RLI (STU:RL1) Interest Expense : €-6 Mil (TTM As of Mar. 2024)

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What is RLI Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RLI's interest expense for the three months ended in Mar. 2024 was € -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-6 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. RLI's Operating Income for the three months ended in Mar. 2024 was € 149 Mil. RLI's Interest Expense for the three months ended in Mar. 2024 was € -1 Mil. RLI's Interest Coverage for the quarter that ended in Mar. 2024 was 99.85. 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.

RLI Interest Expense Historical Data

The historical data trend for RLI'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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RLI Interest Expense Chart

RLI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.83

-6.25

-6.79

-7.60

-6.70

RLI 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															-1.88	-1.89	-1.76	-1.26	-1.49

RLI 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 €-6 Mil.

RLI (STU:RL1) 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.

RLI's Interest Expense for the three months ended in Mar. 2024 was €-1 Mil. Its EBIT for the three months ended in Mar. 2024 was €149 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €92 Mil.

RLI'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	*	148.68	/	-1.489
	=	99.85

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

RLI (STU:RL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » RLI Corp (STU:RL1) » Definitions » Interest Expense

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RLI:USA

Address

9025 North Lindbergh Drive, Peoria, IL, USA, 61615

Website

https://www.rlicorp.com

RLI Corp underwrites property and casualty insurance through its subsidiaries. The company offers insurance coverage in the specialty admitted market, where the products are designed for special risks. It also offers products in the excess and surplus markets, which provides an alternative for customers with risks or loss exposures that generally cannot be written in the standard admitted market. RLI distributes property and casualty insurance through its wholly-owned branch offices that market to wholesale and retail producers. The company's insurance operation segments include casualty, property, and surety and it derives a majority of its revenue from the Casualty segment.

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