Dubai National Insurance & Reinsurance PSC (DFM:DNIR) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Dubai National Insurance & Reinsurance PSC 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. Dubai National Insurance & Reinsurance PSC's EBIT for the three months ended in Dec. 2023 was د.إ0.0 Mil. Dubai National Insurance & Reinsurance PSC's Interest Expense for the three months ended in Dec. 2023 was د.إ-1.0 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 Dubai National Insurance & Reinsurance PSC's Interest Coverage or its related term are showing as below:

DFM:DNIR's Interest Coverage is not ranked ^*
in the Insurance industry.
Industry Median: 14.62
* 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.

Dubai National Insurance & Reinsurance PSC Interest Coverage Historical Data

The historical data trend for Dubai National Insurance & Reinsurance PSC'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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Dubai National Insurance & Reinsurance PSC Interest Coverage Chart

Dubai National Insurance & Reinsurance PSC Annual Data

Trend

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Dec23

Interest Coverage

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Dubai National Insurance & Reinsurance PSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Competitive Comparison of Dubai National Insurance & Reinsurance PSC's Interest Coverage

For the Insurance - Diversified subindustry, Dubai National Insurance & Reinsurance PSC'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.

Dubai National Insurance & Reinsurance PSC's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Dubai National Insurance & Reinsurance PSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Dubai National Insurance & Reinsurance PSC's Interest Coverage falls into.

Dubai National Insurance & Reinsurance PSC 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.

Dubai National Insurance & Reinsurance PSC'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, Dubai National Insurance & Reinsurance PSC's Interest Expense was د.إ-27.2 Mil. Its EBIT was د.إ0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was د.إ0.0 Mil.

Dubai National Insurance & Reinsurance PSC's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Dubai National Insurance & Reinsurance PSC's Interest Expense was د.إ-1.0 Mil. Its EBIT was د.إ0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was د.إ0.0 Mil.

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

Dubai National Insurance & Reinsurance PSC (DFM:DNIR) 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 .

Dubai National Insurance & Reinsurance PSC Interest Coverage Related Terms

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

Dubai National Insurance & Reinsurance PSC (DFM:DNIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Dubai National Insurance & Reinsurance PSC (DFM:DNIR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dubai National Insurance Building, P.O. Box 1806, 7th & 9th Floor and Ground Floor, Deira, Port Saeed, Opposite to Deira City Centre, Dubai, ARE

Website

https://www.dni.ae

Dubai National Insurance & Reinsurance PSC is engaged in providing insurance and reinsurance services. The company's insurance services consist of commercial insurance that includes motor fleet insurance, group medical insurance, engineering, general accidents, liability, marine, property, and group life, and personal accident insurance. Its personal insurance includes motor insurance, medical insurance, and travel insurance. Its segments include the Underwriting segment which is divided into general Insurance and life Insurance; and the Investments segment which is divided into Investment Property and Financial Assets. The company generates maximum revenue from the Underwriting segment.

Dubai National Insurance & Reinsurance PSC (DFM:DNIR) Headlines

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