CIA (Citizens) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Citizens 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. Citizens's EBIT for the three months ended in Sep. 2024 was $0.0 Mil. Citizens's Interest Expense for the three months ended in Sep. 2024 was $0.0 Mil. Citizens has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Citizens Inc has no debt.

(1) 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.

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

CIA' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

CIA's Interest Coverage is ranked better than
99.38% of 323 companies
in the Insurance industry
Industry Median: 13.66 vs CIA: No Debt

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

Citizens Interest Coverage Historical Data

The historical data trend for Citizens'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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Citizens Interest Coverage Chart

Citizens Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

Citizens 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Citizens's Interest Coverage

For the Insurance - Life subindustry, Citizens'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.

Citizens's Interest Coverage Distribution in the Insurance Industry

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

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

Citizens 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.

Citizens'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, Citizens's Interest Expense was $0.0 Mil. Its EBIT was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Citizens had no debt ⁽¹⁾.

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

Here, for the three months ended in Sep. 2024, Citizens's Interest Expense was $0.0 Mil. Its EBIT was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Citizens had no debt ⁽¹⁾.

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

Citizens (NYSE:CIA) 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 .

Citizens Interest Coverage Related Terms

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

Citizens Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Citizens Inc (NYSE:CIA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

11815 Alterra Parkway, Suite 1500, Austin, TX, USA, 78758

Website

https://www.citizensinc.com

Citizens Inc is an insurance holding company serving the life insurance needs of individuals in the United States. The company provides insurance benefits to residents in thirty two U.S. states and more than seventy countries through its insurance subsidiaries. the Company derives its revenues principally from life insurance premiums earned for insurance coverages provided to insureds in our two operating segments and net investment income. The company operates in two business segments namely the Life Insurance segment and the Home Service Insurance segment. The company majority generates revenues from Life Insurance segment.

Executives

Terry Sam Maness	director	2900 ESPERANZA CROSSING, 2ND FL, AUSTIN TX 78758
James Keith Morgan	director	PO BOX 149151, AUSTIN TX 78714
Gerald W Shields	director, officer: President & CEO	11815 ALTERRA PARKWAY, SUITE 1500, AUSTIN TX 78758
Christopher W Claus	director	TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Jeffery P. Conklin	officer: VP, CFO & Treasurer	2900 ESPERANZA CROSSING, 2ND FL, AUSTIN TX 78758
Harvey J. Waite	officer: VP, Chief Actuary	2900 ESPERANZA CROSSING, 2ND FLOOR, AUSTIN TX 78758
Mary Taylor	director	PO BOX 149151, AUSTIN TX 78714
Cynthia H Davis	director	PO BOX 149151, AUSTIN TX 78714
Davis Jerry Dodd Jr.	director	11815 ALTERRA PARKWAY, SUITE 1500, AUSTIN TX 78758
Errol Dean Gage	director	2900 ESPERANZA CROSSING, 2ND FL, AUSTIN TX 78758
Frank A Keating	director	6100 N WESTERN AVENUE, OKLAHOMA CITY OK 73118
Mauldin Robert M Iii	officer: VP, Chief Marketing Officer	2900 ESPERANZA CROSSING, 2ND FL, AUSTIN TX 78758
Sheryl L Kinlaw	officer: Chief Legal Officer	11815 ALTERRA PKWY, FLOOR 15, AUSTIN TX 78758
Sloan Robert B Jr	director	11815 ALTERRA PKWY, SUITE 1500, AUSTIN TX 78758
Fred L. Quatro	director	2901 PENNY LANE, EULESS TX 76039