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. Enact Holdings's
EBIT
for the
three
months ended in Jun. 2022 was $274 Mil. Enact Holdings's Interest Expense for the
three
months ended in Jun. 2022 was $-13 Mil.
Enact Holdings's interest coverage for the quarter that ended in Jun. 2022 was 21.40.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Enact Holdings's Interest Coverage or its related term are showing as below:
ACT'
s Interest Coverage Range Over the Past 10 Years
Min: 14.63 Med: 26.89 Max: No Debt
Current: 17.45
ACT's Interest Coverage is ranked better than 56.07% of 321
companies
in the Insurance industry
Industry Median: 14.57
vs ACT: 17.45
The historical data trend for Enact 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.
* Premium members only.
Enact Holdings Annual Data
Trend
Dec19
Dec20
Dec21
Interest Coverage
No Debt
26.89
14.63
Enact Holdings Quarterly Data
Dec19
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Interest Coverage
14.08
14.69
16.26
17.43
21.40
Competitive Comparison
For the Insurance - Specialty subindustry, Enact 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.
Enact Holdings Interest Coverage Distribution
For the Insurance industry and Financial Services sector, Enact Holdings's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Enact Holdings's Interest Coverage falls into.
Enact 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:
* 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.
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 .
Enact Holdings Interest Coverage Related Terms
Thank you for viewing the detailed overview of Enact Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance.
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