ICICI Prudential Life Insurance Company Limited (BOM:540133) Interest Coverage : N/A (As of Mar. 2024)

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What is ICICI Prudential Life Insurance Company Limited 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. ICICI Prudential Life Insurance Company Limited's EBIT for the three months ended in Mar. 2024 was ₹0 Mil. ICICI Prudential Life Insurance Company Limited's Interest Expense for the three months ended in Mar. 2024 was ₹0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for ICICI Prudential Life Insurance Company Limited's Interest Coverage or its related term are showing as below:

BOM:540133's Interest Coverage is not ranked ^*
in the Insurance industry.
Industry Median: 13.81
* 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.

ICICI Prudential Life Insurance Company Limited Interest Coverage Historical Data

The historical data trend for ICICI Prudential Life Insurance Company Limited'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.

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ICICI Prudential Life Insurance Company Limited Interest Coverage Chart

ICICI Prudential Life Insurance Company Limited Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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57.34

20.29

7.97

8.95

N/A

ICICI Prudential Life Insurance Company Limited 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															N/A	N/A	N/A	N/A	N/A

Competitive Comparison of ICICI Prudential Life Insurance Company Limited's Interest Coverage

For the Insurance - Life subindustry, ICICI Prudential Life Insurance Company Limited'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.

ICICI Prudential Life Insurance Company Limited's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ICICI Prudential Life Insurance Company Limited's Interest Coverage distribution charts can be found below:

* The bar in red indicates where ICICI Prudential Life Insurance Company Limited's Interest Coverage falls into.

ICICI Prudential Life Insurance Company Limited 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.

ICICI Prudential Life Insurance Company Limited's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, ICICI Prudential Life Insurance Company Limited's Interest Expense was ₹0 Mil. Its EBIT was ₹0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹12,000 Mil.

GuruFocus does not calculate ICICI Prudential Life Insurance Company Limited's interest coverage with the available data.

ICICI Prudential Life Insurance Company Limited's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, ICICI Prudential Life Insurance Company Limited's Interest Expense was ₹0 Mil. Its EBIT was ₹0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹12,000 Mil.

GuruFocus does not calculate ICICI Prudential Life Insurance Company Limited's interest coverage with the available data.

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

ICICI Prudential Life Insurance Company Limited (BOM:540133) 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 .

ICICI Prudential Life Insurance Company Limited Interest Coverage Related Terms

Thank you for viewing the detailed overview of ICICI Prudential Life Insurance Company Limited's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

ICICI Prudential Life Insurance Company Limited (BOM:540133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ICICI Prudential Life Insurance Company Limited (BOM:540133) » Definitions » Interest Coverage

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ICICIPRULI:India

Address

1089 Appasaheb Marathe Marg, ICICI Pru Life Towers, 1st and 2nd Floor, Cnergy IT Park, Prabhadevi, Mumbai, MH, IND, 400025

Website

https://www.iciciprulife.com

ICICI Prudential Life Insurance Company Limited offers products across savings, investments, and protection categories that match the different life stage requirements of customers and enable them to achieve their long-term financial goals. The company has developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance, and a hassle-free claim settlement experience to customers. Its segments are Par Life, Par Pension, Non Par Life, Non Par Pension, Non Par Variable, Non Par Variable Pension, Annuity Non Par, Health, Linked Life, Linked Pension, Linked Health, Linked Group Life, Linked Group Pension, and Group Pension Share holders.

ICICI Prudential Life Insurance Company Limited (BOM:540133) Headlines

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