Coface (Coface) Interest Expense : $-31 Mil (TTM As of Mar. 2024)

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What is Coface Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coface's interest expense for the three months ended in Mar. 2024 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-31 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. Coface's Operating Income for the three months ended in Mar. 2024 was $ 116 Mil. Coface's Interest Expense for the three months ended in Mar. 2024 was $ -14 Mil. Coface's Interest Coverage for the quarter that ended in Mar. 2024 was 8.48. 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.

Coface Interest Expense Historical Data

The historical data trend for Coface'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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Coface Interest Expense Chart

Coface Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-20.12

-23.76

-26.45

-24.27

-31.36

Coface Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-8.72	-8.47	-8.88	-8.82	-13.68

Coface 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-31 Mil.

Coface (OTCPK:COFAF) 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.

Coface's Interest Expense for the three months ended in Mar. 2024 was $-14 Mil. Its EBIT for the three months ended in Mar. 2024 was $116 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,838 Mil.

Coface's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	116.054	/	-13.679
	=	8.48

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

Coface (Coface) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Coface SA (OTCPK:COFAF) » Definitions » Interest Expense

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Traded in Other Exchanges

CFACY:USA 0QVK:UK COFA:France 65C:Germany

Address

1, place Costes et Bellonte, CS 20003, Bois-Colombes, FRA, 92270

Website

https://www.coface.com

Coface SA is a property and casualty insurance company. The vast majority of its revenue is generated by its group reinsurance business. Most of the company's sales are generated in Europe. The company offers credit insurance products to protect companies against potentially uncollected payments from their customers. Coface's strategy focuses on risk management. The company considers merger and acquisition investment as a component of its operational growth strategy.