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Bao minh Insurance (STC:BMI) Interest Coverage : 4.19 (As of Dec. 2024)


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What is Bao minh Insurance 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. Bao minh Insurance's EBIT for the three months ended in Dec. 2024 was ₫70,669 Mil. Bao minh Insurance's Interest Expense for the three months ended in Dec. 2024 was ₫-16,847 Mil. Bao minh Insurance's interest coverage for the quarter that ended in Dec. 2024 was 4.19. 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 Bao minh Insurance's Interest Coverage or its related term are showing as below:

STC:BMI' s Interest Coverage Range Over the Past 10 Years
Min: 2.46   Med: No Debt   Max: No Debt
Current: 3.48


STC:BMI's Interest Coverage is ranked worse than
85.8% of 331 companies
in the Insurance industry
Industry Median: 15.4 vs STC:BMI: 3.48

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


Bao minh Insurance Interest Coverage Historical Data

The historical data trend for Bao minh Insurance'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.

Bao minh Insurance Interest Coverage Chart

Bao minh Insurance Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Bao minh Insurance Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 4.43 4.21 5.46 1.86 4.19

Competitive Comparison of Bao minh Insurance's Interest Coverage

For the Insurance - Property & Casualty subindustry, Bao minh Insurance'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.


Bao minh Insurance's Interest Coverage Distribution in the Insurance Industry

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

* The bar in red indicates where Bao minh Insurance's Interest Coverage falls into.


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Bao minh Insurance 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.

Bao minh Insurance's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Bao minh Insurance's Interest Expense was ₫0 Mil. Its EBIT was ₫0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫0 Mil.

Bao minh Insurance had no debt (1).

Bao minh Insurance's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Bao minh Insurance's Interest Expense was ₫-16,847 Mil. Its EBIT was ₫70,669 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫0 Mil.

Interest Coverage=-1* EBIT (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*70668.851/-16846.506
=4.19

* 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.


Bao minh Insurance  (STC:BMI) 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 .


Bao minh Insurance Interest Coverage Related Terms

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


Bao minh Insurance Business Description

Traded in Other Exchanges
N/A
Address
26 Ton That Dam Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, VNM
Bao minh Insurance Corp operates in the insurance sector. It offers insurance products and services including non-life insurance, non-life reinsurance, and financial investments services. Its products include health and accident insurance, motor vehicle insurance, property and engineering insurance, marine insurance and agricultural insurance among others.