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Co-operators General Insurance Co (TSX:CCS.PR.C.PFD) Financial Strength : 0 (As of Mar. 2024)


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What is Co-operators General Insurance Co Financial Strength?

Co-operators General Insurance Co has the Financial Strength Rank of 0.

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.

GuruFocus does not calculate Co-operators General Insurance Co's interest coverage with the available data. Co-operators General Insurance Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.01. Altman Z-Score does not apply to banks and insurance companies.


Co-operators General Insurance Co 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:

Co-operators General Insurance Co's Interest Expense for the months ended in Mar. 2024 was C$0.00 Mil. Its Operating Income for the months ended in Mar. 2024 was C$0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$33.24 Mil.

Co-operators General Insurance Co's Interest Coverage for the quarter that ended in Mar. 2024 is

GuruFocus does not calculate Co-operators General Insurance Co's interest coverage with the available data.

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

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

Co-operators General Insurance Co'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
=(0 + 33.235) / 4080.24
=0.01

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.


Co-operators General Insurance Co  (TSX:CCS.PR.C.PFD) 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.

Co-operators General Insurance Co has the Financial Strength Rank of 0.


Co-operators General Insurance Co Financial Strength Related Terms

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Co-operators General Insurance Co (TSX:CCS.PR.C.PFD) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
130 Macdonell Street, Guelph, ON, CAN, N1H 6P8
Co-operators General Insurance Co is a Canada based insurance company involved in the Property and casualty insurance operations. It provides diversified, integrated, multi-line insurance, and financial services. The product line of the company consists of insurance such as Home, Auto, Life, Business, Farm, and Travel. The company earns maximum revenue from the premium, and operates only in Canada.