Helia Group (STU:0GI0) Interest Coverage : 3.62 (As of Dec. 2023)

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What is Helia Group 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. Helia Group's EBIT for the three months ended in Dec. 2023 was €156.2 Mil. Helia Group's Interest Expense for the three months ended in Dec. 2023 was €-43.2 Mil. Helia Group's interest coverage for the quarter that ended in Dec. 2023 was 3.62. The higher the ratio, the stronger the company's financial strength is.

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

STU:0GI0' s Interest Coverage Range Over the Past 10 Years
Min: 4.67 Med: 20.67 Max: 42.92
Current: 4.67

STU:0GI0's Interest Coverage is ranked worse than
80.12% of 332 companies
in the Insurance industry
Industry Median: 14.555 vs STU:0GI0: 4.67

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

Helia Group Interest Coverage Historical Data

The historical data trend for Helia Group'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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Helia Group Interest Coverage Chart

Helia Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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15.38

27.71

22.23

4.67

Helia Group Quarterly Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															37.98	5.93	33.60	6.68	3.62

Competitive Comparison of Helia Group's Interest Coverage

For the Insurance - Specialty subindustry, Helia Group'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.

Helia Group's Interest Coverage Distribution in the Insurance Industry

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

* The bar in red indicates where Helia Group's Interest Coverage falls into.

Helia Group 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.

Helia Group'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, Helia Group's Interest Expense was €-66.0 Mil. Its EBIT was €308.4 Mil. And its Long-Term Debt & Capital Lease Obligation was €120.2 Mil.

Interest Coverage	=	-1	*	EBIT (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	308.35	/	-65.973
	=	4.67

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

Here, for the three months ended in Dec. 2023, Helia Group's Interest Expense was €-43.2 Mil. Its EBIT was €156.2 Mil. And its Long-Term Debt & Capital Lease Obligation was €120.2 Mil.

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	156.221	/	-43.189
	=	3.62

The higher the ratio, the stronger the company's Financial Strength is.

Helia Group (STU:0GI0) 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 .

Helia Group Interest Coverage Related Terms

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

Helia Group (STU:0GI0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Helia Group Ltd (STU:0GI0) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

HLI:Australia

Address

101 Miller Street, Level 26, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.helia.com.au

Helia listed on the Australian Securities Exchange in 2014 after its U.S.-based parent, Genworth Financial (NYSE: GNW), sold down its stake. It has since exited. With a history spanning over 50 years, Helia is a provider of lenders' mortgage insurance, or LMI, in Australia. In Australia, LMI is predominantly purchased on loans with a loan/value ratio, or LVR, above 80%. LMI protects a lender against a potential loss (gap) between the outstanding loan amount and sale proceeds on a delinquent loan property. LMI does not protect the borrower, however the premium is paid by the borrower. It's regulated by the Australian Prudential Regulation Authority, or APRA, which requires it to meet minimum regulatory capital requirements.

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