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MGIC Investment Corporation (MTG) Interest Expense

Annual Interest Expense

$35.60M$1.30M-3.53%

Summary

Current Value
As of today, MTG annual interest expense is $35.60M, down -3.53% on
Historical Performance
MTG annual interest expense is down -50.11% over the past 3 years, and down -32.39% over the past 5 years
All-Time High Comparison
MTG annual interest expense is currently -65.53% below its historical high of $103.27M set on
3-Year Low Comparison
MTG annual interest expense is at its 3-year low
Sector Comparison
MTG annual interest expense is higher than 65.76% of companies in Financial Services sector

Interest Expense Chart

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Series
SUGGESTED SERIES

Performance

MTG Performance
MetricDateValue1Y3Y5Y15Y
Annual Interest Expense$35.60M-3.5%-50.1%-32.4%-60.1%
Quarterly Interest Expense$0.000.0%0.0%0.0%0.0%
TTM Interest Expense$0.000.0%0.0%0.0%0.0%
Price$28.74+22.6%+125.8%+116.3%+149.7%
Annual Interest Coverage Ratio28.21+10.8%+130.5%+65.0%+250.3%
Annual EBIT$1.00B+6.9%+15.0%+11.5%+159.9%
Annual Total Debt$644.67M+0.2%-43.8%-22.6%-3.6%
Annual Revenue$1.21B+4.6%+1.9%-29.9%

Interest Expense Highs

MTG Annual Interest Expense Highs Comparison
PeriodHighDateCurrent
3Y$48.05MN/A-25.9%
5Y$71.36M-50.1%
All$103.27M-65.5%

Interest Expense Lows

MTG Annual Interest Expense Lows Comparison
PeriodLowDateCurrent
3Y$35.60Mat low
5Y$35.60Mat low
All$3.80M+836.9%

Interest Expense History

YearValueChange
$35.60M-3.5%
$36.91M-23.2%
$48.05M-32.7%
$71.36M+19.7%
$59.60M+13.2%
$52.66M-0.6%
YearValueChange
$52.99M-7.1%
$57.04M+0.6%
$56.67M-17.8%
$68.93M-1.0%
$69.65M-

FAQ

  • What is the current annual interest expense of MTG?

    As of today, MTG annual interest expense is $35.60M

  • What is 1-year change in MTG annual interest expense?

    MTG annual interest expense is down -3.53% year-over-year

  • What is 3-year change in MTG annual interest expense?

    MTG annual interest expense is down -50.11% over the past 3 years

  • How far is MTG annual interest expense from its all-time high?

    MTG annual interest expense is currently -65.53% below its historical high of $103.27M set on December 31, 2011

  • How does MTG annual interest expense rank versus sector peers?

    MTG annual interest expense is higher than 65.76% of companies in Financial Services sector

  • When is MTG next annual earnings release?

    The next annual earnings release for MTG is on

Interest Expense Formula

Interest Expense = Carrying Value of Debt × Effective Interest Rate

Data Sources & References

  1. MTG Official Website www.mgic.com/
  2. Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/876437/000087643725000127/0000876437-25-000127-index.htm
  3. Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/876437/000087643725000036/0000876437-25-000036-index.htm
  4. MTG Profile on Yahoo Finance finance.yahoo.com/quote/MTG
  5. MTG Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/mtg