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Sabre Insurance Group (LSE:SBRE) Financial Strength : 8 (As of Jun. 2024)


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What is Sabre Insurance Group Financial Strength?

Sabre Insurance Group has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Sabre Insurance Group PLC shows strong financial strength.

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.

Sabre Insurance Group did not have earnings to cover the interest expense. Sabre Insurance Group's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.00. Altman Z-Score does not apply to banks and insurance companies.


Sabre Insurance Group 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:

Sabre Insurance Group's Interest Expense for the months ended in Jun. 2024 was £-3.5 Mil. Its Operating Income for the months ended in Jun. 2024 was £0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.0 Mil.

Sabre Insurance Group's Interest Coverage for the quarter that ended in Jun. 2024 is

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

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

Sabre Insurance Group's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 214.038
=0.00

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.


Sabre Insurance Group  (LSE:SBRE) 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.

Sabre Insurance Group has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.


Sabre Insurance Group Financial Strength Related Terms

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Sabre Insurance Group Business Description

Traded in Other Exchanges
Address
150 South Street, Sabre House, Dorking, Surrey, GBR, RH4 2YY
Sabre Insurance Group PLC is a company operating in the insurance sector. The company is an insurer selling car insurance through brokers and directly. It offers car insurance under the Sabre name and also under the Go Girl, Insure 2 Drive, and Drive Smart brands. Its product offering includes nonstandard car insurance, reduced commission insurance, commercial vehicle insurance, and taxi insurance, among others.