SCOR SE (SCOR SE) Interest Coverage

: 9.73 (As of Dec. 2023)

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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. SCOR SE's EBIT for the six months ended in Dec. 2023 was $668 Mil. SCOR SE's Interest Expense for the six months ended in Dec. 2023 was $-69 Mil. SCOR SE's interest coverage for the quarter that ended in Dec. 2023 was 9.73. The higher the ratio, the stronger the company's financial strength is.

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

SZCRF' s Interest Coverage Range Over the Past 10 Years
Min: 4.03 Med: 6.97 Max: 11.81
Current: 11.81

SZCRF's Interest Coverage is ranked worse than
54.66% of 322 companies
in the Insurance industry
Industry Median: 13.355 vs SZCRF: 11.81

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

SCOR SE Interest Coverage Historical Data

The historical data trend for SCOR 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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SCOR SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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6.47

4.03

6.97

11.81

SCOR SE Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															3.66	-	-	14.28	9.73

Competitive Comparison

For the Insurance - Reinsurance subindustry, SCOR 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.

SCOR SE Interest Coverage Distribution

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

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

SCOR 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.

SCOR 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, SCOR SE's Interest Expense was $-126 Mil. Its EBIT was $1,494 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,501 Mil.

Interest Coverage	=	-1	*	EBIT (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1494.002	/	-126.499
	=	11.81

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

Here, for the six months ended in Dec. 2023, SCOR SE's Interest Expense was $-69 Mil. Its EBIT was $668 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,501 Mil.

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	668.484	/	-68.702
	=	9.73

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

SCOR SE (OTCPK:SZCRF) 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 .

SCOR SE Interest Coverage Related Terms

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

SCOR SE (SCOR SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SCOR SE (OTCPK:SZCRF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

SCRYY:USA SCRp:UK 0IT3:UK SCR:France SDRB:Germany SCR:Switzerland

Address

5, avenue Kleber, Paris, FRA, 75116

Website

https://www.scor.com

Scor is the world's fifth-largest reinsurer selling non-life and life reinsurance. Scor global life insurers life insurance and annuities. In its co-insurance agreements Scor shares in premiums and claims of life insurance contracts that have been sold by a primary insurer. In its excess of loss agreements, Scor reimburses a primary insurer for claims that are filed above an agreed amount. Scor also sells property and casualty reinsurance in co-insurance and excess of loss. Historically Scor has been better in specialist lines and not as good in lines where there is a large potential for loss. Having recently grown in natural catastrophe book, standards of underwriting have not been good. The business has subsequently decided to move back to its historical roots.

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