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STC (Stewart Information Services) Interest Coverage : 9.73 (As of Sep. 2024)


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What is Stewart Information Services 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. Stewart Information Services's EBIT for the three months ended in Sep. 2024 was $48 Mil. Stewart Information Services's Interest Expense for the three months ended in Sep. 2024 was $-5 Mil. Stewart Information Services's interest coverage for the quarter that ended in Sep. 2024 was 9.73. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Stewart Information Services's Interest Coverage or its related term are showing as below:

STC' s Interest Coverage Range Over the Past 10 Years
Min: 4.08   Med: 21.22   Max: 87.26
Current: 5.95


STC's Interest Coverage is ranked worse than
72.53% of 324 companies
in the Insurance industry
Industry Median: 13.6 vs STC: 5.95

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


Stewart Information Services Interest Coverage Historical Data

The historical data trend for Stewart Information Services'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.

Stewart Information Services Interest Coverage Chart

Stewart Information Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.94 84.27 87.26 13.64 4.08

Stewart Information Services Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 6.35 4.79 2.41 7.03 9.73

Competitive Comparison of Stewart Information Services's Interest Coverage

For the Insurance - Property & Casualty subindustry, Stewart Information Services'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.


Stewart Information Services's Interest Coverage Distribution in the Insurance Industry

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

* The bar in red indicates where Stewart Information Services's Interest Coverage falls into.



Stewart Information Services 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.

Stewart Information Services'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, Stewart Information Services's Interest Expense was $-20 Mil. Its EBIT was $81 Mil. And its Long-Term Debt & Capital Lease Obligation was $581 Mil.

Interest Coverage=-1* EBIT (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*80.598/-19.737
=4.08

Stewart Information Services's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Stewart Information Services's Interest Expense was $-5 Mil. Its EBIT was $48 Mil. And its Long-Term Debt & Capital Lease Obligation was $568 Mil.

Interest Coverage=-1* EBIT (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*47.691/-4.899
=9.73

* 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.


Stewart Information Services  (NYSE:STC) 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 .


Stewart Information Services Interest Coverage Related Terms

Thank you for viewing the detailed overview of Stewart Information Services's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Stewart Information Services Business Description

Traded in Other Exchanges
Address
1360 Post Oak Boulevard, Suite 100, Houston, TX, USA, 77056
Stewart Information Services Corp is a customer-focused, title insurance and real estate services company offering products and services to home buyers and sellers, mortgage lenders and servicers, attorneys, and home builders. It has three operating segments; Title insurance and related services which generates key revenue, includes the functions of searching, examining, closing, and insuring the condition of the title to real property. It also includes home and personal insurance services, Real estate solutions segment supports the real estate mortgage industry by providing appraisal management services, online notarization and closing solutions, credit, and real estate information services, search and valuation services. Corporate and other segment is comprised of parent holding company.
Executives
Matthew Morris director, officer: Chief Executive Officer 1905 SHARP PL, HOUSTON TX 77019
Steven Mark Lessack officer: Group President 1980 POST OAK BLVD., #800, HOUSTON TX 77056
David C Hisey officer: CFO 8950 CYPRESS WATERS BOULEVARD, COPPELL TX 75019
Helen Vaid director 600 WEST CHICAGO AVE., STE 400, CHICAGO IL 60654
Frederick H Eppinger director THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN ST, WORCESTER MA 01653
Bradley C Allen Jr director AMERISAFE INC, 2301 HIGHWAY 190 WEST, DERIDDER LA 70634
Elizabeth Giddens officer: Chief Legal Officer; Secretary 10000 WEHRLE DRIVE, CLARENCE NY 14031
Hamm John Earl Jr. officer: EVP, Chief Information Officer 1360 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Corey William S. Jr. director C/O STEWART INFORMATION SERVICES CORP., 1360 POST OAK BLVD., SUITE 100 MC-14-1, HOUSTON TX 77056
Deborah Jane Matz director C/O STEWART INFORMATION SERVICES CORP., 1360 POST OAK BLVD., SUITE 100 MC-14-1, HOUSTON TX 77056
Emily Kain officer: Chief Human Resource Officer C/O STEWART INFORMATION SERVICES CORP., 1360 POST OAK BLVD., SUITE 100, MC-14-1, HOUSTON TX 77056
Glenn C Christenson director 2411 W SAHARA AVENUE, LAS VEGAS NV 89102
James M Chadwick director C/O IMPERIAL HOLDINGS, INC., 701 PARK OF COMMERCE BLVD., #301, BOCA RATON FL 33487
Tara Smith officer: Group President STEWART INFORMATION SERVICES CORP., 1980 POST OAK BLVD., SUITE 710, HOUSTON TX 77056
Clifford Press director 152 WEST 57TH STREET, NEW YORK NY 10019