Clal Insurance Enterprises Holdings (XTAE:CLIS) Interest Expense : ₪-798 Mil (TTM As of Mar. 2024)

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What is Clal Insurance Enterprises Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Clal Insurance Enterprises Holdings's interest expense for the three months ended in Mar. 2024 was ₪ -208 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₪-798 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. Clal Insurance Enterprises Holdings's Operating Income for the three months ended in Mar. 2024 was ₪ 287 Mil. Clal Insurance Enterprises Holdings's Interest Expense for the three months ended in Mar. 2024 was ₪ -208 Mil. Clal Insurance Enterprises Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 1.38. 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.

Clal Insurance Enterprises Holdings Interest Expense Historical Data

The historical data trend for Clal Insurance Enterprises Holdings'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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Clal Insurance Enterprises Holdings Interest Expense Chart

Clal Insurance Enterprises Holdings Annual Data

Trend

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Dec23

Interest Expense

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-242.04

-160.67

-236.00

-213.00

-651.00

Clal Insurance Enterprises Holdings 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															-61.00	-208.00	-212.00	-170.00	-208.00

Clal Insurance Enterprises Holdings 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 ₪-798 Mil.

Clal Insurance Enterprises Holdings (XTAE:CLIS) 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.

Clal Insurance Enterprises Holdings's Interest Expense for the three months ended in Mar. 2024 was ₪-208 Mil. Its EBIT for the three months ended in Mar. 2024 was ₪287 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₪769 Mil.

Clal Insurance Enterprises Holdings'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	*	287	/	-208
	=	1.38

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

Clal Insurance Enterprises Holdings (XTAE:CLIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Clal Insurance Enterprises Holdings Ltd (XTAE:CLIS) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

36 Raul Wallenberg Road, Kiryat Atidim, Tower 8, Tel Aviv, ISR, 6136902

Website

https://www.clalbit.co.il

Clal Insurance Enterprises Holdings Ltd is an insurance company, part of IDB Group, a conglomerate from Israel. Its lines of business are: Nonlife insurance, Health insurance, Pensions, and provident funds for private and corporate clients. Clal insurance divisions are: nonlife insurance, long-term savings, and health. The nonlife insurance division offers automotive, property, personal accidents, guarantees, liability, and marine insurance, among others. The life insurance and long-term savings division manages long-term assets, such as life insurance, pensions, and funds. The health insurance division consists of health insurance products, such as local and overseas surgeries, transplants, medications, critical illness, long-term care, and accidents. The company's main market is Israel.