Enstar Group (Enstar Group) Interest Expense : $-87.00 Mil (TTM As of Mar. 2024)

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What is Enstar Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Enstar Group's interest expense for the three months ended in Mar. 2024 was $ -22.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-87.00 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. Enstar Group's Operating Income for the three months ended in Mar. 2024 was $ 160.00 Mil. Enstar Group's Interest Expense for the three months ended in Mar. 2024 was $ -22.00 Mil. Enstar Group's Interest Coverage for the quarter that ended in Mar. 2024 was 7.27. 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.

Enstar Group Interest Expense Historical Data

The historical data trend for Enstar Group'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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Enstar Group Interest Expense Chart

Enstar Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-51.00

-58.00

-68.00

-93.00

-88.00

Enstar Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-23.00	-22.00	-22.00	-21.00	-22.00

Enstar Group 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 $-87.00 Mil.

Enstar Group (NAS:ESGRP.PFD) 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.

Enstar Group's Interest Expense for the three months ended in Mar. 2024 was $-22.00 Mil. Its EBIT for the three months ended in Mar. 2024 was $160.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,832.00 Mil.

Enstar Group'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	*	160	/	-22
	=	7.27

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

Enstar Group (Enstar Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Enstar Group Ltd (NAS:ESGRP.PFD) » Definitions » Interest Expense

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Traded in Other Exchanges

ESGRO.PFD:USA ESGR:USA

Address

22 Queen Street, Windsor Place, 3rd Floor, Hamilton, BMU, HM JX

Website

https://www.enstargroup.com

Enstar Group Ltd is a (re)insurance group that offers capital release solutions through its network of group companies. It seeks to create value by managing (re)insurance companies and portfolios of (re)insurance and other liability business in run-off and striving to generate an attractive risk-adjusted return from its investment portfolio. Its operations through four reportable segments: Run-off, Assumed Life, Investments, and Legacy Underwriting.