RDN (Radian Group) Interest Expense : $-109 Mil (TTM As of Sep. 2024)

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What is Radian Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Radian Group's interest expense for the three months ended in Sep. 2024 was $ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-109 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. Radian Group's Operating Income for the three months ended in Sep. 2024 was $ 225 Mil. Radian Group's Interest Expense for the three months ended in Sep. 2024 was $ -29 Mil. Radian Group's Interest Coverage for the quarter that ended in Sep. 2024 was 7.65. 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.

Radian Group Interest Expense Historical Data

The historical data trend for Radian 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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Radian Group Interest Expense Chart

Radian Group Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

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Dec23

Interest Expense

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-56.31

-71.15

-84.34

-84.45

-89.70

Radian Group 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															-23.28	-23.28	-29.05	-27.06	-29.39

Radian Group 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 $-109 Mil.

Radian Group (NYSE:RDN) 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.

Radian Group's Interest Expense for the three months ended in Sep. 2024 was $-29 Mil. Its EBIT for the three months ended in Sep. 2024 was $225 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1,617 Mil.

Radian Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	224.783	/	-29.391
	=	7.65

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

Radian Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Radian Group Inc (NYSE:RDN) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

550 East Swedesford Road, Suite 350, Wayne, PA, USA, 19087

Website

https://www.radian.com

Radian Group Inc provides mortgage insurance and services to the real estate and mortgage finance industries. Radian's mortgage insurance provides coverage to lending institutions throughout the United States. Its services include analytics and consulting for buyers and sellers of, and investors in, mortgage- and real estate-related loans and securities and other asset-backed securities. Insurance premiums account for more than three fourths of the company's revenue. Services revenue and investment income are the other principal sources of revenue. It operates in two segments: Mortgage and homegenius. The Mortgage segment earns the majority of revenue.

Executives

Richard G Thornberry	director, officer: Chief Executive Officer	RADIAN, 1601 MARKET ST, PHILADELPHIA PA 19103
Derek Brummer	officer: Chief Risk Officer	RADIAN GROUP INC., 1601 MARKET ST, PHILADELPHIA PA 19103
Mary Dickerson	officer: EVP Chief People Officer	RADIAN GROUP INC., 1500 MARKET ST., #2050W, PHILADELPHIA PA 19102
Robert Quigley	officer: Sr. Vice President, Controller	C/O RADIAN,, 1500 MARKET ST., #2050W, PHILADELPHIA PA 19102
Eric Ray	officer: Sr, Executive Vice President	C/O RADIAN, 1500 MARKET ST., #2050W, PHILADELPHIA PA 19102
Edward J Hoffman	officer: SVP, Secretary and General Cou	1601 MARKET STREET, PHILADELPHIA PA 19103
Sumita Pandit	officer: Sr. EVP, Chief Growth Officer	550 EAST SWEDESFORD RD., #350, WAYNE PA 19087
Noel Joseph Spiegel	director	RADIAN GROUP INC., 1601 MARKET STREET, PHILADELPHIA PA 19103
Brien Mcmahon	officer: EVP & Chief Franchise Officer	1500 MARKET ST., WEST TOWER, #2050, PHILADELPHIA PA 19102
Lisa Mumford	director	6 BEACHWOOD COURT, DIX HILLS NY 11746
Gregory Serio	director	RADIAN GROUP INC., 1601 MARKET ST., PHILADELPHIA PA 19103
Howard Bernard Culang	director	9 MARISSA COURT, ATLANTIC HIGHLANDS NJ 07716
Lisa Hess	director	RADIAN GROUP, 1601 MARKET ST, PHILADELPHIA PA 19103
Margaret Anne Leyden	director	550 E. SWEDESFORD RD.,, STE 350, WAYNE PA 19087
Fawad Ahmad	director	C/) RADIAN GROUP INC., 550 E. SWEDESFORD RD., #350, WAYNE PA 19087