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Palomar Holdings (FRA:PH8) Interest Expense : €-1.7 Mil (TTM As of Sep. 2024)


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What is Palomar Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Palomar Holdings's interest expense for the three months ended in Sep. 2024 was € -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-1.7 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. Palomar Holdings's Operating Income for the three months ended in Sep. 2024 was € 34.8 Mil. Palomar Holdings's Interest Expense for the three months ended in Sep. 2024 was € -0.1 Mil. Palomar Holdings's Interest Coverage for the quarter that ended in Sep. 2024 was 445.77. 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.

Palomar Holdings Interest Expense Historical Data

The historical data trend for Palomar 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.

* Premium members only.

Palomar Holdings Interest Expense Chart

Palomar Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -0.96 -7.43 -0.04 -0.82 -3.46

Palomar 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 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 -0.81 -0.76 -0.68 -0.21 -0.08

Palomar 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 €-1.7 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.

Palomar Holdings  (FRA:PH8) 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.

Palomar Holdings's Interest Expense for the three months ended in Sep. 2024 was €-0.1 Mil. Its EBIT for the three months ended in Sep. 2024 was €34.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €0.0 Mil.

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

Interest Coverage=-1* EBIT (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*34.77/-0.078
=445.77

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Palomar Holdings Inc has enough cash to cover all of its debt. Its financial situation is stable.

Palomar Holdings Business Description

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PLMR:USA
Address
7979 Ivanhoe Avenue, Suite 500, La Jolla, CA, USA, 92037
Website
https://plmr.com
Palomar Holdings Inc is a United States-based company focused on the provision of specialty property insurance earthquake, wind, and flood insurance products. The company's core focus is on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington, and states with exposure to the New Madrid Seismic Zone. It offers specialty property insurance products in the target markets to both individuals and businesses through multiple channels, including retail agents, program administrators, wholesale brokers, and in partnership with other insurance companies. Its products include Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Inland Marine, Commercial All Risk, Hawaii Hurricane, Residential Flood and others.

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