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Trisura Group (TSX:TSU) Financial Strength : 6 (As of Dec. 2024)


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What is Trisura Group Financial Strength?

Trisura Group has the Financial Strength Rank of 6.

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.

Trisura Group's Interest Coverage for the quarter that ended in Dec. 2024 was 27.89. Trisura Group's debt to revenue ratio for the quarter that ended in Dec. 2024 was 0.13. Altman Z-Score does not apply to banks and insurance companies.


Trisura 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:

Trisura Group's Interest Expense for the months ended in Dec. 2024 was C$-1 Mil. Its Operating Income for the months ended in Dec. 2024 was C$0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$84 Mil.

Trisura Group's Interest Coverage for the quarter that ended in Dec. 2024 is

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

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

Trisura Group's Debt to Revenue Ratio for the quarter that ended in Dec. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(23.272 + 84.302) / 835.444
=0.13

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.


Trisura Group  (TSX:TSU) 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.

Trisura Group has the Financial Strength Rank of 6.


Trisura Group Financial Strength Related Terms

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Trisura Group Business Description

Traded in Other Exchanges
Address
333 Bay Street, Suite 1610, Box 22, Toronto, ON, CAN, M5H 2R2
Trisura Group Ltd is a Canadian-based company that engages in the provision of specialty insurance. The operating business segments are Trisura Specialty and Trisura US Programs. The operations of Trisura Specialty comprise Surety business underwritten in both Canada and the United States, and Risk Solutions, Fronting and Corporate Insurance products underwritten in Canada. Trisura US Programs provides specialty fronting insurance solutions underwritten in the United States.
Executives
David James Clare Director, Senior Officer
Richard William Grant Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
David Charles Scotland Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Chris Yoshio Sekine Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Allison Kenworthy Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Robert Edward Taylor Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Beasley Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
George Myhal Director, Director or Senior Officer of 10% Security Holder
Anik Lanthier Director
Paul Rodney Kopecky Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Barton Walter Hedges Director
James Gabriel Doyle Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Brian Lawson Director or Senior Officer of 10% Security Holder
Paul Joseph Gallagher Director
Eileen Marie Sweeney Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)