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Safety Insurance Group Interest Coverage

: 351.85 (As of Mar. 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. Safety Insurance Group's EBIT for the three months ended in Mar. 2021 was $45.4 Mil. Safety Insurance Group's Interest Expense for the three months ended in Mar. 2021 was $-0.1 Mil. Safety Insurance Group's interest coverage for the quarter that ended in Mar. 2021 was 351.85. The higher the ratio, the stronger the company's financial strength is.

NAS:SAFT' s Interest Coverage Range Over the Past 10 Years
Min: 163.19   Med: 964.33   Max: 1375.23
Current: 427.94

163.19
1375.23

NAS:SAFT's Interest Coverage is ranked higher than
80% of the 339 Companies
in the Insurance industry.

( Industry Median: 14.92 vs. NAS:SAFT: 427.94 )

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


Safety Insurance Group Interest Coverage Historical Data

* 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.

Safety Insurance Group 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 1,037.47 964.33 1,159.34 1,375.23 398.20

Safety Insurance Group Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 - 409.86 433.21 514.86 351.85

Competitive Comparison
* 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.
   

Safety Insurance Group Interest Coverage Distribution

* The bar in red indicates where Safety Insurance Group's Interest Coverage falls into.



Safety Insurance Group 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.

Safety Insurance Group'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, Safety Insurance Group's Interest Expense was $-0.4 Mil. Its EBIT was $175.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $31.0 Mil.

Interest Coverage=-1* EBIT (A: Dec. 2020 )/Interest Expense (A: Dec. 2020 )
=-1*175.21/-0.44
=398.20

Safety Insurance Group's Interest Coverage for the quarter that ended in Mar. 2021 is calculated as

Here, for the three months ended in Mar. 2021, Safety Insurance Group's Interest Expense was $-0.1 Mil. Its EBIT was $45.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $59.8 Mil.

Interest Coverage=-1* EBIT (Q: Mar. 2021 )/Interest Expense (Q: Mar. 2021 )
=-1*45.389/-0.129
=351.85

* 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.


Safety Insurance Group  (NAS:SAFT) 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 .


Safety Insurance Group Interest Coverage Related Terms


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