Munchener Ruckversicherungs-Gesellschaft AG (FRA:MUV2) Interest Expense : €-296 Mil (TTM As of Dec. 2023)

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What is Munchener Ruckversicherungs-Gesellschaft AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Munchener Ruckversicherungs-Gesellschaft AG's interest expense for the three months ended in Dec. 2023 was € -170 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-296 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. Munchener Ruckversicherungs-Gesellschaft AG's Operating Income for the three months ended in Dec. 2023 was € 713 Mil. Munchener Ruckversicherungs-Gesellschaft AG's Interest Expense for the three months ended in Dec. 2023 was € -170 Mil. Munchener Ruckversicherungs-Gesellschaft AG's Interest Coverage for the quarter that ended in Dec. 2023 was 4.19. 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.

Munchener Ruckversicherungs-Gesellschaft AG Interest Expense Historical Data

The historical data trend for Munchener Ruckversicherungs-Gesellschaft AG'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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Munchener Ruckversicherungs-Gesellschaft AG Interest Expense Chart

Munchener Ruckversicherungs-Gesellschaft AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-363.00

-339.00

-337.00

-287.00

-296.00

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-150.00	-42.00	-42.00	-42.00	-170.00

Munchener Ruckversicherungs-Gesellschaft AG 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-296 Mil.

Munchener Ruckversicherungs-Gesellschaft AG (FRA:MUV2) 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.

Munchener Ruckversicherungs-Gesellschaft AG's Interest Expense for the three months ended in Dec. 2023 was €-170 Mil. Its EBIT for the three months ended in Dec. 2023 was €713 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €4,713 Mil.

Munchener Ruckversicherungs-Gesellschaft AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	713	/	-170
	=	4.19

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

Munchener Ruckversicherungs-Gesellschaft AG (FRA:MUV2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Munchener Ruckversicherungs-Gesellschaft AG (FRA:MUV2) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MURGY:USA MURGF:USA MUV2:Italy MUV2d:UK 0KFE:UK MUV2:Germany MUVB:Germany MUV2:Germany MUV2:Germany MUVB:Germany

Address

Koniginstrasse 107, Munich, BY, DEU, 80802

Website

https://www.munichre.com

Munich Re was founded in 1880 by Carl Thieme amid a flurry of other reinsurance companies set up independent of primaries. In those early days, most reinsurers typically focussed on a few customers with strong reputations. Thieme focussed on a broader set of cedents in order to drive stronger growth in premiums. This coincided with a strategy of risk diversification and a preference to partner rather than take on a one-sided transfer of risk. In the 1890s, Munich introduced the first machinery insurance. After Thieme and Fink founded Allianz, this was the main channel to sell insurance on machinery. We think the approach of partnering with insurers and preferring to avoid one-sided risk, in conjunction with combining inspection and insurance services, remains at the heart of the firm.

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