TIPT (Tiptree) Interest Expense : $-32 Mil (TTM As of Dec. 2024)

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What is Tiptree Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tiptree's interest expense for the three months ended in Dec. 2024 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-32 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. Tiptree's Operating Income for the three months ended in Dec. 2024 was $ 51 Mil. Tiptree's Interest Expense for the three months ended in Dec. 2024 was $ -8 Mil. Tiptree's Interest Coverage for the quarter that ended in Dec. 2024 was 6.07. 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.

Tiptree Interest Expense Historical Data

The historical data trend for Tiptree'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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Tiptree Interest Expense Chart

Tiptree Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-32.58

-37.67

-30.24

-27.69

-32.25

Tiptree Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-7.47	-8.29	-8.02	-7.61	-8.33

Tiptree 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-32 Mil.

Tiptree (NAS:TIPT) 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.

Tiptree's Interest Expense for the three months ended in Dec. 2024 was $-8 Mil. Its EBIT for the three months ended in Dec. 2024 was $51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $365 Mil.

Tiptree's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	50.522	/	-8.329
	=	6.07

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

Tiptree Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tiptree Inc (NAS:TIPT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

660 Steamboat Road, 2nd Floor, Greenwich, CT, USA, 06830

Website

https://www.tiptreeinc.com

Tiptree Inc is a United States-based company that provides specialty insurance products and related services. It has two reportable segments: Insurance and Mortgage. The company generates the majority of its revenue from the Insurance Segment, which is engaged in designing, marketing, and underwriting specialty property and casualty insurance products incorporating value-added coverages and services for select target markets or niches. The Mortgage segment originates loans for sale to institutional investors, including GSEs and FHA/VA, and services loans on behalf of Fannie Mae, Freddie Mac, and Ginnie Mae.

Executives

Jonathan Ilany	director	PO BOX 180, WINCHESTER CENTER CT 06094
Neil Charles Rifkind	officer: General Counsel and Secretary	C/O TIPTREE INC., 660 STEAMBOAT ROAD, 2ND FL, GREENWICH CT 06830
Scott T. Mckinney	officer: Chief Financial Officer	660 STEAMBOAT ROAD, 2ND FLOOR, GREENWICH CT 06830
Sandra Bell	officer: Chief Financial Officer	C/O TIPTREE INC., 660 STEAMBOAT ROAD, 2ND FL, GREENWICH CT 06830
Randy Maultsby	officer: President	C/O TIPTREE INC., 660 STEAMBOAT ROAD, 2ND FL, GREENWICH CT 06830
Arif Inayatullah	10 percent owner	C/O TIPTREE INC., 660 STEAMBOAT ROAD, 2ND FL, GREENWICH CT 06830
Paul M Friedman	director	11 DEERFIELD LANE, SCARSDALE NY 10583
Dominique Mielle	director	C/O ANWORTH MORTGAGE ASSET CORPORATION, 1299 OCEAN AVENUE, SECOND FLOOR, SANTA MONICA CA 90401
Michael Gene Barnes	director, officer: Vice Chairman of the Board	TRICADIA CAPITAL, 299 PARK AVENUE, 13TH FLOOR, NEW YORK NY 10171
Nomura Securities Co Ltd	10 percent owner	13-1, NIHONBASHI 1-CHOME, CHUO-KU, TOKYO M0 103-8011
Prosight Specialty Insurance Group, Inc.	10 percent owner	412 MT. KEMBLE AVENUE, SUITE 300C, MORRISTOWN NJ 07960
New York Marine & General Insurance Co	10 percent owner	412 MT. KEMBLE AVENUE, SUITE 300C, MORRISTOWN NJ 07960
Prosight Global, Inc.	10 percent owner	412 MT. KEMBLE AVENUE, SUITE 300C, MORRISTOWN NJ 07960
Gotham Insurance Co	10 percent owner	412 MT. KEMBLE AVENUE, SUITE 300C, MORRISTOWN NJ 07960
Southwest Marine & General Insurance Co	10 percent owner	412 MT. KEMBLE AVENUE, SUITE 300C, MORRISTOWN NJ 07960