Argo Group International Holdings (Argo Group International Holdings) Interest Coverage : 0 (At Loss) (As of Sep. 2023)

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What is Argo Group International Holdings 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. Argo Group International Holdings's EBIT for the three months ended in Sep. 2023 was $-20.60 Mil. Argo Group International Holdings's Interest Expense for the three months ended in Sep. 2023 was $-8.70 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 Argo Group International Holdings's Interest Coverage or its related term are showing as below:

ARGOpA.PFD's Interest Coverage is not ranked ^*
in the Insurance industry.
Industry Median: 14.57
* 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.

Argo Group International Holdings Interest Coverage Historical Data

The historical data trend for Argo Group International Holdings'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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Argo Group International Holdings Interest Coverage Chart

Argo Group International Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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2.91

1.00

1.25

Argo Group International Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															-	-	-	0.56	-

Competitive Comparison of Argo Group International Holdings's Interest Coverage

For the Insurance - Property & Casualty subindustry, Argo Group International Holdings'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.

Argo Group International Holdings's Interest Coverage Distribution in the Insurance Industry

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

* The bar in red indicates where Argo Group International Holdings's Interest Coverage falls into.

Argo Group International Holdings 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.

Argo Group International Holdings's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Argo Group International Holdings's Interest Expense was $-26.80 Mil. Its EBIT was $-156.40 Mil. And its Long-Term Debt & Capital Lease Obligation was $465.50 Mil.

Argo Group International Holdings did not have earnings to cover the interest expense.

Argo Group International Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Argo Group International Holdings's Interest Expense was $-8.70 Mil. Its EBIT was $-20.60 Mil. And its Long-Term Debt & Capital Lease Obligation was $458.80 Mil.

Argo Group International Holdings did not have earnings to cover the interest expense.

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

Argo Group International Holdings (NYSE:ARGOpA.PFD) 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 .

Argo Group International Holdings Interest Coverage Related Terms

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Argo Group International Holdings (Argo Group International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Argo Group International Holdings Inc (NYSE:ARGOpA.PFD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 7th Avenue, 7th Floor, New York, NY, USA, 10018

Website

https://www.argolimited.com

Argo Group International Holdings Inc formerly Argo Group International Holdings Ltd is a property and casualty insurance company. It has two reportable segments which are U.S. Operations and International Operations. The U.S. Operations segment is comprised of two primary operating divisions, Excess and Surplus Lines and Specialty Admitted, while International Operations' primary operating divisions are Syndicate 1200, Reinsurance, and Argo Insurance Bermuda. The vast majority of revenue generation occurs within the excess and surplus lines segment, which underwrites casualty, property, and professional liability coverage for various clients. Argo generates the majority of its revenue in the United States, followed by the United Kingdom and Bermuda.