HRTG (Heritage Insurance Holdings) Interest Expense : $-10.9 Mil (TTM As of Dec. 2024)

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What is Heritage Insurance Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Heritage Insurance Holdings's interest expense for the three months ended in Dec. 2024 was $ -2.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-10.9 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. Heritage Insurance Holdings's Operating Income for the three months ended in Dec. 2024 was $ 31.5 Mil. Heritage Insurance Holdings's Interest Expense for the three months ended in Dec. 2024 was $ -2.6 Mil. Heritage Insurance Holdings's Interest Coverage for the quarter that ended in Dec. 2024 was 12.27. 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.

Heritage Insurance Holdings Interest Expense Historical Data

The historical data trend for Heritage Insurance 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.

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Heritage Insurance Holdings Interest Expense Chart

Heritage Insurance Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-7.97

-8.81

-11.21

-10.93

Heritage Insurance Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-3.00	-2.83	-2.78	-2.76	-2.57

Heritage Insurance 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10.9 Mil.

Heritage Insurance Holdings (NYSE:HRTG) 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.

Heritage Insurance Holdings's Interest Expense for the three months ended in Dec. 2024 was $-2.6 Mil. Its EBIT for the three months ended in Dec. 2024 was $31.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $61.2 Mil.

Heritage Insurance Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	31.518	/	-2.569
	=	12.27

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

Heritage Insurance Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Heritage Insurance Holdings Inc (NYSE:HRTG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

11H:Germany 11H:Germany

Address

1401 North Westshore Boulevard, Tampa, FL, USA, 33607

Website

https://www.heritagepci.com

Heritage Insurance Holdings Inc is a regional property and casualty insurance company that offers a variety of personal and commercial insurance products. Through its subsidiaries, Heritage Property & Casualty Insurance, Narragansett Bay Insurance, and Zephyr Insurance, the company issues personal residential property insurance in various states in the United States. It also offers commercial residential insurance predominantly for its Florida properties. Heritage Insurance manages insurance underwriting, customer services, actuarial analysis, distribution, and claims processing internally. Company operates in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina.

Executives

Paul L Whiting	director	2910 BAY TO BAY BLVD #200, TAMPA FL 33629
Ernie J Garateix	officer: Chief Operating Officer	2600 MCCORMICK DRIVE, SUITE 300, CLEARWATER IL 33759
Kirk Lusk	officer: Chief Financial Officer	2600 MCCORMICK DRIVE, SUITE 300, CLEARWATER FL 33759
Nicholas George Pappas	director	2600 MCCORMICK DRIVE, SUITE 300, CLEARWATER IL 33759
Richard A Widdicombe	director, officer: President	P O BOX 407193, FORT LAUDERDALE FL 33340
Raymond T Hyer	10 percent owner	3919 E 7TH AVENUE, TAMPA FL 33605
Timothy Moura	officer: See Remarks	C/O 2600 MCCORMICK DRIVE, SUITE 300, CLEARWATER FL 33301
Sean W Poole	other: Member of Group	3919 E 7TH AVE, TAMPA FL 33605
Tara K Tira	other: Member of Group	3919 E 7TH AVENUE, TAMPA FL 33605
Kathleen A Hyer	other: Member of Group	3919 E 7TH AVENUE, TAMPA FL 33605
Hyer Family Partnership, Llc	other: Member of Group	3919 E 7TH AVE, TAMPA FL 33605
Futura Circuits Corp.	other: Member of Group	3919 E 7TH AVE, TAMPA FL 33605
Steven C. Martindale	officer: Chief Financial Officer	C/O HERITAGE INSURANCE HOLDINGS, INC., 2600 MCCORMICK DRIVE SUITE 300, CLEARWATER FL 33759
Timothy E. Johns	officer: See Remarks	C/O HEI, P.O. BOX 730, HONOLULU HI 96808
Bruce Lucas	director, officer: Chairman & CEO	2109 E. PALM AVENUE, TAMPA FL 33605