EIG (Employers Holdings) Interest Expense : $-0.6 Mil (TTM As of Sep. 2024)

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What is Employers Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Employers Holdings's interest expense for the three months ended in Sep. 2024 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.6 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. Employers Holdings's Operating Income for the three months ended in Sep. 2024 was $ 36.7 Mil. Employers Holdings's Interest Expense for the three months ended in Sep. 2024 was $ 0.0 Mil. GuruFocus does not calculate Employers Holdings's interest coverage with the available data. 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.

Employers Holdings Interest Expense Historical Data

The historical data trend for Employers Holdings'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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Employers Holdings Interest Expense Chart

Employers Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.60

-0.40

-0.50

-3.50

-5.80

Employers Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.00	-0.60	-	-	-

Employers Holdings 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.6 Mil.

Employers Holdings (NYSE:EIG) 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.

Employers Holdings's Interest Expense for the three months ended in Sep. 2024 was $0.0 Mil. Its EBIT for the three months ended in Sep. 2024 was $36.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $4.7 Mil.

Employers Holdings's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

GuruFocus does not calculate Employers Holdings's interest coverage with the available data.

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. Employers Holdings Inc has enough cash to cover all of its debt. Its financial situation is stable.

Employers Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Employers Holdings Inc (NYSE:EIG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2340 Corporate Circle, Suite 200, Henderson, NV, USA, 89074

Website

http://www.employers.com

Employers Holdings Inc provides workers' compensation insurance, to small businesses in low- to medium-hazard industries. Its customers are employers, and the insurance premiums that those employers pay to account for company revenue. Substantially all of the remaining revenue is generated through investments. The company operates exclusively in the United States, and it generates more than half of its business in California. By industry, the company has exposure to restaurants, which account for roughly a fourth of the total premiums the company earns. It operates as a single reportable segment, Insurance Operations, through itswholly owned subsidiaries.

Executives

Katherine H. Antonello	officer: EVP, Chief Actuary	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Alejandro Perez-tenessa	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Michael J Mcsally	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Christopher Laws	officer: EVP, Chief Actuary	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Tracey Lynn Berg	officer: EVP, Chief Information Officer	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Stephen V Festa	officer: Sr VP & CCO, EICN and ECIC	9790 GATEWAY DRIVE, SUITE 200, RENO NV 89521
Douglas D Dirks	director, officer: President and CEO of EIG	10375 PROFESSIONAL CIRCLE, RENO NV 89521
De Figueiredo Joao M	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
James R Kroner	director	600 FOURTH STREET, P.O. BOX 6000, SIOUX CITY IA 51102-6000
Jeanne L Mockard	director	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Lawrence S Rogers	officer: SVP, Chief Underwriting Office	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Richard W Blakey	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
John M. Mutschink	officer: SVP, Chief HR Officer	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Michael Scott Paquette	officer: EVP, Chief Financial Officer	EMPLOYERS HOLDINGS, INC., 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Barry J. Vogt	officer: SVP, Chief Claims Officer	10375 PROFESSIONAL CIRCLE, RENO NV 89521