Everest Group (STU:ERE) Interest Expense : €-128 Mil (TTM As of Mar. 2024)

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What is Everest Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Everest Group's interest expense for the three months ended in Mar. 2024 was € -34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-128 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. Everest Group's Operating Income for the three months ended in Mar. 2024 was € 799 Mil. Everest Group's Interest Expense for the three months ended in Mar. 2024 was € -34 Mil. Everest Group's Interest Coverage for the quarter that ended in Mar. 2024 was 23.49. 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.

Everest Group Interest Expense Historical Data

The historical data trend for Everest 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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Everest Group Interest Expense Chart

Everest Group Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-28.52

-29.59

-61.95

-95.34

-122.88

Everest Group 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															-29.89	-30.46	-31.86	-32.10	-34.04

Everest 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 €-128 Mil.

Everest Group (STU:ERE) 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.

Everest Group's Interest Expense for the three months ended in Mar. 2024 was €-34 Mil. Its EBIT for the three months ended in Mar. 2024 was €799 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €994 Mil.

Everest 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	*	799.48	/	-34.04
	=	23.49

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

Everest Group (STU:ERE) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Everest Group Ltd (STU:ERE) » Definitions » Interest Expense

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Address

141 Front Street, Seon Place - 4th Floor, P.O. Box HM 845, Hamilton, BMU, HM 19

Website

https://www.everestglobal.com

Everest Group Ltd is engaged in providing insurance services in the U.S., Bermuda, and international markets. It operates in Reinsurance and Insurance business. The Reinsurance operation writes property and casualty reinsurance and specialty lines of business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies. The Insurance operation writes property and casualty insurance directly and through brokers, surplus lines brokers, and general agents within the U.S., Bermuda, Canada, Europe, and South America.

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