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Gjensidige Forsikring ASA Interest Coverage

: 43.30 (As of Sep. 2021)
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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. Gjensidige Forsikring ASA's EBIT for the three months ended in Sep. 2021 was $239 Mil. Gjensidige Forsikring ASA's Interest Expense for the three months ended in Sep. 2021 was $-6 Mil. Gjensidige Forsikring ASA's interest coverage for the quarter that ended in Sep. 2021 was 43.30. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Gjensidige Forsikring ASA's Interest Coverage or its related term are showing as below:

OTCPK:GJNSY' s Interest Coverage Range Over the Past 10 Years
Min: 7.63   Med: 9.97   Max: 34.89
Current: 34.44

7.63
34.89

OTCPK:GJNSY's Interest Coverage is ranked higher than
65% of the 344 Companies
in the Insurance industry.

( Industry Median: 16.65 vs. OTCPK:GJNSY: 34.44 )

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


Gjensidige Forsikring ASA Interest Coverage Historical Data

The historical data trend for Gjensidige Forsikring ASA'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.

Gjensidige Forsikring ASA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.03 9.97 - 34.89 30.26

Gjensidige Forsikring ASA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.77 28.38 38.93 33.05 43.30

Competitive Comparison

For the Insurance - Diversified subindustry, Gjensidige Forsikring ASA'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.

   

Gjensidige Forsikring ASA Interest Coverage Distribution

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

* The bar in red indicates where Gjensidige Forsikring ASA's Interest Coverage falls into.



Gjensidige Forsikring ASA 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.


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

Gjensidige Forsikring ASA's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Gjensidige Forsikring ASA's Interest Expense was $-25 Mil. Its EBIT was $753 Mil. And its Long-Term Debt & Capital Lease Obligation was $289 Mil.

Interest Coverage=-1* EBIT (A: Dec. 2020 )/Interest Expense (A: Dec. 2020 )
=-1*753.22438010359/-24.887735296482
=30.26

Gjensidige Forsikring ASA's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Here, for the three months ended in Sep. 2021, Gjensidige Forsikring ASA's Interest Expense was $-6 Mil. Its EBIT was $239 Mil. And its Long-Term Debt & Capital Lease Obligation was $426 Mil.

Interest Coverage=-1* EBIT (Q: Sep. 2021 )/Interest Expense (Q: Sep. 2021 )
=-1*239.05385583775/-5.5207142279662
=43.30

* 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.


Gjensidige Forsikring ASA  (OTCPK:GJNSY) 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 .


Gjensidige Forsikring ASA Interest Coverage Related Terms

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


Gjensidige Forsikring ASA Business Description

Gjensidige Forsikring ASA logo
Industry
Address
Schweigaardsgate 21, Oslo, NOR, 0191
Gjensidige Forsikring is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.

Gjensidige Forsikring ASA Headlines

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