GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Coventry Health Care, Inc. (FRA:HCA) » Definitions » Interest Expense

Coventry Health Care, (FRA:HCA) Interest Expense : €-77 Mil (TTM As of Mar. 2013)


View and export this data going back to . Start your Free Trial

What is Coventry Health Care, Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coventry Health Care,'s interest expense for the three months ended in Mar. 2013 was € -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2013 was €-77 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. Coventry Health Care,'s Operating Income for the three months ended in Mar. 2013 was € 167 Mil. Coventry Health Care,'s Interest Expense for the three months ended in Mar. 2013 was € -19 Mil. Coventry Health Care,'s Interest Coverage for the quarter that ended in Mar. 2013 was 8.79. 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.


Coventry Health Care, Interest Expense Historical Data

The historical data trend for Coventry Health Care,'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.

Coventry Health Care, Interest Expense Chart

Coventry Health Care, Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -71.33 -58.22 -60.80 -75.29 -75.80

Coventry Health Care, Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
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 -19.35 -19.62 -19.15 -18.76 -18.98

Coventry Health Care, 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €-77 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.


Coventry Health Care,  (FRA:HCA) 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.

Coventry Health Care,'s Interest Expense for the three months ended in Mar. 2013 was €-19 Mil. Its Operating Income for the three months ended in Mar. 2013 was €167 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2013 was €1,224 Mil.

Coventry Health Care,'s Interest Coverage for the quarter that ended in Mar. 2013 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2013 )/Interest Expense (Q: Mar. 2013 )
=-1*166.882/-18.977
=8.79

* 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.


Coventry Health Care, (FRA:HCA) Business Description

Traded in Other Exchanges
N/A
Address
Website
Coventry Health Care, Inc. was incorporated under the laws of the State of Delaware on December 17, 1997 and is the successor to Coventry Corporation, which was incorporated on November 21, 1986. The Company provides risk and fee-based managed care products and services to a cross section of individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators. Its operations are segmented into three - Commercial Products, Government Programs and Workers' Compensation. The Commercial Products segment provides health plan commercial risk, commercial management services, Medicare Advantage Coordinated Care Plans, and Medicaid products. Its health plans offer commercial risk products, including health maintenance organization, preferred provider organization, and point of service products to individuals and employer groups. This segment also provides health insurance benefits under the Federal Employees Health Benefits Program; and administrative services only products, such as medical claims administration, pharmacy benefits management, and utilization management and quality assurance programs. In addition, it offers consumer-directed benefit options comprising health reimbursement and savings accounts to commercial customers; provider network rental services through a PPO network to national, regional, and local third-party administrators, as well as insurance carriers; and coordination of mental health and substance abuse treatment services. The Government Programs segment offers Medicare Part D program that provides access to prescription drug coverage for eligible beneficiaries; and comprehensive health benefits on a risk basis to members participating in the Medicare Advantage CCP and Medicaid programs. Its Workers Compensation segment offers fee-based managed care services, such as provider network access, bill review, pharmacy benefit management, durable medical equipment and ancillary services, and care management services to underwriters and administrators of workers compensation insurance. The company serves individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators through direct sales staff, and independent insurance brokers and agents.

Coventry Health Care, (FRA:HCA) Headlines