Market Cap : 40.38 B | Enterprise Value : 42.68 B | PE Ratio : 9.65 | PB Ratio : 1.53 |
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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. Aflac's EBIT for the three months ended in Jun. 2022 was $1,756 Mil. Aflac's Interest Expense for the three months ended in Jun. 2022 was $-55 Mil. Aflac's interest coverage for the quarter that ended in Jun. 2022 was 31.93. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Aflac's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Aflac'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.
For the Insurance - Life subindustry, Aflac'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.
For the Insurance industry and Financial Services sector, Aflac's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Aflac's Interest Coverage falls into.
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. |
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Aflac's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as
Here, for the fiscal year that ended in Dec. 2021, Aflac's Interest Expense was $-238 Mil. Its EBIT was $5,560 Mil. And its Long-Term Debt & Capital Lease Obligation was $7,956 Mil.
Interest Coverage | = | -1 | * | EBIT (A: Dec. 2021 ) | / | Interest Expense (A: Dec. 2021 ) |
= | -1 | * | 5560 | / | -238 | |
= | 23.36 |
Aflac's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as
Here, for the three months ended in Jun. 2022, Aflac's Interest Expense was $-55 Mil. Its EBIT was $1,756 Mil. And its Long-Term Debt & Capital Lease Obligation was $7,416 Mil.
Interest Coverage | = | -1 | * | EBIT (Q: Jun. 2022 ) | / | Interest Expense (Q: Jun. 2022 ) |
= | -1 | * | 1756 | / | -55 | |
= | 31.93 |
* 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.
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 .
Thank you for viewing the detailed overview of Aflac's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Collins Arthur Reginald | director | 3911 LORCOM LANE ARLINGTON VA 22207 |
Mori Nobuchika | director | 1932 WYNNTON ROAD COLUMBUS GA 31999 |
Kiser Georgette D. | director | 1001 PENNSYLVANIA AVENUE, NW WASHINGTON DC 20004-2505 |
Beaver Steven Kent | officer: SVP, CFO, Aflac US | 1932 WYNNTON ROAD COLUMBUS GA 31999 |
Williams Richard Jr | officer: Executive V.P. | 1932 WYNNTON RD COLUMBUS GA 31999 |
Riggieri Albert | officer: SVP, Corporate Actuary | 1932 WYNNTON RD COLUMBUS GA 31999 |
Rohrer Katherine | director | 1932 WYNNTON RD COLUMBUS GA 31999 |
Koide Masatoshi | officer: Deputy President, Aflac Japan | 1932 WYNNTON RD COLUMBUS GA 31999 |
Broden Max | officer: Senior Vice President | 1932 WYNNTON RD COLUMBUS GA 31999 |
Lloyd Karole | director | 1932 WYNNTON ROAD COLUMBUS GA 31999 |
Fukuzawa Toshihiko | director | 1932 WYNNTON RD COLUMBUS GA 31999 |
Daniels James Todd | officer: Sr. Vice President | 1932 WYNNTON ROAD COLUMBUS GA 31999 |
Crawford Frederick John | officer: EVP, Chief Financial Officer | AFLAC INCORPORATED COLUMBUS GA 31999 |
Moskowitz Joseph L | director | 1932 WYNNTON ROAD COLUMBUS GA 31999 |
Kenny Thomas J | director | FRANKLIN RESOURCES INC 901 MARINERS ISLAND BLVD 6TH FLOOR SAN MATEO CA 94404 |
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