CIC Insurance Group (NAI:CIC) Interest Expense : KES-440 Mil (TTM As of Dec. 2022)

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What is CIC Insurance Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CIC Insurance Group's interest expense for the six months ended in Dec. 2022 was KES -440 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was KES-440 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. CIC Insurance Group's Operating Income for the six months ended in Dec. 2022 was KES 2,470 Mil. CIC Insurance Group's Interest Expense for the six months ended in Dec. 2022 was KES -440 Mil. CIC Insurance Group's Interest Coverage for the quarter that ended in Dec. 2022 was 5.61. 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.

CIC Insurance Group Interest Expense Historical Data

The historical data trend for CIC Insurance Group'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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CIC Insurance Group Interest Expense Chart

CIC Insurance Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-650.00

-670.12

-441.50

-431.08

-440.31

CIC Insurance Group Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Interest Expense	Get a 7-Day Free Trial							-650.00	-670.12	-441.50	-431.08	-440.31

CIC Insurance Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2022 was KES-440 Mil.

CIC Insurance Group (NAI:CIC) 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.

CIC Insurance Group's Interest Expense for the six months ended in Dec. 2022 was KES-440 Mil. Its EBIT for the six months ended in Dec. 2022 was KES2,470 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2022 was KES4,835 Mil.

CIC Insurance Group's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	2470.474	/	-440.305
	=	5.61

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

CIC Insurance Group (NAI:CIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CIC Insurance Group Ltd (NAI:CIC) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Mara Road, Upper Hill, P.O. Box 59485, CIC Plaza, Nairobi, KEN, 00200

Website

https://cic.co.ke

CIC Insurance Group Ltd is an insurance company. The Group's reportable segments are long-term business, general insurance business, asset management and other. Its product portfolio consists of General insurance, Life assurance, Health insurance, and Asset management services. It takes the risk for retail, Cooperative societies, and corporate entities.

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