Interlife General Insurance (ATH:INLIF) Interest Coverage : 251.33 (As of Jun. 2024)

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What is Interlife General Insurance 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. Interlife General Insurance's EBIT for the six months ended in Jun. 2024 was €2.3 Mil. Interlife General Insurance's Interest Expense for the six months ended in Jun. 2024 was €-0.0 Mil. Interlife General Insurance's interest coverage for the quarter that ended in Jun. 2024 was 251.33. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Interlife General Insurance SA has enough cash to cover all of its debt. Its financial situation is stable.

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

ATH:INLIF' s Interest Coverage Range Over the Past 10 Years
Min: 5.36 Med: 1081.94 Max: 2525.2
Current: 354.65

ATH:INLIF's Interest Coverage is ranked better than
83.98% of 337 companies
in the Insurance industry
Industry Median: 13.91 vs ATH:INLIF: 354.65

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

Interlife General Insurance Interest Coverage Historical Data

The historical data trend for Interlife General Insurance'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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Interlife General Insurance Interest Coverage Chart

Interlife General Insurance Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2,525.20

2,459.88

143.70

1,081.94

Interlife General Insurance Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Coverage	Get a 7-Day Free Trial					-	556.72	1,692.88	470.88	251.33

Competitive Comparison of Interlife General Insurance's Interest Coverage

For the Insurance - Diversified subindustry, Interlife General Insurance'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.

Interlife General Insurance's Interest Coverage Distribution in the Insurance Industry

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

* The bar in red indicates where Interlife General Insurance's Interest Coverage falls into.

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Interlife General Insurance 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.

Interlife General Insurance'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, Interlife General Insurance's Interest Expense was €-0.0 Mil. Its EBIT was €17.3 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.0 Mil.

Interest Coverage	=	-1	*	EBIT (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	17.311	/	-0.016
	=	1,081.94

Interlife General Insurance's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Interlife General Insurance's Interest Expense was €-0.0 Mil. Its EBIT was €2.3 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.0 Mil.

Interest Coverage	=	-1	*	EBIT (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	2.262	/	-0.009
	=	251.33

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

Interlife General Insurance (ATH:INLIF) 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 .

Interlife General Insurance Interest Coverage Related Terms

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

Interlife General Insurance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Interlife General Insurance SA (ATH:INLIF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

14th Km. NR Thessaloniki - Polygyrou, Thessaloniki, GRC, 57001

Website

http://www.interlife.gr

Interlife General Insurance SA is a company operating in the insurance sector. It offers a complete range of insurance products and services including car insurance, ship insurance, property insurance, group insurance of persons, legal protection insurance, technical insurance, liability insurance, and transport insurance. The company also offers services for insurance companies including losses from green cards, reimbursement of damages, vehicle damage, transportation, boat, and damage management and settlement.

Interlife General Insurance Headlines

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