Clover Health Investments (CLOV) Interest Expenses (2020 - 2023)

Clover Health Investments (CLOV) reported Interest Expenses of $7000.0 for Q2 2023, down 98.21% on a YoY basis from $390000.0 in Q2 2022, and down 94.85% quarter-over-quarter from $136000.0 in Q4 2022.

Clover Health Investments (CLOV) Interest Expenses (2020 - 2023) Analysis & Trends

Clover Health Investments has reported Interest Expenses for 4 years, with the latest figure at $7000.0 in Q2 2023.

  • For the quarter ending Q2 2023, Interest Expenses fell 98.21% year-over-year to $7000.0; the trailing twelve-month figure through Mar 2024 stood at $7000.0 (down 99.25% YoY), and the FY2023 full-year result was $7000.0, down 99.47% from the prior year.
  • Interest Expenses for Q2 2023 stood at $7000.0, down from $136000.0 in the prior quarter.
  • The five-year high for Interest Expenses was $10.4 million in Q4 2020, with the low at $7000.0 in Q2 2023.
  • Historically, Interest Expenses has averaged $3.1 million across 4 years, with a median of $404000.0 in 2021.
  • Annual changes were most pronounced in 2022 — Interest Expenses changed 0.0% — and 2023, when it tumbled 98.21%.
  • Clover Health Investments' Interest Expenses stood at $10.4 million in 2020, then plunged by 96.14% to $403000.0 in 2021, then slumped by 66.25% to $136000.0 in 2022, then slumped by 94.85% to $7000.0 in 2023.
  • The last three Interest Expenses figures came in at $7000.0 (Q2 2023), $136000.0 (Q4 2022), and $404000.0 (Q3 2022), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Int Expense (Qtr)
1 Unitedhealth 363.95 Bn 334.15 Bn 98.90 Bn 955.00 Mn
2 Cvs Health 124.98 Bn 113.36 Bn 4.43 Bn 774.00 Mn
3 Elevance Health 85.46 Bn 50.04 Bn 13.88 Bn 357.00 Mn
4 Cigna 73.39 Bn 65.77 Bn -44.29 Bn -
5 Humana 43.40 Bn 21.50 Bn 4.00 Bn 193.00 Mn
6 Centene 30.02 Bn 6.36 Bn 49.24 Bn 164.00 Mn
7 Molina Healthcare 9.92 Bn 668.90 Mn 1.53 Bn 54.00 Mn
8 Oscar Health 8.44 Bn 1.64 Bn -3.22 Bn 5.38 Mn
9 Alignment Healthcare 4.50 Bn 3.77 Bn 135.85 Mn 4.06 Mn
10 Clover Health Investments 2.61 Bn 2.41 Bn 154.54 Mn -

Historic Data

Download Data
DateValue
Jun 30, 2023 7,000.00
Jun 30, 2023 7,000.00
Dec 31, 2022 136,000.00
Dec 31, 2022 136,000.00
Sep 30, 2022 404,000.00
Sep 30, 2022 404,000.00
Jun 30, 2022 390,000.00
Jun 30, 2022 390,000.00
Mar 31, 2022 403,000.00
Mar 31, 2022 403,000.00
Dec 31, 2021 403,000.00
Dec 31, 2021 403,000.00
Sep 30, 2021 404,000.00
Sep 30, 2021 404,000.00
Jun 30, 2021 1.21 Mn
Jun 30, 2021 1.21 Mn
Mar 31, 2021 1.18 Mn
Mar 31, 2021 1.18 Mn
Dec 31, 2020 10.43 Mn
Dec 31, 2020 10.43 Mn