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Amlin (APLCF) Interest Coverage : 12.94 (As of Jun. 2015)


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What is Amlin 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. Amlin's EBIT for the six months ended in Jun. 2015 was $242 Mil. Amlin's Interest Expense for the six months ended in Jun. 2015 was $-19 Mil. Amlin's interest coverage for the quarter that ended in Jun. 2015 was 12.94. The higher the ratio, the stronger the company's financial strength is.

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


APLCF's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 14.475
* 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.


Amlin Interest Coverage Historical Data

The historical data trend for Amlin'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.

Amlin Interest Coverage Chart

Amlin Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.94 - 13.01 17.70 14.34

Amlin Semi-Annual Data
Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.98 35.23 11.92 20.00 12.94

Competitive Comparison of Amlin's Interest Coverage

For the Insurance - Property & Casualty subindustry, Amlin'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.


Amlin's Interest Coverage Distribution in the Insurance Industry

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

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



Amlin 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.

Amlin's Interest Coverage for the fiscal year that ended in Dec. 2014 is calculated as

Here, for the fiscal year that ended in Dec. 2014, Amlin's Interest Expense was $-30 Mil. Its EBIT was $435 Mil. And its Long-Term Debt & Capital Lease Obligation was $1 Mil.

Interest Coverage=-1* EBIT (A: Dec. 2014 )/Interest Expense (A: Dec. 2014 )
=-1*435.211/-30.36
=14.34

Amlin's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

Here, for the six months ended in Jun. 2015, Amlin's Interest Expense was $-19 Mil. Its EBIT was $242 Mil. And its Long-Term Debt & Capital Lease Obligation was $106 Mil.

Interest Coverage=-1* EBIT (Q: Jun. 2015 )/Interest Expense (Q: Jun. 2015 )
=-1*241.9/-18.692
=12.94

* 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.

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


Amlin  (OTCPK:APLCF) 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 .


Amlin Interest Coverage Related Terms

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


Amlin (APLCF) Business Description

Traded in Other Exchanges
N/A
Address
Amlin PLC was incorporated on September 17, 1993. The Company is engaged in non-life insurance and reinsurance underwriting in the Lloyd's market, Bermuda and Continental Europe. It specialises in providing insurance cover to commercial enterprises and reinsurance protection to other insurance companies around the world. The group operates six segments through: Amlin London, consisting of the Reinsurance, Property & Casualty, Marine and Aviation business units, underwritten via Syndicate 2001; Amlin UK, underwriting commercial insurance in the UK domestic market, via Syndicate 2001 and Amlin Insurance (UK) Limited; Amlin Bermuda, which writes predominantly property reinsurance business, via Amlin AG, including reinsurance ceded by Syndicate 2001; Amlin Re Europe, which writes Continental European non-life reinsurance business, via Amlin AG; Amlin Europe, including Amlin Europe N.V., a provider of marine, corporate property and casualty insurance in the Netherlands and Belgium and specialty business in France; and Other corporate companies, comprising all other entities of the Group including holding companies.

Amlin (APLCF) Headlines

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