American Coastal Insurance (American Coastal Insurance) Interest Expense : $-10.9 Mil (TTM As of Dec. 2023)

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What is American Coastal Insurance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. American Coastal Insurance's interest expense for the three months ended in Dec. 2023 was $ -2.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-10.9 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. American Coastal Insurance's Operating Income for the three months ended in Dec. 2023 was $ 22.3 Mil. American Coastal Insurance's Interest Expense for the three months ended in Dec. 2023 was $ -2.7 Mil. American Coastal Insurance's Interest Coverage for the quarter that ended in Dec. 2023 was 8.20. 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.

American Coastal Insurance Interest Expense Historical Data

The historical data trend for American Coastal Insurance'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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American Coastal Insurance Interest Expense Chart

American Coastal Insurance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.78

-9.58

-9.30

-9.48

-10.88

American Coastal Insurance 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															-2.40	-2.72	-2.72	-2.72	-2.72

American Coastal Insurance 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 $-10.9 Mil.

American Coastal Insurance (NAS:ACIC) 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.

American Coastal Insurance's Interest Expense for the three months ended in Dec. 2023 was $-2.7 Mil. Its EBIT for the three months ended in Dec. 2023 was $22.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $149.5 Mil.

American Coastal Insurance'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	*	22.305	/	-2.719
	=	8.20

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

American Coastal Insurance (American Coastal Insurance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » American Coastal Insurance Corp (NAS:ACIC) » Definitions » Interest Expense

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Traded in Other Exchanges

0UI:Germany

Address

800 2nd Avenue South, Saint Petersburg, FL, USA, 33701

Website

https://www.amcoastal.com

American Coastal Insurance Corp is a holding company that underwrites commercial residential property and casualty insurance policies in the United States through its wholly-owned insurance subsidiary.

Executives

Patrick Maroney	director	800 2ND AVE S, ST PETERSBURG FL 33701
Kern Michael Davis	10 percent owner	6334 BAHAMA SHORES DR, S, ST. PETERSBURG FL 33705
Hood Iii William H.	10 percent owner	3962 TARIAN CT, PALM HARBOR FL 34684
Alec Ii Poitevint	director	360 CENTRAL AVENUE, SUITE 900, SAINT PETERSBURG FL 33701
Christopher Griffith	officer: Chief Information Officer	800 2ND AVE S, ST PETERSBURG FL 33701
Kent G Whittemore	director	360 CENTRAL AVENUE, SUITE 900, SAINT PETERSBURG FL 33701
Brad Martz	officer: Chief Financial Officer	C/O UNITED INSURANCE HOLDINGS CORP., 360 CENTRAL AVE., SUITE 900, ST. PETERSBURG FL 33701
Sherrill W Hudson	director	201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131
Michael Hogan	director	1359 21ST AVENUE N., SUITE 105, MYRTLE BEACH SC 29577
Gregory C Branch	director, 10 percent owner, other: Chairman of the Board	360 CENTRAL AVENUE, SUITE 900, SAINT PETERBURG FL 33701
Brooke Shirazi	officer: Chief Underwriting Officer	800 2ND AVE S, ST. PETERSBURG FL 33701
John Scott St	officer: Chief Claims Officer	800 2ND AVE S, ST PETERSBURG FL 33701
Brooke Adler	officer: Chief Legal Officer	800 2ND AVE S, ST PETERSBURG FL 33701
Alycia Weigley	officer: Chief Talent Officer	800 2ND AVE S, ST. PETERSBURG FL 33701
Christian Dittman	officer: Chief Risk Officer	800 2ND AVE S, ST PETERSBURG FL 33701