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Zurich Insurance Co (JSE:ZSA) Interest Expense : R-20 Mil (TTM As of Dec. 2013)


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What is Zurich Insurance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zurich Insurance Co's interest expense for the six months ended in Dec. 2013 was R -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2013 was R-20 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. Zurich Insurance Co's Operating Income for the six months ended in Dec. 2013 was R -232 Mil. Zurich Insurance Co's Interest Expense for the six months ended in Dec. 2013 was R -20 Mil. Zurich Insurance Co did not have earnings to cover the interest expense. 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.


Zurich Insurance Co Interest Expense Historical Data

The historical data trend for Zurich Insurance Co'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.

Zurich Insurance Co Interest Expense Chart

Zurich Insurance Co Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Interest Expense
Get a 7-Day Free Trial Premium Member Only -31.77 -13.51 -28.20 -11.32 -20.47

Zurich Insurance Co Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Interest Expense Get a 7-Day Free Trial Premium Member Only -31.77 -13.51 -28.20 -11.32 -20.47

Zurich Insurance Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2013 was R-20 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.


Zurich Insurance Co  (JSE:ZSA) 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.

Zurich Insurance Co's Interest Expense for the six months ended in Dec. 2013 was R-20 Mil. Its EBIT for the six months ended in Dec. 2013 was R-232 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2013 was R0 Mil.

Zurich Insurance Co's Interest Coverage for the quarter that ended in Dec. 2013 is calculated as

Zurich Insurance Co did not have earnings to cover the interest expense.

* 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.


Zurich Insurance Co (JSE:ZSA) Business Description

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Zurich Insurance Co SA Ltd, a short-term insurance Company, was founded on 1965. The Company offers insurance products and services for individual, commercial and corporate customers. It provides short-term insurance, operating across corporate, commercial and domestic markets and markets its products through brokers and agents. It has a network of offices throughout South Africa. Its products consist of Body Corporate Insurance, Collectible Insurance, Commercial Insurance, Farmers Insurance, Flexiflite Insurance, Hospitality Insurance, Small and Medium Enterprises Insurance, Wineries Insurance, Home and Motor Insurance, Engineering Insurance, Marine Insurance and Travel Insurance. It provides services such as Fast Track Claims, Motor Assessing and Zurich Assist.

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