Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Financial Strength : 5 (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Abu Dhabi National Insurance Co PJSC Financial Strength?

Abu Dhabi National Insurance Co PJSC has the Financial Strength Rank of 5.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Abu Dhabi National Insurance Co PJSC did not have earnings to cover the interest expense. Abu Dhabi National Insurance Co PJSC's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.02. Altman Z-Score does not apply to banks and insurance companies.

Abu Dhabi National Insurance Co PJSC Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

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

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:

Abu Dhabi National Insurance Co PJSC's Interest Expense for the months ended in Mar. 2024 was د.إ-48 Mil. Its Operating Income for the months ended in Mar. 2024 was د.إ0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ0 Mil.

Abu Dhabi National Insurance Co PJSC's Interest Coverage for the quarter that ended in Mar. 2024 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Abu Dhabi National Insurance Co PJSC's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Mar. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(50	+	0)	/	2791.384
	=	0.02

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.

Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Abu Dhabi National Insurance Co PJSC has the Financial Strength Rank of 5.

Abu Dhabi National Insurance Co PJSC Financial Strength Related Terms

Thank you for viewing the detailed overview of Abu Dhabi National Insurance Co PJSC's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.

Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalifa Street, P.O. Box 839, ADNIC Building No. 403, Abu Dhabi, ARE

Website

https://www.adnic.ae

Abu Dhabi National Insurance Co PJSC is an insurance company providing insurance services to individuals and corporates. It provides life and non-life insurance and a range of customizable and scalable insurance products and services. The company operates its business in two segments: The Underwriting of commercial lines of business incorporates all classes of general insurance including marine cargo, marine hull, aviation, energy, property, and engineering; and The Underwriting of a consumer line of business incorporates all classes of insurance including accident, motor, life, and medical. The company generates the maximum of its premiums from the commercial segment.