Hagerty (Hagerty) Interest Expense : $0 Mil (TTM As of Dec. 2023)

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What is Hagerty Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hagerty's interest expense for the three months ended in Dec. 2023 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0 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. Hagerty's Operating Income for the three months ended in Dec. 2023 was $ 0 Mil. Hagerty's Interest Expense for the three months ended in Dec. 2023 was $ 0 Mil. GuruFocus does not calculate Hagerty'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.

Hagerty Interest Expense Historical Data

The historical data trend for Hagerty'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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Hagerty Interest Expense Chart

Hagerty Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.99

-1.99

Hagerty Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial												-	-	-	-	-

Hagerty 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 $0 Mil.

Hagerty (NYSE:HGTY) 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.

Hagerty's Interest Expense for the three months ended in Dec. 2023 was $0 Mil. Its EBIT for the three months ended in Dec. 2023 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $78 Mil.

Hagerty's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

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

Hagerty (Hagerty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hagerty Inc (NYSE:HGTY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

121 Drivers Edge, Traverse, MI, USA, 49684

Website

https://www.hagerty.com

Hagerty Inc is a provider of specialty automotive insurance. It offers insurance for cars, boats, trucks, motorcycles, tractors, motorsports and others. Substantial revenue is derived from Commission and fees. Geographically it serves Europe, Canada and the United States.

Executives

Laurie Harris	director	C/O SYNCHRONOSS TECHNOLOGIES INC., 200 CROSSING BOULEVARD, BRIDGEWATER TOWNSHIP NJ 08807
Patrick Mcclymont	officer: Chief Financial Officer	902 BROADWAY, 20TH FLOOR, IMAX CORPORATION, NEW YORK NY 10010-6002
Kenneth Ahn	officer: President, Hagerty Marketplace	C/O BRIMSTONE ACQUISITION HOLDINGS CORP., 500 SOUTH POINTE DRIVE, SUITE 240, MIAMI BEACH FL 33139
William H Swanson	director	870 WINTER STREET, WALTHAM MA 02451
Kelly Edward Smith	officer: Chief Strategy Officer	2310 W. THREE LAKES DR., MERIDIAN ID 83646
John Carlisle Butcher	officer: President	18 THOMASINA LN., DARIEN CT 06820
Hagerty Holding Corp.	10 percent owner	121 DRIVERS EDGE, TRAVERSE CITY MI 49684
Mika Salmi	director	GSTEIGSTRASSE 17, ERLENBACH V8 8703
Mckeel Hagerty	director, officer: Chief Executive Officer	175 WILSON RD., TRAVERSE CITY MI 49686
Frederick Turcotte	officer: Chief Financial Officer	579 HIDDEN RIDGE DR., TRAVERSE CITY MI 49686
Champagne Collette	officer: Chief Operating Officer	510 SIXTH ST., TRAVERSE CITY MI 49684
Barbara E Matthews	officer: SVP, Gen. Counsel & Corp Secr.	323 GREEN ACRES LN., ELK RAPIDS MI 49629
Paul Rehrig	officer: Pres. of Hagerty Media & Entmt	13821 W. 87TH DR., ARVADA CO 80005
Michael L. Tipsord	director	STATE FARM INSURANCE COMPANYS, 1 STATE FARM PLAZA, BLOOMINGTON IL 61710
Sabrina Kay	director	30930 RUSSELL RANCH ROAD, SUITE 300, WESTLAKE VILLAGE CA 91362