Ensurance (ASX:ENA) Interest Expense : A$-0.00 Mil (TTM As of Jun. 2023)

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What is Ensurance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ensurance's interest expense for the six months ended in Jun. 2023 was A$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was A$-0.00 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. Ensurance's Operating Income for the six months ended in Jun. 2023 was A$ 1.98 Mil. Ensurance's Interest Expense for the six months ended in Jun. 2023 was A$ -0.00 Mil. Ensurance's Interest Coverage for the quarter that ended in Jun. 2023 was 659.00. 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.

Ensurance Interest Expense Historical Data

The historical data trend for Ensurance'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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Ensurance Interest Expense Chart

Ensurance Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.56

-0.66

-0.18

Ensurance Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.32	-0.12	-0.06	-	-

Ensurance 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.00 Mil.

Ensurance (ASX:ENA) 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.

Ensurance's Interest Expense for the six months ended in Jun. 2023 was A$-0.00 Mil. Its EBIT for the six months ended in Jun. 2023 was A$1.98 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was A$0.00 Mil.

Ensurance's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	1.977	/	-0.003
	=	659.00

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. Ensurance Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Ensurance (ASX:ENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ensurance Ltd (ASX:ENA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Grafton Street, Level 21, Westfield Tower 2, Bondi Junction, Sydney, NSW, AUS, 2022

Website

https://www.ensurance.com.au

Ensurance Ltd is a holding company that operates in the insurance industry. The business of the company includes insurance brokerage, underwriting agency, and IT solutions. The products of the company include home and content insurance, owner builder insurance, trades insurance, and specified construction insurance. It operates in two reportable segments being the business in the UK and the head office in Australia. Mainstream revenue consists of commission and administration fees associated with the placement of insurance contracts. Key revenue comes from the underwriting commission whereas geographically from UK operations.

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