Fidelis Insurance Holdings (Fidelis Insurance Holdings) Interest Expense : $-36 Mil (TTM As of Mar. 2024)

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What is Fidelis Insurance Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fidelis Insurance Holdings's interest expense for the three months ended in Mar. 2024 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-36 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. Fidelis Insurance Holdings's Operating Income for the three months ended in Mar. 2024 was $ 104 Mil. Fidelis Insurance Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -9 Mil. Fidelis Insurance Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 12.06. 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.

Fidelis Insurance Holdings Interest Expense Historical Data

The historical data trend for Fidelis Insurance 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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Fidelis Insurance Holdings Interest Expense Chart

Fidelis Insurance Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-24.70

-27.90

-35.40

-35.50

Fidelis Insurance Holdings Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-8.60	-9.00	-9.00	-8.90	-8.60

Fidelis Insurance 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-36 Mil.

Fidelis Insurance Holdings (NYSE:FIHL) 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.

Fidelis Insurance Holdings's Interest Expense for the three months ended in Mar. 2024 was $-9 Mil. Its EBIT for the three months ended in Mar. 2024 was $104 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $448 Mil.

Fidelis Insurance Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	103.7	/	-8.6
	=	12.06

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

Fidelis Insurance Holdings (Fidelis Insurance Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fidelis Insurance Holdings Ltd (NYSE:FIHL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

U0K:Germany

Address

100 Pitts Bay Road, Waterloo House, Pembroke, BMU, HM08

Website

https://www.fidelisinsurance.com

Fidelis Insurance Holdings Ltd is a global (re)insurance company. It classify the business into three underwriting segments, namely Bespoke, Specialty and Reinsurance. Specialty primarily comprises property D&F, energy, marine and aviation lines. Bespoke primarily comprises credit and political risk and other tailored solutions for clients including transactional liabilities and credit insurance. Reinsurance primarily comprises property reinsurance.