MS&AD Insurance Group Holdings (MS&AD Insurance Group Holdings) Interest Coverage : 95.41 (As of Dec. 2023)

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What is MS&AD Insurance Group Holdings 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. MS&AD Insurance Group Holdings's EBIT for the three months ended in Dec. 2023 was $1,795 Mil. MS&AD Insurance Group Holdings's Interest Expense for the three months ended in Dec. 2023 was $-19 Mil. MS&AD Insurance Group Holdings's interest coverage for the quarter that ended in Dec. 2023 was 95.41. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for MS&AD Insurance Group Holdings's Interest Coverage or its related term are showing as below:

MSADY' s Interest Coverage Range Over the Past 10 Years
Min: 1.94 Med: 26.53 Max: 40.7
Current: 40.7

MSADY's Interest Coverage is ranked better than
67.9% of 324 companies
in the Insurance industry
Industry Median: 13.355 vs MSADY: 40.70

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

MS&AD Insurance Group Holdings Interest Coverage Historical Data

The historical data trend for MS&AD Insurance Group Holdings'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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MS&AD Insurance Group Holdings Interest Coverage Chart

MS&AD Insurance Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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26.53

1.94

14.82

24.90

23.68

MS&AD Insurance Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															74.41	16.32	62.60	-	95.41

Competitive Comparison of MS&AD Insurance Group Holdings's Interest Coverage

For the Insurance - Property & Casualty subindustry, MS&AD Insurance Group Holdings'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.

MS&AD Insurance Group Holdings's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, MS&AD Insurance Group Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where MS&AD Insurance Group Holdings's Interest Coverage falls into.

MS&AD Insurance Group Holdings 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.

MS&AD Insurance Group Holdings's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, MS&AD Insurance Group Holdings's Interest Expense was $-78 Mil. Its EBIT was $1,839 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,347 Mil.

Interest Coverage	=	-1	*	EBIT (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	1839.227	/	-77.68
	=	23.68

MS&AD Insurance Group Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, MS&AD Insurance Group Holdings's Interest Expense was $-19 Mil. Its EBIT was $1,795 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,968 Mil.

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1795.085	/	-18.815
	=	95.41

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

MS&AD Insurance Group Holdings (OTCPK:MSADY) 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 .

MS&AD Insurance Group Holdings Interest Coverage Related Terms

Thank you for viewing the detailed overview of MS&AD Insurance Group Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

MS&AD Insurance Group Holdings (MS&AD Insurance Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MS&AD Insurance Group Holdings Inc (OTCPK:MSADY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

MSADF:USA 8725:Japan

Address

Yaesu First Financial Building, Yaesu 1-3-7, Chuo-ku, Tokyo, JPN, 103-0028

Website

http://www.ms-ad-hd.com

MS&AD is Japan's second-biggest nonlife insurer, trailing industry leader Tokio Marine in the scale of global operations although not in Japan. Like Tokio Marine and Sompo, MS&AD has grown into a second-tier presence in the domestic life insurance market since life and non-life insurance were mutually deregulated in 1996. Overseas, it is less focused on the U.S. market than its two Japanese rivals and more focused on emerging Asia, but its acquisition of Lloyd's syndicate Amlin in 2017 has increased its exposure to the European and North American markets. MS&AD has historical business connections with the Mitsui and Sumitomo groups (the 'MS' in the company name) and has a long-term partnership with Toyota Motor that is advantageous in acquiring auto insurance customers.