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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. Premier Insurance Co's
EBIT
for the
three
months ended in Jul. 2022 was NPR0 Mil. Premier Insurance Co's Interest Expense for the
three
months ended in Jul. 2022 was NPR0 Mil.
Premier Insurance Co 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 Premier Insurance Co's Interest Coverage or its related term are showing as below:
XNEP:PIC's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 16.03 * Ranked among companies with meaningful Interest Coverage only.
Premier Insurance Co (XNEP:PIC) 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 .
Premier Insurance Co Interest Coverage Related Terms
Premier Insurance Co Interest Coverage Historical Data
* Premium members only.
The historical data trend for Premier Insurance Co'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.
XNEP:PIC vs CB, PGR, TRV: Interest Coverage Comparison
For the Insurance - Property & Casualty subindustry, Premier Insurance Co'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.
Premier Insurance Co Interest Coverage vs Insurance Industry
For the Insurance industry and Financial Services sector, Premier Insurance Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Premier Insurance Co's Interest Coverage falls into.
Premier Insurance Co 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:
* 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.
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Premier Insurance Co (XNEP:PIC) has a Interest Coverage of No Debt (1) as of Jul. 2022. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Premier Insurance Co and its competitors.
Is Premier Insurance Co's Interest Coverage too high?
Premier Insurance Co's current Interest Coverage is No Debt (1). Overall, Premier Insurance Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Premier Insurance Co's Interest Coverage compare to CB and PGR?
Premier Insurance Co's Interest Coverage of No Debt (1) can be compared against companies in the Insurance industry. The industry median Interest Coverage is 16.03. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Insurance company?
The median Interest Coverage among Insurance companies is 16.03, based on 350 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Premier Insurance Co and its competitors. For the Insurance industry, the median Interest Coverage is 16.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Premier Insurance Co's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premier Insurance Co stock overvalued right now?
Premier Insurance Co (XNEP:PIC) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). Premier Insurance Co's overall GF Score™ is 21/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Premier Insurance Co (XNEP:PIC), the current Interest Coverage is No Debt (1) as of Jul. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Premier Insurance Co Ltd is an insurance company. The company operates through the following segments: Aviation; Crops and cattle; Engineering; Fire; Marine; Micro; Miscellaneous and Motor.
21GF Score
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