Skyward Specialty Insurance Group (Skyward Specialty Insurance Group) Interest Expense : $-10.6 Mil (TTM As of Mar. 2024)

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What is Skyward Specialty Insurance Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Skyward Specialty Insurance Group's interest expense for the three months ended in Mar. 2024 was $ -2.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-10.6 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. Skyward Specialty Insurance Group's Operating Income for the three months ended in Mar. 2024 was $ 49.7 Mil. Skyward Specialty Insurance Group's Interest Expense for the three months ended in Mar. 2024 was $ -2.7 Mil. Skyward Specialty Insurance Group's Interest Coverage for the quarter that ended in Mar. 2024 was 18.23. 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.

Skyward Specialty Insurance Group Interest Expense Historical Data

The historical data trend for Skyward Specialty Insurance Group'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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Skyward Specialty Insurance Group Interest Expense Chart

Skyward Specialty Insurance Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-5.53

-4.62

-6.41

-10.02

Skyward Specialty Insurance Group Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-2.15	-2.47	-2.63	-2.77	-2.73

Skyward Specialty Insurance Group 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 $-10.6 Mil.

Skyward Specialty Insurance Group (NAS:SKWD) 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.

Skyward Specialty Insurance Group's Interest Expense for the three months ended in Mar. 2024 was $-2.7 Mil. Its EBIT for the three months ended in Mar. 2024 was $49.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $118.9 Mil.

Skyward Specialty Insurance Group'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	*	49.704	/	-2.727
	=	18.23

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

Skyward Specialty Insurance Group (Skyward Specialty Insurance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Skyward Specialty Insurance Group Inc (NAS:SKWD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 Gessner Road, Suite 600, Houston, TX, USA, 77024-4284

Website

https://www.skywardinsurance.com

Skyward Specialty Insurance Group Inc is a specialty insurance company that delivers commercial property and casualty products and solutions on a non-admitted and admitted basis. The firm has one reportable segment through which it offers a broad array of insurance coverages to a number of market niches. It operates multiple lines of business, including general liability, excess liability, professional liability, commercial auto, group accident, health, property, surety, and workers' compensation.

Executives

Westaim Corp	10 percent owner	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Gena L Ashe	director	C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Anthony J Kuczinski	director	800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
James Charles Hays	director	100 S. POINTE DRIVE, UNIT 2605, MIAMI BEACH FL 33139
Sean W Duffy	officer: EVP & CHIEF CLAIMS OFFICER	800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Westaim Hiig Limited Partnership	10 percent owner	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Dan Pk Bodnar	officer: CHIEF INFORMATION OFFICER	800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Leslie Shaunty	officer: GENERAL COUNSEL & SECRETARY	800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Thomas N Schmitt	officer: CHIEF PEOPLE & ADMIN. OFFICER	800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Sandip A Kapadia	officer: EVP, CHIEF ACTUARY	800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Katharine Terry	director	800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Burkhart John A Iii	officer: PRESIDENT - SPECIALTY LINES	800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Mark W Haushill	officer: EVP & CFO	C/O SKYWARD SPECIALTY INSURANCE GROUP, 800 GESSNER ROAD, STE 600, HOUSTON TX 77024
Kirby Hill	officer: PRESIDENT - INDUSTRY SOLUTIONS	800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Robert T. Kittel	director	70 YORK STREET, SUITE 1700, TORONTO A6 M5J 1S9