Enterprise Group (XGHA:EGL) Interest Expense : GHS-5 Mil (TTM As of Dec. 2022)

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What is Enterprise Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Enterprise Group's interest expense for the six months ended in Dec. 2022 was GHS -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was GHS-5 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. Enterprise Group's Operating Income for the six months ended in Dec. 2022 was GHS 286 Mil. Enterprise Group's Interest Expense for the six months ended in Dec. 2022 was GHS -5 Mil. Enterprise Group's Interest Coverage for the quarter that ended in Dec. 2022 was 54.26. 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.

Enterprise Group Interest Expense Historical Data

The historical data trend for Enterprise Group'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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Enterprise Group Interest Expense Chart

Enterprise Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-7.47

-7.81

-4.62

-3.05

-5.28

Enterprise Group Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Interest Expense	Get a 7-Day Free Trial									-7.47	-7.81	-4.62	-3.05	-5.28

Enterprise Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2022 was GHS-5 Mil.

Enterprise Group (XGHA:EGL) 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.

Enterprise Group's Interest Expense for the six months ended in Dec. 2022 was GHS-5 Mil. Its EBIT for the six months ended in Dec. 2022 was GHS286 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2022 was GHS17 Mil.

Enterprise Group's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	286.361	/	-5.278
	=	54.26

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Enterprise Group Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Enterprise Group (XGHA:EGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Enterprise Group Ltd (XGHA:EGL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mayor Road, Ridge West, Accra, Advantage Place, Accra, GHA, PMB 150

Website

https://www.myenterprisegroup.io

Enterprise Group Ltd is engaged in the business of investments, life, non-life and health insurance underwriting, pensions funds management, provision of funeral services and real estate development and management. It also underwrites insurance risks, associated with death, disability, health, property, and liability. The group is organized into six operating segments. These segments are Non-life insurance business; Life assurance business; Pension administration; Real estate; Funeral services; and Investments. The company derives its revenues from Life assurance business.