Markel (Markel) Interest Expense : $-181.19 Mil (TTM As of Mar. 2024)

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What is Markel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Markel's interest expense for the three months ended in Mar. 2024 was $ -45.55 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-181.19 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. Markel's Operating Income for the three months ended in Mar. 2024 was $ 1,387.29 Mil. Markel's Interest Expense for the three months ended in Mar. 2024 was $ -45.55 Mil. Markel's Interest Coverage for the quarter that ended in Mar. 2024 was 30.46. 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.

Markel Interest Expense Historical Data

The historical data trend for Markel'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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Markel Interest Expense Chart

Markel Annual Data

Trend

Dec14

Dec15

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Dec23

Interest Expense

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-171.69

-177.58

-183.58

-196.06

-185.08

Markel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-49.44	-47.22	-44.55	-43.87	-45.55

Markel 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-181.19 Mil.

Markel (NYSE:MKV) 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.

Markel's Interest Expense for the three months ended in Mar. 2024 was $-45.55 Mil. Its EBIT for the three months ended in Mar. 2024 was $1,387.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $3,855.49 Mil.

Markel's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1387.286	/	-45.548
	=	30.46

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

Markel (Markel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Markel Corp (NYSE:MKV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MKL:USA MKV:Germany MKLC34:Brazil

Address

4521 Highwoods Parkway, Glen Allen, VA, USA, 23060-6148

Website

https://www.markel.com

Markel's primary business is property and casualty insurance, and the company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The acquisition of Alterra in 2013 added substantial reinsurance operations, which now account for a little less than 15% of premiums. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.