F&G Annuities & Life (F&G Annuities & Life) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is F&G Annuities & Life Interest Coverage?

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 EBIT by its Interest Expense. F&G Annuities & Life's EBIT for the three months ended in Dec. 2023 was $-349 Mil. F&G Annuities & Life's Interest Expense for the three months ended in Dec. 2023 was $-26 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for F&G Annuities & Life's Interest Coverage or its related term are showing as below:

FG' s Interest Coverage Range Over the Past 10 Years
Min: 0.64 Med: 21.25 Max: 54.52
Current: 0.64

FG's Interest Coverage is ranked worse than
97.23% of 325 companies
in the Insurance industry
Industry Median: 13.52 vs FG: 0.64

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

F&G Annuities & Life Interest Coverage Historical Data

The historical data trend for F&G Annuities & Life's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No 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.

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F&G Annuities & Life Interest Coverage Chart

F&G Annuities & Life Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

14.16

N/A

54.52

28.34

0.64

F&G Annuities & Life Quarterly Data
	Dec19	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial						-	-	7.52	16.83	-

Competitive Comparison of F&G Annuities & Life's Interest Coverage

For the Insurance - Life subindustry, F&G Annuities & Life's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

F&G Annuities & Life's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, F&G Annuities & Life's Interest Coverage distribution charts can be found below:

* The bar in red indicates where F&G Annuities & Life's Interest Coverage falls into.

F&G Annuities & Life Interest Coverage Calculation

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:

If Interest Expense is negative and EBIT is positive, then

Interest Coverage

-1

EBIT

Interest Expense

Else if Interest Expense is negative and EBIT is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

F&G Annuities & Life's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, F&G Annuities & Life's Interest Expense was $-97 Mil. Its EBIT was $62 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,765 Mil.

Interest Coverage	=	-1	*	EBIT (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	62	/	-97
	=	0.64

F&G Annuities & Life's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, F&G Annuities & Life's Interest Expense was $-26 Mil. Its EBIT was $-349 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,765 Mil.

F&G Annuities & Life did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

F&G Annuities & Life (NYSE:FG) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

F&G Annuities & Life Interest Coverage Related Terms

Thank you for viewing the detailed overview of F&G Annuities & Life's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

F&G Annuities & Life (F&G Annuities & Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » F&G Annuities & Life Inc (NYSE:FG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Grand Avenue, Suite 2600, Des Moines, IA, USA, 50309

Website

https://www.fglife.com

F&G Annuities & Life Inc is a provider of insurance solutions serving retail annuity and life customers as well as institutional clients. Through its insurance subsidiaries, including FGL Insurance and Fidelity & Guaranty Life Insurance Company of New York it markets a broad portfolio of deferred annuities (fixed indexed annuities (FIAs) and multi-year guarantee annuities (MYGAs) or other fixed rate annuities), immediate annuities, indexed universal life (IUL) insurance, funding agreements (through funding agreement-backed notes (FABN) issuances and the Federal Home Loan Bank of Atlanta (FHLB)) and pension risk transfer (PRT) solutions.

Executives

Christopher O Blunt	officer: President & CEO	801 GRAND AVENUE, SUITE 2600, DES MOINES IA 50309
Doka Celina J. Wang	director	801 GRAND AVENUE, SUITE 2600, DES MOINES IA 50309
Douglas K Ammerman	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Douglas Martinez	director	801 GRAND AVENUE, SUITE 2600, DES MOINES IA 50309
Currier John David Jr.	officer: President, Retail Markets	601 LOCUST STREET, 14TH FLOOR, DES MOINES IA 50309
Scott D. Cochran	officer: President, Inst. & New Markets	1370 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Young Wendy J.b.	officer: CFO	TWO RUAN CENTER, 601 LOCUST STREET, 14TH FLOOR, DES MOINES IA 50309
Leena Punjabi	officer: Chief Investment Officer	1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
David Edward Martin	officer: CRO	1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
Foley William P Ii	director, officer: Exec Chairman of the Board	FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Fidelity National Financial, Inc.	10 percent owner	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
John D Rood	director	3020 HARTLEY ROAD SUITE 300, JACKSONVILLE FL 32257
Raymond R Quirk	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Michael Joseph Nolan	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204