Mount Logan Capital (Mount Logan Capital) Interest Expense : $-27.0 Mil (TTM As of Dec. 2023)

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What is Mount Logan Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mount Logan Capital's interest expense for the three months ended in Dec. 2023 was $ 6.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-27.0 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. Mount Logan Capital's Operating Income for the three months ended in Dec. 2023 was $ 1.4 Mil. Mount Logan Capital's Interest Expense for the three months ended in Dec. 2023 was $ 6.1 Mil. Mount Logan Capital did not have earnings to cover the interest expense. 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.

Mount Logan Capital Interest Expense Historical Data

The historical data trend for Mount Logan Capital'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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Mount Logan Capital Interest Expense Chart

Mount Logan Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.56

-2.01

-2.86

-4.84

-12.29

Mount Logan Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.56	-27.15	-2.41	-3.54	6.08

Mount Logan Capital 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 $-27.0 Mil.

Mount Logan Capital (OTCPK:PYCFF) 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.

Mount Logan Capital's Interest Expense for the three months ended in Dec. 2023 was $6.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $74.9 Mil.

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

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

Mount Logan Capital (Mount Logan Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mount Logan Capital Inc (OTCPK:PYCFF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

P31Q:Germany MLC:Canada

Address

650 Madison Avenue, 23rd Floor, New York, NY, USA, 10022

Website

https://www.mountlogancapital.ca

Mount Logan Capital Inc operates as emerging asset management and investment firm primarily focused on investing in public and private debt securities in the North American market. It holds and actively manages and monitors a portfolio of loans and other investments with credit-oriented characteristics. It actively sources, evaluates, underwrites, monitors, and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present a low risk of principal impairment through the credit cycle. The company's investment objective is to achieve income and potential capital gains, with attractive risk adjusted return, low volatility, and low risk of principal impairment through the credit cycle.

Mount Logan Capital (Mount Logan Capital) Headlines

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