Intact Financial (TSX:IFC) Interest Expense : C$-229 Mil (TTM As of Mar. 2024)

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What is Intact Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Intact Financial's interest expense for the three months ended in Mar. 2024 was C$ -57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-229 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. Intact Financial's Operating Income for the three months ended in Mar. 2024 was C$ 887 Mil. Intact Financial's Interest Expense for the three months ended in Mar. 2024 was C$ -57 Mil. Intact Financial's Interest Coverage for the quarter that ended in Mar. 2024 was 15.56. 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.

Intact Financial Interest Expense Historical Data

The historical data trend for Intact 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.

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Intact Financial Interest Expense Chart

Intact Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-110.00

-115.00

-153.00

-177.00

-222.00

Intact 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															-50.00	-52.00	-61.00	-59.00	-57.00

Intact 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 C$-229 Mil.

Intact Financial (TSX:IFC) 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.

Intact Financial's Interest Expense for the three months ended in Mar. 2024 was C$-57 Mil. Its EBIT for the three months ended in Mar. 2024 was C$887 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$5,379 Mil.

Intact 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	*	887	/	-57
	=	15.56

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

Intact Financial (TSX:IFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Intact Financial Corp (TSX:IFC) » Definitions » Interest Expense

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Address

700 University Avenue, Suite 1500, Toronto, ON, CAN, M5G 0A1

Website

https://www.intactfc.com

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities. Its asset mix is designed to generate interest and dividend income.

Executives

Timothy Michael Miller

Senior Officer

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