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Zambia Reinsurance (LUS:ZAMBIA RE) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Zambia Reinsurance 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. Zambia Reinsurance's EBIT for the six months ended in . 20 was ZMW0.00 Mil. Zambia Reinsurance's Interest Expense for the six months ended in . 20 was ZMW0.00 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 Zambia Reinsurance's Interest Coverage or its related term are showing as below:


LUS:ZAMBIA RE's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 14.38
* 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.


Zambia Reinsurance Interest Coverage Historical Data

The historical data trend for Zambia Reinsurance'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.

Zambia Reinsurance Interest Coverage Chart

Zambia Reinsurance Annual Data
Trend
Interest Coverage

Zambia Reinsurance Semi-Annual Data
Interest Coverage

Competitive Comparison of Zambia Reinsurance's Interest Coverage

For the Insurance - Reinsurance subindustry, Zambia Reinsurance'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.


Zambia Reinsurance's Interest Coverage Distribution in the Insurance Industry

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

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



Zambia Reinsurance 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.

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

Here, for the fiscal year that ended in . 20, Zambia Reinsurance's Interest Expense was ZMW0.00 Mil. Its EBIT was ZMW0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ZMW0.00 Mil.

Zambia Reinsurance had no debt (1).

Zambia Reinsurance's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, Zambia Reinsurance's Interest Expense was ZMW0.00 Mil. Its EBIT was ZMW0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ZMW0.00 Mil.

Zambia Reinsurance 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.


Zambia Reinsurance  (LUS:ZAMBIA RE) 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 .


Zambia Reinsurance Interest Coverage Related Terms

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Zambia Reinsurance (LUS:ZAMBIA RE) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Plot 7, Namambozi Road, Fairview, P/B E891, Postnet Box 658, Lusaka, ZMB
Zambia Reinsurance PLC, formerly Prima Reinsurance PLC is a reinsurance company. It is mainly engaged in underwriting all classes of marine and non-marine reinsurance business namely fire, motor, miscellaneous accident, engineering, aviation, and agriculture. The company is also licensed to reinsure life assurance products.

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