Oman United Insurance CoOG (MUS:OUIC) Financial Strength: 0 (As of Mar. 2023)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MUS:OUIC Oman United Insurance Co SAOG MUS:OUIC
12 GF Score
Price ر.ع0.32
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What is Oman United Insurance CoOG Financial Strength?

Oman United Insurance CoOG has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and 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.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Oman United Insurance CoOG did not have earnings to cover the interest expense. Oman United Insurance CoOG's debt to revenue ratio for the quarter that ended in Mar. 2023 was 0.01. Altman Z-Score does not apply to banks and insurance companies.

Oman United Insurance CoOG  (MUS:OUIC) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Oman United Insurance CoOG has the Financial Strength Rank of 0.

Oman United Insurance CoOG Financial Strength Related Terms

MUS:OUIC
12GF Score
Oman United Insurance Co SAOG MUS:OUIC
Financial Strength is just one metric. See GF Score™, valuation, warning signs, and more.
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Oman United Insurance CoOG 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:

Oman United Insurance CoOG's Interest Expense for the months ended in Mar. 2023 was ر.ع-1.05 Mil. Its Operating Income for the months ended in Mar. 2023 was ر.ع0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ر.ع0.35 Mil.

Oman United Insurance CoOG's Interest Coverage for the quarter that ended in Mar. 2023 is

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

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

Oman United Insurance CoOG's Debt to Revenue Ratio for the quarter that ended in Mar. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0.346) / 25.388
=0.01

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.

Oman United Insurance CoOG Business Description

Address Al Khuwair Street, P.O.Box 1522, Ruwi, Muscat, OMN, 112
Oman United Insurance Co SAOG is an insurance company. It is engaged in the underwriting of general and life and medical insurance business and in the repair and maintenance of motor vehicles. It operates in two segments General insurance and Life insurance. General insurance business includes insurance and re-insurance of motor, fire, general accident, marine cargo, hull, workmen compensation, engineering, and aviation. Life insurance relates to the insuring of the life of an individual, group life and group medical. It operates within the Sultanate of Oman with the highest revenue generated from General insurance segment.
12GF Score

Get the complete analysis for MUS:OUIC

Financial Strength is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ر.ع0.32
Price