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Bupa Arabia for Cooperative Insurance Co (SAU:8210) Financial Strength : 5 (As of Dec. 2023)


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What is Bupa Arabia for Cooperative Insurance Co Financial Strength?

Bupa Arabia for Cooperative Insurance Co has the Financial Strength Rank of 5.

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.

GuruFocus does not calculate Bupa Arabia for Cooperative Insurance Co's interest coverage with the available data. Bupa Arabia for Cooperative Insurance Co's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.01. Altman Z-Score does not apply to banks and insurance companies.


Bupa Arabia for Cooperative Insurance Co 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:

Bupa Arabia for Cooperative Insurance Co's Interest Expense for the months ended in Dec. 2023 was ﷼0 Mil. Its Operating Income for the months ended in Dec. 2023 was ﷼0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼166 Mil.

Bupa Arabia for Cooperative Insurance Co's Interest Coverage for the quarter that ended in Dec. 2023 is

GuruFocus does not calculate Bupa Arabia for Cooperative Insurance Co's interest coverage with the available data.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Bupa Arabia for Cooperative Insurance Co has enough cash to cover all of its debt. Its financial situation is stable.

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

Bupa Arabia for Cooperative Insurance Co's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 166.066) / 17634.728
=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.


Bupa Arabia for Cooperative Insurance Co  (SAU:8210) 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.

Bupa Arabia for Cooperative Insurance Co has the Financial Strength Rank of 5.


Bupa Arabia for Cooperative Insurance Co Financial Strength Related Terms

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Bupa Arabia for Cooperative Insurance Co (SAU:8210) Business Description

Traded in Other Exchanges
N/A
Address
Prince Saud Al Fasial Street, P.O. Box 23807, Front of Saudi Airlines Cargo Building, Al-Khalediyah District, Jeddah, SAU, 21436
Bupa Arabia for Cooperative Insurance Co is a special-purpose insurance company based in Saudi Arabia. The Company issues short-term insurance contracts for providing health care services (medical insurance). All the insurance operations of the Group are carried out in the Kingdom of Saudi Arabia. The company operates in two customer categories namely major customers and non- major customers. It derives a majority of its premium from major customers. major customers represent members of large corporations.