three-way merger of Yasuda Fire, Nissan Fire, and Taisei Fire, although that deal had to be reworked after Taisei Fire's sudden bankruptcy from Sept. 11 losses. In the last few years Sompo has worked to integrate the former Nipponkoa, which before the merger had been somewhat of an industry laggard, to improve overall efficiency. Although Nissan Fire is one of its predecessor firms, in reality Sompo's development has been mainly driven by the former Yasuda Fire and the group has balanced ties to most of Japan's automakers, rather than focusing on Nissan.

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