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General Accident (LSE:GACB.PFD) Financial Strength : 0 (As of . 20)


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What is General Accident Financial Strength?

General Accident has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

General Accident did not have earnings to cover the interest expense. Altman Z-Score does not apply to banks and insurance companies.


General Accident Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

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

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:

General Accident's Interest Expense for the months ended in . 20 was £0.00 Mil. Its Operating Income for the months ended in . 20 was £0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in . 20 was £0.00 Mil.

General Accident's Interest Coverage for the quarter that ended in . 20 is

General Accident had no long-term debt (1).

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

General Accident's Debt to Revenue Ratio for the quarter that ended in . 20 is

Debt to Revenue Ratio=Total Debt (Q: . 20 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=( + ) / 0
=N/A

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.


General Accident  (LSE:GACB.PFD) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

General Accident has the Financial Strength Rank of 0.


General Accident Financial Strength Related Terms

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General Accident Business Description

Traded in Other Exchanges
N/A
Address
Pitheavlis, Perth, GBR, PH2 0NH
General Accident PLC provides life, accident, health, property, and motor insurance services. Its principal activity is the provision of loans to its parent company. The company offers a wide range of insurance and savings products that include car, home, and health insurance, to pensions, investments and asset management.