Central Reinsurance (TPE:2851) Interest Expense : NT$-0 Mil (TTM As of Mar. 2024)

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What is Central Reinsurance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Central Reinsurance's interest expense for the three months ended in Mar. 2024 was NT$ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-0 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. Central Reinsurance's Operating Income for the three months ended in Mar. 2024 was NT$ 1,303 Mil. Central Reinsurance's Interest Expense for the three months ended in Mar. 2024 was NT$ -0 Mil. Central Reinsurance's Interest Coverage for the quarter that ended in Mar. 2024 was 217,219.83. 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.

Central Reinsurance Interest Expense Historical Data

The historical data trend for Central Reinsurance'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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Central Reinsurance Interest Expense Chart

Central Reinsurance Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

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Dec21

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Dec23

Interest Expense

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-0.01

-0.02

-0.03

Central Reinsurance 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															-0.01	-0.01	-0.01	-0.01	-0.01

Central Reinsurance 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 NT$-0 Mil.

Central Reinsurance (TPE:2851) 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.

Central Reinsurance's Interest Expense for the three months ended in Mar. 2024 was NT$-0 Mil. Its EBIT for the three months ended in Mar. 2024 was NT$1,303 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$1 Mil.

Central Reinsurance'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	*	1303.319	/	-0.006
	=	217,219.83

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Central Reinsurance Corp has enough cash to cover all of its debt. Its financial situation is stable.

Central Reinsurance (TPE:2851) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Central Reinsurance Corp (TPE:2851) » Definitions » Interest Expense

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Address

Section 2, Nanjing East Road, 12th Floor, No. 53, Zhongshan District, Taipei, TWN, 10457

Website

https://www.centralre.com

Central Reinsurance Corp is an insurance company providing a range of property and life inward and outward reinsurance services. Central Reinsurance offers reinsurance protection on non-life insurance businesses, including fire, marine and aviation, casualty, motor, engineering, and residential earthquake insurance; and life insurance business including life, personal accident, and health insurance. The main source of revenue for the company is premiums and commission income.

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