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Cincinnati Financial (LTS:0HYE) Interest Expense : $-53 Mil (TTM As of Mar. 2024)


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What is Cincinnati Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cincinnati Financial's interest expense for the three months ended in Mar. 2024 was $ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-53 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. Cincinnati Financial's Operating Income for the three months ended in Mar. 2024 was $ 966 Mil. Cincinnati Financial's Interest Expense for the three months ended in Mar. 2024 was $ -13 Mil. Cincinnati Financial's Interest Coverage for the quarter that ended in Mar. 2024 was 74.31. 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.

Cincinnati Financial Interest Expense Historical Data

The historical data trend for Cincinnati Financial'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.

Cincinnati Financial Interest Expense Chart

Cincinnati Financial 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 -53.00 -54.00 -53.00 -53.00 -54.00

Cincinnati Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -14.00 -13.00 -13.00 -14.00 -13.00

Cincinnati Financial 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 $-53 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.

Cincinnati Financial  (LTS:0HYE) 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.

Cincinnati Financial's Interest Expense for the three months ended in Mar. 2024 was $-13 Mil. Its EBIT for the three months ended in Mar. 2024 was $966 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $848 Mil.

Cincinnati Financial'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*966/-13
=74.31

* 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.

Cincinnati Financial (LTS:0HYE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Cincinnati Financial Corp (LTS:0HYE) » Definitions » Interest Expense
Comparable Companies
L MKL WRB CNA AFG KNSL RLI HIG SIGI THG PGR CB TSE:8766 TRV ALL HKSE:01339 TSX:IFC HKSE:02328 TSE:8725 TSX:FFH
Traded in Other Exchanges
CINF:USA CCJ:Germany
Address
6200 S. Gilmore Road, Fairfield, OH, USA, 45014-5141
Website
https://www.cinfin.com
Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.

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