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| Date | Value |
|---|---|
| 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 |