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Bahrain Kuwait Insurance Co BSC (BAH:BKIC) Interest Coverage : N/A (As of Mar. 2024)


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What is Bahrain Kuwait Insurance Co BSC Interest Coverage?

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 EBIT by its Interest Expense. Bahrain Kuwait Insurance Co BSC's EBIT for the three months ended in Mar. 2024 was BHD0.00 Mil. Bahrain Kuwait Insurance Co BSC's Interest Expense for the three months ended in Mar. 2024 was BHD0.00 Mil. GuruFocus does not calculate '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. Bahrain Kuwait Insurance Co BSC has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Bahrain Kuwait Insurance Co BSC's Interest Coverage or its related term are showing as below:


BAH:BKIC's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 14.62
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Bahrain Kuwait Insurance Co BSC Interest Coverage Historical Data

The historical data trend for Bahrain Kuwait Insurance Co BSC's Interest Coverage can be seen below:

* 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No 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.

* Premium members only.

Bahrain Kuwait Insurance Co BSC Interest Coverage Chart

Bahrain Kuwait Insurance Co BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 145.18 229.05 456.91 416.60 303.58

Bahrain Kuwait Insurance Co BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt N/A

Competitive Comparison of Bahrain Kuwait Insurance Co BSC's Interest Coverage

For the Insurance - Diversified subindustry, Bahrain Kuwait Insurance Co BSC's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bahrain Kuwait Insurance Co BSC's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Bahrain Kuwait Insurance Co BSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Bahrain Kuwait Insurance Co BSC's Interest Coverage falls into.



Bahrain Kuwait Insurance Co BSC Interest Coverage Calculation

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:

If Interest Expense is negative and EBIT is positive, then

Interest Coverage=-1* EBIT /Interest Expense

Else if Interest Expense is negative and EBIT is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Bahrain Kuwait Insurance Co BSC's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Bahrain Kuwait Insurance Co BSC's Interest Expense was BHD-0.02 Mil. Its EBIT was BHD5.77 Mil. And its Long-Term Debt & Capital Lease Obligation was BHD0.00 Mil.

Interest Coverage=-1* EBIT (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*5.768/-0.019
=303.58

Bahrain Kuwait Insurance Co BSC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Bahrain Kuwait Insurance Co BSC's Interest Expense was BHD0.00 Mil. Its EBIT was BHD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was BHD0.31 Mil.

GuruFocus does not calculate Bahrain Kuwait Insurance Co BSC's interest coverage with the available data.

* 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.

The higher the ratio, the stronger the company's Financial Strength is.


Bahrain Kuwait Insurance Co BSC  (BAH:BKIC) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Bahrain Kuwait Insurance Co BSC Interest Coverage Related Terms

Thank you for viewing the detailed overview of Bahrain Kuwait Insurance Co BSC's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Bahrain Kuwait Insurance Co BSC (BAH:BKIC) Business Description

Traded in Other Exchanges
N/A
Address
BKIC Tower 2775, Road 2835, PO Box 10166, Block 428, Seef District, Manama, BHR
Bahrain Kuwait Insurance Co BSC is a Bahrain- based insurance company. The operating segment of the company is Fire and general, Motor, Marine and Aviation and Family Takaful. Fire and General covers risks of fire, general accident, medical, group life and special contingency. Motor covers risks of motor third party, motor comprehensive and extended warranty. Marine and Aviation cover risks of marine cargo, marine hull, and marine aviation. Family Takaful covers risks of group life, education, protection, savings, among others. Geographically, it operates in Bahrain and some other countries.

Bahrain Kuwait Insurance Co BSC (BAH:BKIC) Headlines

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