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Lancashire Holdings (Lancashire Holdings) Interest Expense : $-27 Mil (TTM As of Dec. 2023)


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What is Lancashire Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lancashire Holdings's interest expense for the six months ended in Dec. 2023 was $ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-27 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. Lancashire Holdings's Operating Income for the six months ended in Dec. 2023 was $ 177 Mil. Lancashire Holdings's Interest Expense for the six months ended in Dec. 2023 was $ -12 Mil. Lancashire Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 15.03. 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.

Lancashire Holdings Interest Expense Historical Data

The historical data trend for Lancashire 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.

* Premium members only.

Lancashire Holdings Interest Expense Chart

Lancashire Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -19.80 -17.00 -26.90 -26.60 -27.30

Lancashire Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.80 -14.70 -11.90 -15.50 -11.80

Lancashire 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 semi-annually data reported by the company within the most recent 12 months, which was $-27 Mil.

* 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.

Lancashire Holdings  (OTCPK:LCSHF) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Lancashire Holdings's Interest Expense for the six months ended in Dec. 2023 was $-12 Mil. Its EBIT for the six months ended in Dec. 2023 was $177 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $468 Mil.

Lancashire 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*177.3/-11.8
=15.03

* 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.

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

Lancashire Holdings (Lancashire Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Lancashire Holdings Ltd (OTCPK:LCSHF) » Definitions » Interest Expense
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LREl:UK LRE:UK
Address
7 Par-la-Ville Road, Power House, Hamilton, BMU, HM 11
Website
https://www.lancashiregroup.com
Lancashire Holdings Ltd is a specialty insurer and reinsurer. More than two-thirds of the premiums it receives are for insurance and reinsurance contracts that cover the United States and Canada or offshore areas throughout the world. Property insurance and reinsurance premiums provide the largest portion of the company's revenue. The company also provides insurance in the energy, marine, and aviation segments. More than a third of the company's premiums come through the company's Cathedral platform, which consists of two syndicates within Lloyd's market.