Phoenix Holdings (XTAE:PHOE) Interest Expense : ₪-397 Mil (TTM As of Dec. 2023)

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What is Phoenix Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Phoenix Holdings's interest expense for the three months ended in Dec. 2023 was ₪ -102 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₪-397 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. Phoenix Holdings's Operating Income for the three months ended in Dec. 2023 was ₪ 1,134 Mil. Phoenix Holdings's Interest Expense for the three months ended in Dec. 2023 was ₪ -102 Mil. Phoenix Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 11.07. 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.

Phoenix Holdings Interest Expense Historical Data

The historical data trend for Phoenix Holdings'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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Phoenix Holdings Interest Expense Chart

Phoenix Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-148.82

-149.34

-208.75

-299.37

-396.98

Phoenix Holdings 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															-68.56	-96.36	-95.18	-102.95	-102.49

Phoenix Holdings 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 ₪-397 Mil.

Phoenix Holdings (XTAE:PHOE) 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.

Phoenix Holdings's Interest Expense for the three months ended in Dec. 2023 was ₪-102 Mil. Its EBIT for the three months ended in Dec. 2023 was ₪1,134 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₪7,464 Mil.

Phoenix Holdings'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	*	1134.244	/	-102.493
	=	11.07

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

Phoenix Holdings (XTAE:PHOE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Phoenix Holdings Ltd (XTAE:PHOE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

53 Derech Hashalom Street, Givatayim, ISR

Website

https://www.fnx.co.il

Phoenix Holdings Ltd provides various insurance products in Israel. The company's segment includes Life insurance and savings; Health; Property and casualty insurance; Pension and provident; Financial services; Insurance agencies and Credit. It generates maximum revenue from the Life insurance and savings segments.

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