Hannover Rueck SE (Hannover Rueck SE) Interest Coverage

: 2.64 (As of Dec. 2023) 中文

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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. Hannover Rueck SE's EBIT for the three months ended in Dec. 2023 was $191 Mil. Hannover Rueck SE's Interest Expense for the three months ended in Dec. 2023 was $-72 Mil. Hannover Rueck SE's interest coverage for the quarter that ended in Dec. 2023 was 2.64. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Hannover Rueck SE's Interest Coverage or its related term are showing as below:

HVRRF' s Interest Coverage Range Over the Past 10 Years
Min: 9.88 Med: 14.73 Max: 18.74
Current: 12.76

HVRRF's Interest Coverage is ranked worse than
52.32% of 323 companies
in the Insurance industry
Industry Median: 13.52 vs HVRRF: 12.76

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

Hannover Rueck SE Interest Coverage Historical Data

The historical data trend for Hannover Rueck SE'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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Hannover Rueck SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

18.74

11.95

17.80

15.11

12.76

Hannover Rueck SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																-	22.58	19.34	18.14	2.64

Competitive Comparison

For the Insurance - Reinsurance subindustry, Hannover Rueck SE'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.

Hannover Rueck SE Interest Coverage Distribution

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

* The bar in red indicates where Hannover Rueck SE's Interest Coverage falls into.

Hannover Rueck SE 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.

Hannover Rueck SE'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, Hannover Rueck SE's Interest Expense was $-172 Mil. Its EBIT was $2,194 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,317 Mil.

Interest Coverage	=	-1	*	EBIT (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2193.675	/	-171.865
	=	12.76

Hannover Rueck SE's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Hannover Rueck SE's Interest Expense was $-72 Mil. Its EBIT was $191 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,317 Mil.

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	190.622	/	-72.301
	=	2.64

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

Hannover Rueck SE (OTCPK:HVRRF) 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 .

Hannover Rueck SE Interest Coverage Related Terms

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

Hannover Rueck SE (Hannover Rueck SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hannover Rueck SE (OTCPK:HVRRF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

HVRRY:USA HNR1d:UK 0M9A:UK HNR1:Germany HNR1:Austria

Address

Karl-Wiechert-Allee 50, Hannover, NI, DEU, 30625

Website

https://www.hannover-re.com

Hannover Re is a reinsurance company headquartered in Hannover, Germany. Its roots go back to the 1920s when, in conjunction with the Gerling Group, Haftplichtverband founded Eisen- und Stahl to provide reinsurance services. In the 1960s ownership of the business was turned over to Haftplichtverband and Aktiengesellschaft fur Transport und- Ruckversichering was founded. This was the basis of Hannover Re. The business expanded into life and health reinsurance in the 1990s, and over the next 30 years expanded beyond its core domestic market of Germany to write business internationally. Hannover sold its commercial specialty insurance business to Talanx on Jan. 1, 2019. Hannover was listed in the '90s on the Frankfurt Stock Exchange.