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General Accident (LSE:GACB.PFD) Interest Coverage : 0 (At Loss) (As of . 20)


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What is General Accident 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. General Accident's EBIT for the three months ended in . 20 was £0.00 Mil. General Accident's Interest Expense for the three 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 General Accident's Interest Coverage or its related term are showing as below:


LSE:GACB.PFD's Interest Coverage is not ranked *
in the Credit Services industry.
Industry Median: 77.285
* 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.


General Accident Interest Coverage Historical Data

The historical data trend for General Accident'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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General Accident Interest Coverage Chart

General Accident Annual Data
Trend
Interest Coverage

General Accident Quarterly Data
Interest Coverage

Competitive Comparison of General Accident's Interest Coverage

For the Credit Services subindustry, General Accident'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.


General Accident's Interest Coverage Distribution in the Credit Services Industry

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

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



General Accident 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.

General Accident's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, General Accident's Interest Expense was £0.00 Mil. Its EBIT was £0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

General Accident had no debt (1).

General Accident's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the three months ended in . 20, General Accident's Interest Expense was £0.00 Mil. Its EBIT was £0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

General Accident had no debt (1).

* 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.


General Accident  (LSE:GACB.PFD) 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 .


General Accident Interest Coverage Related Terms

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General Accident Business Description

Traded in Other Exchanges
N/A
Address
Pitheavlis, Perth, GBR, PH2 0NH
General Accident PLC provides life, accident, health, property, and motor insurance services. Its principal activity is the provision of loans to its parent company. The company offers a wide range of insurance and savings products that include car, home, and health insurance, to pensions, investments and asset management.

General Accident Headlines

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