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Union Assurance (COL:UAL.N0000) Interest Coverage : N/A (As of Mar. 2025)


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What is Union Assurance 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. Union Assurance's EBIT for the three months ended in Mar. 2025 was රු0 Mil. Union Assurance's Interest Expense for the three months ended in Mar. 2025 was රු0 Mil. GuruFocus does not calculate 's interest coverage with the available data. 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. Union Assurance PLC has enough cash to cover all of its debt. Its financial situation is stable.

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


COL:UAL.N0000's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 14.31
* 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.


Union Assurance Interest Coverage Historical Data

The historical data trend for Union Assurance'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.

Union Assurance Interest Coverage Chart

Union Assurance Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.88 90.95 110.98 135.86 98.44

Union Assurance Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 N/A N/A N/A N/A N/A

Competitive Comparison of Union Assurance's Interest Coverage

For the Insurance - Diversified subindustry, Union Assurance'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.


Union Assurance's Interest Coverage Distribution in the Insurance Industry

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

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


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Union Assurance 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.

Union Assurance's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Union Assurance's Interest Expense was රු-54 Mil. Its EBIT was රු5,282 Mil. And its Long-Term Debt & Capital Lease Obligation was රු607 Mil.

Interest Coverage=-1* EBIT (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*5281.844/-53.658
=98.44

Union Assurance's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Union Assurance's Interest Expense was රු0 Mil. Its EBIT was රු0 Mil. And its Long-Term Debt & Capital Lease Obligation was රු572 Mil.

GuruFocus does not calculate Union Assurance's interest coverage with the available data.

* 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.


Union Assurance  (COL:UAL.N0000) 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 .


Union Assurance Interest Coverage Related Terms

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


Union Assurance Business Description

Traded in Other Exchanges
N/A
Address
No. 20, St. Michael's Road, Union Assurance Centre, Colombo, LKA, 03
Union Assurance PLC is engaged in the Life insurance business. It provides Life insurance solutions for both Individuals and corporate customers. The company's operating segment includes the Policyholder Fund and Shareholder Fund. It generates maximum revenue from the Policyholder Fund segment. UA maintains five separate policy holder funds according to the following product types: Participating, Non-participating, Universal life, Unit linked and Non-unit linked.

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