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Liva GroupOG (XNEP:NLG) Interest Coverage : No Debt (1) (As of Apr. 2024)


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What is Liva GroupOG 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. Liva GroupOG's EBIT for the three months ended in Apr. 2024 was NPR71 Mil. Liva GroupOG's Interest Expense for the three months ended in Apr. 2024 was NPR0 Mil. Liva GroupOG has no debt. 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 Liva GroupOG's Interest Coverage or its related term are showing as below:

XNEP:NLG' s Interest Coverage Range Over the Past 10 Years
Min: 1.35   Med: 2.96   Max: 36.36
Current: 29.56


XNEP:NLG's Interest Coverage is ranked better than
63.55% of 332 companies
in the Insurance industry
Industry Median: 14.555 vs XNEP:NLG: 29.56

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


Liva GroupOG Interest Coverage Historical Data

The historical data trend for Liva GroupOG'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.

Liva GroupOG Interest Coverage Chart

Liva GroupOG Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.46 36.36

Liva GroupOG Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 No Debt 15.95 No Debt No Debt No Debt

Competitive Comparison of Liva GroupOG's Interest Coverage

For the Insurance - Diversified subindustry, Liva GroupOG'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.


Liva GroupOG's Interest Coverage Distribution in the Insurance Industry

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

* The bar in red indicates where Liva GroupOG's Interest Coverage falls into.



Liva GroupOG 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.

Liva GroupOG's Interest Coverage for the fiscal year that ended in Jul. 2023 is calculated as

Here, for the fiscal year that ended in Jul. 2023, Liva GroupOG's Interest Expense was NPR-9 Mil. Its EBIT was NPR318 Mil. And its Long-Term Debt & Capital Lease Obligation was NPR78 Mil.

Interest Coverage=-1* EBIT (A: Jul. 2023 )/Interest Expense (A: Jul. 2023 )
=-1*318.247/-8.752
=36.36

Liva GroupOG's Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Here, for the three months ended in Apr. 2024, Liva GroupOG's Interest Expense was NPR0 Mil. Its EBIT was NPR71 Mil. And its Long-Term Debt & Capital Lease Obligation was NPR0 Mil.

Liva GroupOG had no debt (1).

* 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.


Liva GroupOG  (XNEP:NLG) 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 .


Liva GroupOG Interest Coverage Related Terms

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


Liva GroupOG (XNEP:NLG) Business Description

Traded in Other Exchanges
Address
Panipokhari, Lazimpat, GPO Box 20600, Kathmandu, NPL
NLG Insurance Co Ltd operates in the insurance sector. It is engaged in providing life and non-life insurance services to its individual and corporate clients. The company's operating segments include Fire; Marine; Motor; Engineering; Miscellaneous; Cattle Crop; Aviation and Micro. It generates maximum revenue in the form of premium from the Motor segment. Geographically, it operates only in Nepal.

Liva GroupOG (XNEP:NLG) Headlines

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