ALIZY (Allianz SE) Interest Coverage : 19.34 (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Allianz SE 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. Allianz SE's EBIT for the three months ended in Sep. 2024 was $4,121 Mil. Allianz SE's Interest Expense for the three months ended in Sep. 2024 was $-213 Mil. Allianz SE's interest coverage for the quarter that ended in Sep. 2024 was 19.34. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Allianz SE's Interest Coverage or its related term are showing as below:

ALIZY' s Interest Coverage Range Over the Past 10 Years
Min: 7.71 Med: 9.63 Max: 19.7
Current: 19.7

ALIZY's Interest Coverage is ranked better than
58.51% of 323 companies
in the Insurance industry
Industry Median: 13.66 vs ALIZY: 19.70

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

Allianz SE Interest Coverage Historical Data

The historical data trend for Allianz SE'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.

* Premium members only.

Allianz SE Interest Coverage Chart

Allianz SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

10.99

10.61

9.21

7.71

Allianz SE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															17.99	No Debt	20.09	N/A	19.34

Competitive Comparison of Allianz SE's Interest Coverage

For the Insurance - Diversified subindustry, Allianz SE'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.

Allianz SE's Interest Coverage Distribution in the Insurance Industry

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

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

Allianz SE 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.

Allianz SE'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, Allianz SE's Interest Expense was $-27,684 Mil. Its EBIT was $0 Mil. And its Long-Term Debt & Capital Lease Obligation was $0 Mil.

Allianz SE's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Allianz SE's Interest Expense was $-213 Mil. Its EBIT was $4,121 Mil. And its Long-Term Debt & Capital Lease Obligation was $0 Mil.

Interest Coverage	=	-1	*	EBIT (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	4120.977	/	-213.097
	=	19.34

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

Allianz SE (OTCPK:ALIZY) 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 .

Allianz SE Interest Coverage Related Terms

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

Allianz SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Allianz SE (OTCPK:ALIZY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ALIZF:USA 1ALV:Italy ALVd:UK 0M6S:UK ALV:Germany ALV:Austria

Address

Koniginstrasse 28, Munich, BY, DEU, 80802

Website

https://www.allianz.com

Allianz was founded as a transport and accident insurance firm in 1890 by Carl von Thieme and Wilhelm von Finck, the founders of Munich Re. It took the company five years to expand the business into Europe and North America and subsequently list in Berlin. After World War I, individuals were confronted with the loss of wealth, life, and security and Allianz founded a life business in the 1920s. In the years after World War II, Allianz's foreign assets were seized and it lost its foreign business. By relocating its head office from Berlin to Munich in 1948, Allianz began the long road of rebuilding its domestic business. It took 20 years for Allianz to reacquire its prior foreign interests, starting in Austria. It became the largest European insurer in the postwar boom era.