Phoenix (Phoenix) Interest Coverage : 0 (At Loss) (As of Mar. 2016)

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What is Phoenix 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. Phoenix's EBIT for the three months ended in Mar. 2016 was $-55 Mil. Phoenix's Interest Expense for the three months ended in Mar. 2016 was $-7 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 Phoenix's Interest Coverage or its related term are showing as below:

PNX's Interest Coverage is not ranked ^*
in the Insurance industry.
Industry Median: 13.81
* Ranked among companies with meaningful Interest Coverage only.

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

Phoenix Interest Coverage Historical Data

The historical data trend for Phoenix'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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Phoenix Interest Coverage Chart

Phoenix Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Interest Coverage

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2.01

1.58

Phoenix Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Interest Coverage	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Phoenix's Interest Coverage

For the Insurance - Life subindustry, Phoenix'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.

Phoenix's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Phoenix's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Phoenix's Interest Coverage falls into.

Phoenix 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.

Phoenix's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, Phoenix's Interest Expense was $-28 Mil. Its EBIT was $-131 Mil. And its Long-Term Debt & Capital Lease Obligation was $379 Mil.

Phoenix did not have earnings to cover the interest expense.

Phoenix's Interest Coverage for the quarter that ended in Mar. 2016 is calculated as

Here, for the three months ended in Mar. 2016, Phoenix's Interest Expense was $-7 Mil. Its EBIT was $-55 Mil. And its Long-Term Debt & Capital Lease Obligation was $372 Mil.

Phoenix did not have earnings to cover the interest expense.

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

Phoenix (NYSE:PNX) 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 .

Phoenix Interest Coverage Related Terms

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

Phoenix (Phoenix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Phoenix Companies Inc (NYSE:PNX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://www.phoenixwm.phl.com

Phoenix Companies Inc is a Delaware corporation incorporated in 2000. It is a holding company. Its operating subsidiaries provide life insurance and annuity products through independent agents and financial advisors. Its main insurance company subsidiaries are Phoenix Life Insurance Company, domiciled in New York, and PHL Variable Insurance Company, domiciled in Connecticut. Its life insurance in force is permanent life insurance insuring one or more lives. Its annuity products include fixed and variable annuities with a variety of death benefit and guaranteed living benefit options. It operates two businesses segments: Life and Annuity and Saybrus Partners, Inc. The Life and Annuity segment includes individual life insurance and annuity products, including its closed block. Saybrus Partners, Inc provides dedicated life insurance and other consulting services to financial advisors in partner companies, as well as support for sales of Phoenix's product line through independent distribution organizations. Its products compete with similar products sold by other insurance companies and also with savings and investment products offered by banks, asset managers, and broker-dealers. Phoenix Life and PHLVIC are subject to regulation and supervision in each jurisdiction where it conducts business.

Executives

Arthur F Weinbach	director	1981 MARCUS AVENUE, LAKE SUCCESS NY 11042
John H Forsgren	director	DUKE ENERGY CORPORATION, 550 SOUTH TRYON STREET - DEC45A, CHARLOTTE NC 28202
Ann Maynard Gray	director
Westley V Thompson	director	THE PHOENIX COMPANIES, INC., ONE AMERICAN ROW, HARTFORD CT 06102
Sanford Jr Cloud	director	3820 STATE STREET, SANTA BARBARA CA 93105
James D Wehr	director, officer: President & CEO	3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Andrew J Mcmahon	director	C/O ALLIANCEBERNSTEIN L.P., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Augustus K Oliver	director	C/O CORPORATE SECRETARY SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012
Gordon J Davis	director	THE PHOENIX COMPANIES, INC., ONE AMERICAN ROW, HARTFORD CT 06102-5056
Thomas S Johnson	director	ALLEGHANY CORPORATION, 375 PARK AVENUE, SUITE 3201, NEW YORK NY 10152
Douglas C Miller	officer: Senior Vice President and Chie	ONE AMERICAN ROW, P.O. BOX 5056, HARTFORD CT 06052
Jean S Blackwell	director
Peter C Browning	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Jerry J Jasinowski	director	C/O HARSCO CORP, P O BOX 8888, CAMP HILL PA 17001-8888
Dona D Young	director, officer: Chairman, President & CEO	C/O FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120