Definity Financial (TSX:DFY) Interest Expense : C$-10 Mil (TTM As of Dec. 2024)

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What is Definity Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Definity Financial's interest expense for the three months ended in Dec. 2024 was C$ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was C$-10 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. Definity Financial's Operating Income for the three months ended in Dec. 2024 was C$ 159 Mil. Definity Financial's Interest Expense for the three months ended in Dec. 2024 was C$ -2 Mil. Definity Financial's Interest Coverage for the quarter that ended in Dec. 2024 was 79.30. 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.

Definity Financial Interest Expense Historical Data

The historical data trend for Definity Financial'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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Definity Financial Interest Expense Chart

Definity Financial Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

-104.40

-102.20

-0.60

-5.30

-9.60

Definity Financial Quarterly Data
	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												-1.70	-1.90	-3.10	-2.60	-2.00

Definity Financial 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 C$-10 Mil.

Definity Financial (TSX:DFY) 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.

Definity Financial's Interest Expense for the three months ended in Dec. 2024 was C$-2 Mil. Its EBIT for the three months ended in Dec. 2024 was C$159 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was C$150 Mil.

Definity Financial'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	*	158.6	/	-2
	=	79.30

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Definity Financial Corp has enough cash to cover all of its debt. Its financial situation is stable.

Definity Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Definity Financial Corp (TSX:DFY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

DFYFF:USA XR6:Germany

Address

111 Westmount Road South, Waterloo, ON, CAN, N2L 2L6

Website

https://www.definityfinancial.com

Definity Financial Corp is a property and casualty insurance services provider. It serves the insurance needs of individual, commercial, and farm customers. Its products portfolio includes Personal auto insurance, Personal home insurance, Group auto insurance, Group home insurance, Business property insurance, Business liability insurance, Commercial vehicle insurance, Surety bonds, Oilfield services insurance, General farm insurance, Premier cash crop insurance, and Winery insurance.

Executives

Micheal Joseph Kelly	Director
Rowan Saunders	Director, Senior Officer
Craig Edward David Richardson	Senior Officer
Tatjana Lalkovic	Senior Officer
Swiss Re Ltd	10% Security Holder
Liam Michael Mcfarlane	Senior Officer
Obaid Rahman	Senior Officer
Brigid V. Pelino	Senior Officer
Hans Reidl	Senior Officer

Definity Financial Headlines

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