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BaoViet Holdings (STC:BVH) Interest Coverage : 3.68 (As of Dec. 2023)


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What is BaoViet Holdings 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. BaoViet Holdings's EBIT for the three months ended in Dec. 2023 was ₫719,819 Mil. BaoViet Holdings's Interest Expense for the three months ended in Dec. 2023 was ₫-195,630 Mil. BaoViet Holdings's interest coverage for the quarter that ended in Dec. 2023 was 3.68. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for BaoViet Holdings's Interest Coverage or its related term are showing as below:

STC:BVH' s Interest Coverage Range Over the Past 10 Years
Min: 2.26   Med: 3.76   Max: 8.47
Current: 2.26


STC:BVH's Interest Coverage is ranked worse than
88.41% of 328 companies
in the Insurance industry
Industry Median: 14.475 vs STC:BVH: 2.26

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


BaoViet Holdings Interest Coverage Historical Data

The historical data trend for BaoViet Holdings'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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BaoViet Holdings Interest Coverage Chart

BaoViet Holdings 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 2.54 3.78 8.47 3.74 2.26

BaoViet Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.10 2.26 1.80 2.30 3.68

Competitive Comparison of BaoViet Holdings's Interest Coverage

For the Insurance - Diversified subindustry, BaoViet Holdings'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.


BaoViet Holdings's Interest Coverage Distribution in the Insurance Industry

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

* The bar in red indicates where BaoViet Holdings's Interest Coverage falls into.



BaoViet Holdings 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.

BaoViet Holdings'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, BaoViet Holdings's Interest Expense was ₫-1,777,742 Mil. Its EBIT was ₫4,014,041 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫1,386 Mil.

Interest Coverage=-1* EBIT (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*4014041.166/-1777742.465
=2.26

BaoViet Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, BaoViet Holdings's Interest Expense was ₫-195,630 Mil. Its EBIT was ₫719,819 Mil. And its Long-Term Debt & Capital Lease Obligation was ₫1,386 Mil.

Interest Coverage=-1* EBIT (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*719818.999/-195629.6
=3.68

* 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.


BaoViet Holdings  (STC:BVH) 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 .


BaoViet Holdings Interest Coverage Related Terms

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


BaoViet Holdings (STC:BVH) Business Description

Traded in Other Exchanges
N/A
Address
72 Tran Hung Dao Street, Tran Hung Dao Ward, Hoan Kiem District, Ha Noi, VNM
BaoViet Holdings is a Vietnam-based company that provides financial and securities investment services. The firm's services are classified on the basis of five major segments which include Life insurance, Non-life insurance, financial services, Banking services and Real estate operation and other activities. Further, the company has established relations with world-class insurers and reinsurers, including Munich Re, Swiss Re, CCR, Hannover Re, AON, Arthur Gallagher, and Marsh. It is engaged in offering securities brokerage services, underwriting services, custody services, investment advice to investors and trading of securities. The majority of the revenue for the company is generated through interest, dividends and appropriated profits.