Menora Mivtachim Holdings (XTAE:MMHD) Interest Coverage : 11.75 (As of Dec. 2024)

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What is Menora Mivtachim 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. Menora Mivtachim Holdings's EBIT for the three months ended in Dec. 2024 was ₪554 Mil. Menora Mivtachim Holdings's Interest Expense for the three months ended in Dec. 2024 was ₪-47 Mil. Menora Mivtachim Holdings's interest coverage for the quarter that ended in Dec. 2024 was 11.75. The higher the ratio, the stronger the company's financial strength is.

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

XTAE:MMHD' s Interest Coverage Range Over the Past 10 Years
Min: 1.92 Med: 6.33 Max: 14.33
Current: 7.98

XTAE:MMHD's Interest Coverage is ranked worse than
65.77% of 333 companies
in the Insurance industry
Industry Median: 14.43 vs XTAE:MMHD: 7.98

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

Menora Mivtachim Holdings Interest Coverage Historical Data

The historical data trend for Menora Mivtachim 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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Menora Mivtachim Holdings Interest Coverage Chart

Menora Mivtachim Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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14.33

10.43

6.23

4.69

7.98

Menora Mivtachim Holdings 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															5.43	7.66	7.86	5.72	11.75

Competitive Comparison of Menora Mivtachim Holdings's Interest Coverage

For the Insurance - Life subindustry, Menora Mivtachim 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.

Menora Mivtachim Holdings's Interest Coverage Distribution in the Insurance Industry

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

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

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Menora Mivtachim 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.

Menora Mivtachim Holdings'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, Menora Mivtachim Holdings's Interest Expense was ₪-236 Mil. Its EBIT was ₪1,884 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪3,565 Mil.

Interest Coverage	=	-1	*	EBIT (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	1883.557	/	-235.972
	=	7.98

Menora Mivtachim Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Menora Mivtachim Holdings's Interest Expense was ₪-47 Mil. Its EBIT was ₪554 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪3,565 Mil.

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	553.802	/	-47.123
	=	11.75

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

Menora Mivtachim Holdings (XTAE:MMHD) 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 .

Menora Mivtachim Holdings Interest Coverage Related Terms

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

Menora Mivtachim Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Menora Mivtachim Holdings Ltd (XTAE:MMHD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

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Address

Menorah House, 115 Allenby Street, Tel Aviv, ISR, 61008

Website

https://www.menoramivt.co.il

Menora Mivtachim Holdings Ltd is a diversified insurance and finance group that operates in Israel. The company specializes in asset management and diversified insurance services, including general, life, and health insurance. Menora is also active within the capital market in a variety of fields, including corporate finance, investment banking, structured finance, and more. The company offers a broad variety of mutual funds that invest in various avenues in Israel and around the world, while also managing pension products and provident funds. The company's operating segments such as Life insurance and long-term savings, focusing on policies, pension, and provident funds for death and disability risks, Health insurance segment and Property and casualty insurance segment.

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