Mutual Benefits Assurance (NSA:MBAS) Interest Expense : ₦-113 Mil (TTM As of Sep. 2023)

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What is Mutual Benefits Assurance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mutual Benefits Assurance's interest expense for the three months ended in Sep. 2023 was ₦ -56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₦-113 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. Mutual Benefits Assurance's Operating Income for the three months ended in Sep. 2023 was ₦ 1,926 Mil. Mutual Benefits Assurance's Interest Expense for the three months ended in Sep. 2023 was ₦ -56 Mil. Mutual Benefits Assurance's Interest Coverage for the quarter that ended in Sep. 2023 was 34.69. 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.

Mutual Benefits Assurance Interest Expense Historical Data

The historical data trend for Mutual Benefits Assurance'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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Mutual Benefits Assurance Interest Expense Chart

Mutual Benefits Assurance Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-33.66

-43.42

-22.82

-141.77

-177.10

Mutual Benefits Assurance Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-19.99	-67.33	-57.32	-	-55.51

Mutual Benefits Assurance 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦-113 Mil.

Mutual Benefits Assurance (NSA:MBAS) 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.

Mutual Benefits Assurance's Interest Expense for the three months ended in Sep. 2023 was ₦-56 Mil. Its EBIT for the three months ended in Sep. 2023 was ₦1,926 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ₦401 Mil.

Mutual Benefits Assurance's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1925.885	/	-55.512
	=	34.69

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

Mutual Benefits Assurance (NSA:MBAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mutual Benefits Assurance PLC (NSA:MBAS) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

233 Ikorodu Road, Aret Adams House, Ilupeju, Lagos, NGA

Website

https://www.mutualng.com

Mutual Benefits Assurance PLC provides a range of insurance products and services in the areas of life assurance and general insurance. Its segment includes the Assurance business; Real estate and Microfinance. The company's offerings include group Auto Insurance, Health Insurance, Pure Investment Products, Anticipated Endowment, Mutual Annuity Products, and Investment Linked Schemes, among others.

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