Ryan Specialty Holdings (Ryan Specialty Holdings) Interest Expense : $-119 Mil (TTM As of Mar. 2024)

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What is Ryan Specialty Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ryan Specialty Holdings's interest expense for the three months ended in Mar. 2024 was $ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-119 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. Ryan Specialty Holdings's Operating Income for the three months ended in Mar. 2024 was $ 77 Mil. Ryan Specialty Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -29 Mil. Ryan Specialty Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 2.60. 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.

Ryan Specialty Holdings Interest Expense Historical Data

The historical data trend for Ryan Specialty 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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Ryan Specialty Holdings Interest Expense Chart

Ryan Specialty Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-35.55

-47.24

-79.35

-104.83

-119.51

Ryan Specialty Holdings Quarterly Data
	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													-29.47	-28.88	-31.49	-29.67	-29.40

Ryan Specialty 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 $-119 Mil.

Ryan Specialty Holdings (NYSE:RYAN) 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.

Ryan Specialty Holdings's Interest Expense for the three months ended in Mar. 2024 was $-29 Mil. Its EBIT for the three months ended in Mar. 2024 was $77 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,090 Mil.

Ryan Specialty 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	*	76.503	/	-29.4
	=	2.60

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

Ryan Specialty Holdings (Ryan Specialty Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ryan Specialty Holdings Inc (NYSE:RYAN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 North Stetson Avenue, Suite 4600, Two Prudential Plaza, Chicago, IL, USA, 60601

Website

https://www.ryanspecialty.com

Ryan Specialty Holdings Inc is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.

Executives

David P Bolger	director	200 EST RANDOLPH ST, CHICAGO IL 60601
Anthony J Kuczinski	director	800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Nicholas Dominic Cortezi	director, officer: See Remarks	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Lisa Jo Paschal-alcorn	officer: See Remarks	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Michael Conklin	officer: EVP & CHRO	500 DELAWARE AVENUE, WSFS FINANCIAL CORPORATION & BANK CENTER, WILMINGTON DE 19801
Francesca Cornelli	director	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Brendan Martin Mulshine	officer: See Remarks	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Onex Corp	director	161 BAY STREET, P O BOX 700, TORONTO ONTARIO CANA A6
Timothy William Turner	director, officer: President	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Patrick G Ryan	director, 10 percent owner, officer: Chief Executive Officer	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Mark Stephen Katz	officer: See Remarks	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Michael Thomas Vanacker	officer: See Remarks	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Michael D Ohalleran	director	1450 WAUKEGAN ROAD, MCGAW PARK, CHICAGO IL 60085
Michelle L Collins	director	C/O MOLEX INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60503
Devers William J Jr	director	233 NORTH MICHIGAN AVENUE, 22ND FLOOR, CHICAGO IL 60601