Korean Reinsurance Co (XKRX:003690) Interest Expense : ₩-277 Mil (TTM As of Mar. 2024)

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What is Korean Reinsurance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Korean Reinsurance Co's interest expense for the three months ended in Mar. 2024 was ₩ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-277 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. Korean Reinsurance Co's Operating Income for the three months ended in Mar. 2024 was ₩ 0 Mil. Korean Reinsurance Co's Interest Expense for the three months ended in Mar. 2024 was ₩ 0 Mil. Korean Reinsurance Co has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Korean Reinsurance Co Interest Expense Historical Data

The historical data trend for Korean Reinsurance 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.

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Korean Reinsurance Co Interest Expense Chart

Korean Reinsurance Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-504.00

-360.50

-316.67

-303.12

-358.68

Korean Reinsurance Co 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															-81.38	-82.30	-79.31	-115.69	-

Korean Reinsurance Co 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 ₩-277 Mil.

Korean Reinsurance Co (XKRX:003690) 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.

Korean Reinsurance Co's Interest Expense for the three months ended in Mar. 2024 was ₩0 Mil. Its EBIT for the three months ended in Mar. 2024 was ₩0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩0 Mil.

Korean Reinsurance Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Korean Reinsurance Co had no long-term debt ⁽¹⁾.

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. Korean Reinsurance Co has enough cash to cover all of its debt. Its financial situation is stable.

Korean Reinsurance Co (XKRX:003690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Korean Reinsurance Co (XKRX:003690) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

68 Jongno 5 Gil, Jongno-gu, Seoul, KOR, 03151

Website

http://www.koreanre.co.kr

Korean Reinsurance Co is a South Korean reinsurer that provides clients with reinsurance services and risk-management solutions. The company provides nonlife and life reinsurance products that include fire insurance, marine and aviation insurance, comprehensive and engineering reinsurance, motor insurance, guaranteed insurance, foreign casualty insurance, long-term insurance, international reinsurance solutions, life insurance, and health insurance. The company derives over half of its income from Asian regions including China, Japan, Hong Kong, and Taiwan. Korean Re also has operations in the Middle East, Africa, Europe, and the Americas.

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