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Societe Tunisienne de Reassurance (XTUN:TRE) Interest Coverage : N/A (As of Dec. 2023)


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What is Societe Tunisienne de Reassurance 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. Societe Tunisienne de Reassurance's EBIT for the six months ended in Dec. 2023 was TND0.0 Mil. Societe Tunisienne de Reassurance's Interest Expense for the six months ended in Dec. 2023 was TND0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Societe Tunisienne de Reassurance's Interest Coverage or its related term are showing as below:


XTUN:TRE's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 15.67
* Ranked among companies with meaningful Interest Coverage only.

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


Societe Tunisienne de Reassurance Interest Coverage Historical Data

The historical data trend for Societe Tunisienne de Reassurance'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.

Societe Tunisienne de Reassurance Interest Coverage Chart

Societe Tunisienne de Reassurance 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 N/A N/A N/A N/A N/A

Societe Tunisienne de Reassurance Semi-Annual Data
Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

Competitive Comparison of Societe Tunisienne de Reassurance's Interest Coverage

For the Insurance - Reinsurance subindustry, Societe Tunisienne de Reassurance'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.


Societe Tunisienne de Reassurance's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Societe Tunisienne de Reassurance's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Societe Tunisienne de Reassurance's Interest Coverage falls into.


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Societe Tunisienne de Reassurance 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.

Societe Tunisienne de Reassurance'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, Societe Tunisienne de Reassurance's Interest Expense was TND0.0 Mil. Its EBIT was TND0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was TND31.7 Mil.

GuruFocus does not calculate Societe Tunisienne de Reassurance's interest coverage with the available data.

Societe Tunisienne de Reassurance's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Societe Tunisienne de Reassurance's Interest Expense was TND0.0 Mil. Its EBIT was TND0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was TND31.7 Mil.

GuruFocus does not calculate Societe Tunisienne de Reassurance's interest coverage with the available data.

* 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.


Societe Tunisienne de Reassurance  (XTUN:TRE) 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 .


Societe Tunisienne de Reassurance Interest Coverage Related Terms

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


Societe Tunisienne de Reassurance Business Description

Traded in Other Exchanges
N/A
Address
Avenue du Japon No. 12, P.O Box 29, Montplaisir, Tunis, TUN, 1073
Societe Tunisienne de Reassurance SA is engaged in the provision of the insurance services. The company offers various insurance products such as Fire, Miscellaneous and Technical Risks, engineering, Agricultural Risks, Marine & Energy, civil liability, accidents, civil and life insurances. In addition, it also provides transport corps, transportation faculties, energy and aviation insurance.

Societe Tunisienne de Reassurance Headlines

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