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Rosgosstrakh Insurance Co PJSC (MIC:RGSS) Interest Coverage : 55.46 (As of Jun. 2023)


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What is Rosgosstrakh Insurance Co PJSC 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. Rosgosstrakh Insurance Co PJSC's EBIT for the six months ended in Jun. 2023 was ₽4,057 Mil. Rosgosstrakh Insurance Co PJSC's Interest Expense for the six months ended in Jun. 2023 was ₽-73 Mil. Rosgosstrakh Insurance Co PJSC's interest coverage for the quarter that ended in Jun. 2023 was 55.46. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Rosgosstrakh Insurance Co PJSC's Interest Coverage or its related term are showing as below:

MIC:RGSS' s Interest Coverage Range Over the Past 10 Years
Min: 0.68   Med: 27.31   Max: 82.72
Current: 50.05


MIC:RGSS's Interest Coverage is ranked better than
70.03% of 327 companies
in the Insurance industry
Industry Median: 14.57 vs MIC:RGSS: 50.05

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Rosgosstrakh Insurance Co PJSC Interest Coverage Historical Data

The historical data trend for Rosgosstrakh Insurance Co PJSC'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.

Rosgosstrakh Insurance Co PJSC Interest Coverage Chart

Rosgosstrakh Insurance Co PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 82.72 50.13 27.31 40.38

Rosgosstrakh Insurance Co PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 36.91 17.18 28.36 46.57 55.46

Competitive Comparison of Rosgosstrakh Insurance Co PJSC's Interest Coverage

For the Insurance - Diversified subindustry, Rosgosstrakh Insurance Co PJSC'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.


Rosgosstrakh Insurance Co PJSC's Interest Coverage Distribution in the Insurance Industry

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

* The bar in red indicates where Rosgosstrakh Insurance Co PJSC's Interest Coverage falls into.



Rosgosstrakh Insurance Co PJSC 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.

Rosgosstrakh Insurance Co PJSC's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Rosgosstrakh Insurance Co PJSC's Interest Expense was ₽-173 Mil. Its EBIT was ₽6,966 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽1,765 Mil.

Interest Coverage=-1* EBIT (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*6966.492/-172.54
=40.38

Rosgosstrakh Insurance Co PJSC's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Rosgosstrakh Insurance Co PJSC's Interest Expense was ₽-73 Mil. Its EBIT was ₽4,057 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽1,566 Mil.

Interest Coverage=-1* EBIT (Q: Jun. 2023 )/Interest Expense (Q: Jun. 2023 )
=-1*4057.182/-73.154
=55.46

* 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.


Rosgosstrakh Insurance Co PJSC  (MIC:RGSS) 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 .


Rosgosstrakh Insurance Co PJSC Interest Coverage Related Terms

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


Rosgosstrakh Insurance Co PJSC (MIC:RGSS) Business Description

Traded in Other Exchanges
N/A
Address
Street Kievskaya, d. 7, GSP-1, Moscow, RUS, 119991
Rosgosstrakh Insurance Co PJSC is a Russia based insurance company. It offers insurance products and services to individuals and companies. The company insures Transport, trip, property, health, life, investments, Agriculture and space industry. The group has more than 90 years of work experience in the insurance market; approximately 300 centers of settlement of losses without queues and stress and more than 3000 company offices across the country.

Rosgosstrakh Insurance Co PJSC (MIC:RGSS) Headlines

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