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SCOR SE (CHIX:SCRP) Interest Expense : €-117 Mil (TTM As of Jun. 2024)


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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 Jun. 2024 was € -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-117 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 Jun. 2024 was € 58 Mil. SCOR SE's Interest Expense for the six months ended in Jun. 2024 was € -54 Mil. SCOR SE's Interest Coverage for the quarter that ended in Jun. 2024 was 1.07. 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.

* Premium members only.

SCOR SE Interest Expense Chart

SCOR SE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -104.00 -111.00 -111.00 -114.00 -116.00

SCOR SE Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -47.00 -67.00 -53.00 -63.00 -54.00

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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-117 Mil.

* 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.

SCOR SE  (CHIX:SCRp) Interest Expense Explanation

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. The higher, the better.

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 Jun. 2024 was €-54 Mil. Its EBIT for the six months ended in Jun. 2024 was €58 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €3,066 Mil.

SCOR SE's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* EBIT (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*58/-54
=1.07

* 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.

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

SCOR SE Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SCOR SE (CHIX:SCRp) » Definitions » Interest Expense
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Traded in Other Exchanges
SZCRF:USA SCRYY:USA 0IT3:UK SCR:France SDRB:Germany SDRC:Germany SDRC:Germany SDRC:Germany SCR:Switzerland SCR:Austria
Address
5, avenue Kleber, Paris, FRA, 75116
Website
https://www.scor.com
Scor is the world's sixth-largest reinsurer, selling nonlife and life reinsurance. Scor global life insures life insurance and annuities. This means 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 coinsurance 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, standards of underwriting have not been good. The business has subsequently decided to move back to less volatile lines.

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