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Assicurazioni Generali (WBO:AGEN) Financial Strength : 4 (As of Sep. 2023)


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What is Assicurazioni Generali Financial Strength?

Assicurazioni Generali has the Financial Strength Rank of 4.

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.

Assicurazioni Generali has no long-term debt (1). Altman Z-Score does not apply to banks and insurance companies.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Assicurazioni Generali 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:

Assicurazioni Generali's Interest Expense for the months ended in Sep. 2023 was €0 Mil. Its Operating Income for the months ended in Sep. 2023 was €0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0 Mil.

Assicurazioni Generali's Interest Coverage for the quarter that ended in Sep. 2023 is

Assicurazioni Generali 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.

Assicurazioni Generali's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 is

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

Assicurazioni Generali  (WBO:AGEN) 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.

Assicurazioni Generali has the Financial Strength Rank of 4.

Assicurazioni Generali Financial Strength Related Terms

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Assicurazioni Generali (WBO:AGEN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Assicurazioni Generali (WBO:AGEN) » Definitions » Financial Strength
Comparable Companies
MIL:US MIL:UNI BRK.A XTER:ALV XPAR:CS XSWX:ZURN AIG ACGL TSX:SLF OHEL:SAMPO XTER:TLX XSWX:SLHN LSE:AV. XAMS:NN BSP:BBSE3 OCSE:TRYG EQH XAMS:AGN XAMS:ASRNL BOM:540716
Traded in Other Exchanges
ARZGY:USA ARZGF:USA G:Italy Gm:UK 0K78:UK ASG:Germany
Address
Piazza Duca degli Abruzzi, 2, Trieste, ITA, 34132
Website
https://www.generali.com
The roots of Generali date back to the 1830s and the Bora wind and rough seas that hit the Trieste region. Over that decade Generali sought to expand throughout Italy, but this growth was held back by the fragmented nature of Italy. The Italian Revolution in the 1840s paved the way for easier expansion in the country. After the First World War Trieste was eventually handed back to Italy. The dissolution of the Austro-Hungarian Empire created a fragmented Europe and a fragmented Generali. While to this day Generali remains quite a diversified company, its core operations remain in historical Austro-Hungarian countries of Italy, Germany, Austria, and Central and Eastern Europe. This is the case in Generali's nonlife business. France is also an important contributor to life and savings.