Ayalon Insurance Co (XTAE:AYAL) Interest Expense : ₪-58 Mil (TTM As of Dec. 2023)

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What is Ayalon Insurance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ayalon Insurance Co's interest expense for the three months ended in Dec. 2023 was ₪ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₪-58 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. Ayalon Insurance Co's Operating Income for the three months ended in Dec. 2023 was ₪ 94 Mil. Ayalon Insurance Co's Interest Expense for the three months ended in Dec. 2023 was ₪ -20 Mil. Ayalon Insurance Co's Interest Coverage for the quarter that ended in Dec. 2023 was 4.77. 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.

Ayalon Insurance Co Interest Expense Historical Data

The historical data trend for Ayalon Insurance Co'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.

* Premium members only.

Ayalon Insurance Co Interest Expense Chart

Ayalon Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-26.51

-42.54

-42.92

-36.60

-57.55

Ayalon Insurance Co 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															-13.63	-12.49	-13.69	-11.66	-19.70

Ayalon Insurance Co 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 ₪-58 Mil.

Ayalon Insurance Co (XTAE:AYAL) 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.

Ayalon Insurance Co's Interest Expense for the three months ended in Dec. 2023 was ₪-20 Mil. Its EBIT for the three months ended in Dec. 2023 was ₪94 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₪724 Mil.

Ayalon Insurance Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	93.916	/	-19.703
	=	4.77

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

Ayalon Insurance Co (XTAE:AYAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ayalon Insurance Co (XTAE:AYAL) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

12 Abba Hillel Silver Street, Ramat Gan, ISR, 52008

Website

https://www.ayalon-ins.co.il

Ayalon Insurance Co is a holding company and act as a management and consulting services provider. It provides life and general insurance products and services. The company offers insurance policies including car insurance, car possession insurance, property cover, life insurance that covers sickness, disability and death. It also provides mortgage insurance.

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