PREPG.PFD (PartnerRe) Interest Expense : $-39.20 Mil (TTM As of Dec. 2020)

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What is PartnerRe Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PartnerRe's interest expense for the three months ended in Dec. 2020 was $ -13.93 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was $-39.20 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. PartnerRe's Operating Income for the three months ended in Dec. 2020 was $ 223.34 Mil. PartnerRe's Interest Expense for the three months ended in Dec. 2020 was $ -13.93 Mil. PartnerRe's Interest Coverage for the quarter that ended in Dec. 2020 was 16.03. 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.

PartnerRe Interest Expense Historical Data

The historical data trend for PartnerRe'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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PartnerRe Interest Expense Chart

PartnerRe Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-48.60

-42.50

-43.15

-40.15

-39.20

PartnerRe Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Interest Expense	Get a 7-Day Free Trial															-8.29	-8.25	-8.22	-8.81	-13.93

PartnerRe 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-39.20 Mil.

PartnerRe (NYSE:PREpG.PFD) 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.

PartnerRe's Interest Expense for the three months ended in Dec. 2020 was $-13.93 Mil. Its EBIT for the three months ended in Dec. 2020 was $223.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2020 was $1,974.73 Mil.

PartnerRe's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2020 )	/	Interest Expense (Q: Dec. 2020 )
	=	-1	*	223.343	/	-13.929
	=	16.03

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

PartnerRe Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PartnerRe Ltd (NYSE:PREpG.PFD) » Definitions » Interest Expense

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PREJF.PFD:USA

Address

90 Pitts Bay Road, Pembroke, BMU, HM 08

Website

https://www.partnerre.com

PartnerRe Ltd is a Bermuda-based holding company for international reinsurance groups, including Partner Reinsurance Company, Partner Reinsurance Europe SE, Partner Reinsurance Company of the U.S., and Partner Reinsurance Asia. PartnerRe reinsures risks include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines, mortality, longevity, accident and health, and alternative risk products. The company operates through the following segments the P&C segment, the Specialty segment under the non-life division, and the Life and Health segment. PartnerRe derives the majority of its revenue from the P&C segment.