Ceylinco Insurance (COL:CINS.X0000) Interest Expense : රු-328 Mil (TTM As of Sep. 2023)

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What is Ceylinco Insurance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ceylinco Insurance's interest expense for the three months ended in Sep. 2023 was රු -103 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was රු-328 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. Ceylinco Insurance's Operating Income for the three months ended in Sep. 2023 was රු 3,099 Mil. Ceylinco Insurance's Interest Expense for the three months ended in Sep. 2023 was රු -103 Mil. Ceylinco Insurance's Interest Coverage for the quarter that ended in Sep. 2023 was 29.95. 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.

Ceylinco Insurance Interest Expense Historical Data

The historical data trend for Ceylinco 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.

* Premium members only.

Ceylinco Insurance Interest Expense Chart

Ceylinco Insurance Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-115.27

-246.49

-186.53

-150.39

-265.91

Ceylinco Insurance Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-47.64	-17.15	-117.17	-89.82	-103.46

Ceylinco 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was රු-328 Mil.

Ceylinco Insurance (COL:CINS.X0000) 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.

Ceylinco Insurance's Interest Expense for the three months ended in Sep. 2023 was රු-103 Mil. Its EBIT for the three months ended in Sep. 2023 was රු3,099 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was රු4,011 Mil.

Ceylinco Insurance's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	3099.255	/	-103.464
	=	29.95

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

Ceylinco Insurance (COL:CINS.X0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ceylinco Insurance PLC (COL:CINS.X0000) » Definitions » Interest Expense

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CINS.N0000:Sri Lanka

Address

No. 69, Janadhipathi Mawatha, Ceylinco House, Colombo, LKA, 01

Website

https://www.ceylincoinsuranceplc.com

Ceylinco Insurance PLC is engaged in seven business segments. The Life Insurance segment, which is the key revenue driver, offers whole-life products, term products, universal life products, and mortgage protection products. The Non-Life Insurance segment includes motor, fire, engineering, marine, and miscellaneous. The Healthcare segment includes a center for Cancer screening, Radiation treatment units, and a Diabetes center. The Maldives Foreign operations include non-life insurance products in Maldives. The Education Services segment includes primary, secondary, and high education courses. The Power generation segment generates and distributes hydropower to the national grid. Other segment includes investment holding, associate business, investment management & hotel services.

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