Kansas City Life Insurance Co (Kansas City Life Insurance Co) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Kansas City Life Insurance Co Interest Coverage?

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. Kansas City Life Insurance Co's EBIT for the three months ended in Dec. 2023 was $0.0 Mil. Kansas City Life Insurance Co's Interest Expense for the three months ended in Dec. 2023 was $0.0 Mil. Kansas City Life Insurance Co has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Kansas City Life Insurance Co has no debt.

(1) 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.

The historical rank and industry rank for Kansas City Life Insurance Co's Interest Coverage or its related term are showing as below:

KCLI' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

KCLI's Interest Coverage is ranked better than
99.38% of 322 companies
in the Insurance industry
Industry Median: 13.355 vs KCLI: 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.

Kansas City Life Insurance Co Interest Coverage Historical Data

The historical data trend for Kansas City Life Insurance Co'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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Kansas City Life Insurance Co Interest Coverage Chart

Kansas City Life Insurance Co Annual Data

Trend

Dec14

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Dec19

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Dec23

Interest Coverage

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No Debt

Kansas City Life Insurance Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Kansas City Life Insurance Co's Interest Coverage

For the Insurance - Life subindustry, Kansas City Life Insurance Co'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.

Kansas City Life Insurance Co's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Kansas City Life Insurance Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kansas City Life Insurance Co's Interest Coverage falls into.

Kansas City Life Insurance Co 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.

Kansas City Life Insurance Co'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, Kansas City Life Insurance Co's Interest Expense was $0.0 Mil. Its EBIT was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Kansas City Life Insurance Co had no debt ⁽¹⁾.

Kansas City Life Insurance Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Kansas City Life Insurance Co's Interest Expense was $0.0 Mil. Its EBIT was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Kansas City Life Insurance Co had no debt ⁽¹⁾.

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

Kansas City Life Insurance Co (OTCPK:KCLI) 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 .

Kansas City Life Insurance Co Interest Coverage Related Terms

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Kansas City Life Insurance Co (Kansas City Life Insurance Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kansas City Life Insurance Co (OTCPK:KCLI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

3520 Broadway, Kansas, MO, USA, 64111-2565

Website

http://www.kclife.com

Kansas City Life Insurance Co is a Missouri-domiciled insurance company providing individual life, annuity, and group products through general agencies located throughout the United States. The company operates its business in three segments; The Individual Insurance segment consists of individual insurance products for Kansas City Life, Grange Life, and the assumed reinsurance transactions, The Group Insurance segment consists of sales of group life, dental, vision, disability, accident, and critical illness products, and The Old American segment consists of individual insurance products designed largely as final expense products, out of which the Individual insurance segment derives the maximum revenue.