PYCFF (Mount Logan Capital) Interest Expense : $-6.8 Mil (TTM As of Sep. 2024)

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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 Sep. 2024 was $ -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-6.8 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 Sep. 2024 was $ 30.5 Mil. Mount Logan Capital's Interest Expense for the three months ended in Sep. 2024 was $ -1.7 Mil. Mount Logan Capital's Interest Coverage for the quarter that ended in Sep. 2024 was 18.30. 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

-3.56

-5.98

Mount Logan Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.56	-1.77	-1.70	-1.66	-1.66

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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.8 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 Sep. 2024 was $-1.7 Mil. Its Operating Income for the three months ended in Sep. 2024 was $30.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $74.4 Mil.

Mount Logan Capital's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	30.451	/	-1.664
	=	18.30

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

Mount Logan Capital Business Description

Industry

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

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Traded in Other Exchanges

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. The Company's reporting segments include asset management and insurance. The asset management segment reflects the Company's historical operations through its subsidiaries, including ML Management, and the insurance segment represents Ability's operations. The Company through its subsidiaries, earns management and incentive fees and servicing fees for providing investment management, monitoring and other services to investment vehicles and advisers. The insurance business is operated by Ability. Ability's insurance business consists of premium revenue from long term care insurance policies.