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Forge GroupFIGP -9.09%18 Interest Coverage is 0 (At Loss) as of . 20. GuruFocus rates FIGP with a GF Score™ of 18/100. Among 350 Insurance companies, Forge Group ranks worse than 285714% on this metric.
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. Forge Group's
EBIT
for the
six
months ended in . 20 was $0.00 Mil. Forge Group's Interest Expense for the
six
months ended in . 20 was $0.00 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
(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 Forge Group's Interest Coverage or its related term are showing as below:
FIGP's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 16.145 * Ranked among companies with meaningful Interest Coverage only.
Forge Group (OTCPK:FIGP) 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 .
Forge Group Interest Coverage Related Terms
Forge Group Interest Coverage Historical Data
* Premium members only.
The historical data trend for Forge Group'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.
Forge Group Interest Coverage Chart
Forge Group Annual Data
Trend
Interest Coverage
Forge Group Semi-Annual Data
Interest Coverage
FIGP vs PRHI, CB, PGR: Interest Coverage Comparison
For the Insurance - Property & Casualty subindustry, Forge Group'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.
Forge Group Interest Coverage vs Insurance Industry
For the Insurance industry and Financial Services sector, Forge Group's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Forge Group's Interest Coverage falls into.
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:
* 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.
What does a Interest Coverage of 0 (At Loss) mean?
Forge Group (FIGP) has a Interest Coverage of 0 (At Loss) as of . 20. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Forge Group and its competitors. According to the industry distribution chart, Forge Group ranks #999999 out of 350 companies in the Insurance industry.
Is Forge Group's Interest Coverage too high?
Forge Group's current Interest Coverage is 0 (At Loss). Based on the distribution chart, Forge Group ranks #999999 out of 350 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Forge Group has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Forge Group's Interest Coverage compare to PRHI and CB?
According to the Insurance industry distribution chart, Forge Group ranks #999999 out of 350 companies for Interest Coverage. This places Forge Group in the lower half of its industry. The industry median Interest Coverage is 16.15. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Insurance company?
The median Interest Coverage among Insurance companies is 16.15, based on 350 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Forge Group and its competitors. For the Insurance industry, the median Interest Coverage is 16.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forge Group's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forge Group stock overvalued right now?
Forge Group (FIGP) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). Forge Group's overall GF Score™ is 18/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Forge Group (FIGP), the current Interest Coverage is 0 (At Loss) as of . 20. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Forge Group Inc operates as a specialist commercial automobile insurance business. It provides commercial automobile insurance products targeted to owners and operators of taxi cabs, passenger sedans, and other light transportation vehicles, including golf carts and school vans. It manages business through two segments: insurance and commercial real estate investments. Geographically, operations of the company are concentrated in USA regions.
18GF Score
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