Enstar Group (Enstar Group) Interest Coverage

: 19.10 (As of Dec. 2023)

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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. Enstar Group's EBIT for the three months ended in Dec. 2023 was $401 Mil. Enstar Group's Interest Expense for the three months ended in Dec. 2023 was $-21 Mil. Enstar Group's interest coverage for the quarter that ended in Dec. 2023 was 19.10. The higher the ratio, the stronger the company's financial strength is.

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

ESGR' s Interest Coverage Range Over the Past 10 Years
Min: 8.16 Med: 14.86 Max: 26.86
Current: 11.85

ESGR's Interest Coverage is ranked worse than
54.13% of 327 companies
in the Insurance industry
Industry Median: 13.52 vs ESGR: 11.85

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

Enstar Group Interest Coverage Historical Data

The historical data trend for Enstar 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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Enstar Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

18.20

26.86

8.16

11.85

Enstar Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																14.86	23.04	1.95	3.14	19.10

Competitive Comparison

For the Insurance - Diversified subindustry, Enstar 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.

Enstar Group Interest Coverage Distribution

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

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

Enstar 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.

Enstar 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, Enstar Group's Interest Expense was $-88 Mil. Its EBIT was $1,043 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,831 Mil.

Interest Coverage	=	-1	*	EBIT (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1043	/	-88
	=	11.85

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

Here, for the three months ended in Dec. 2023, Enstar Group's Interest Expense was $-21 Mil. Its EBIT was $401 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,831 Mil.

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	401	/	-21
	=	19.10

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

Enstar Group (NAS:ESGR) 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 .

Enstar Group Interest Coverage Related Terms

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

Enstar Group (Enstar Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Enstar Group Ltd (NAS:ESGR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ESGRO.PFD:USA ESGRP.PFD:USA

Address

22 Queen Street, Windsor Place, 3rd Floor, Hamilton, BMU, HM JX

Website

https://www.enstargroup.com

Enstar Group Ltd is a (re)insurance group that offers capital release solutions through its network of group companies. It seeks to create value by managing (re)insurance companies and portfolios of (re)insurance and other liability business in run-off and striving to generate an attractive risk-adjusted return from its investment portfolio. Its operations through four reportable segments: Run-off, Assumed Life, Investments, and Legacy Underwriting.

Executives

Silvester Dominic Francis Michael	director, 10 percent owner, officer: Chief Executive Officer	C/O CASTLEWOOD HOLDINGS LIMITED, PO BOX HM 2267, WINDSOR PL., 18 QUEEN ST, HAMILTON D0 HM JX
Stone Point Capital Llc	director	20 HORSENECK LANE, GREENWICH CT 06830
Poul Albaek Winslow	director	ONE QUEEN STREET EAST, SUITE 2500, TORONTO A6 M5C 2W5
Girish Ramanathan	officer: Chief Accounting Officer	C/O 22 QUEEN STREET, WINDSOR PLACE, 3RD FLOOR, HAMILTON D0 HM 11
Obaidat Nazar Al	officer: Chief Investment Officer	C/O 22 QUEEN STREET, WINDSOR PLACE, 3RD FLOOR, HAMILTON D0 HM 11
Stone Point Gp Ltd.	director	C/O CITCO TRUSTEES (CAYMAN) LIMITED, 89 NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-1205
Laurence Plumb	officer: Chief of Business Operations	C/O QUEEN STREET, WINDSOR PLACE, 3RD FLOOR, HAMILTON D0 HM 11
Seema Thaper	officer: Chief Risk Officer	C/O QUEEN STREET, WINDSOR PLACE, 3RD FLOOR, HAMILTON D0 HM 11
David Kang-wen Ni	officer: Chief Strategy Officer	C/O 22 QUEEN STREET, WINDSOR PLACE, 3RD FLOOR, HAMILTON D0 HM 11
Matthew Kirk	officer: Group Treasurer	C/O 22 QUEEN STREET, WINDSOR PLACE, 3RD FLOOR, HAMILTON D0 HM 11
Sharon Anne Beesley	director	WINDSOR PLACE 3RD FLOOR, 22 QUEEN STREET, HAMILTON D0 HM 11
Robert J Campbell	director
Michael P Murphy	officer: Chief Accounting Officer	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Zachary Wolf	officer: Chief Financial Officer	411 FIFTH AVE. 5TH FLOOR, NEW YORK NY 10016
Kathleen Carbone	officer: Chief Accounting Officer	1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304