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ICICI Lombard General Insurance Co (BOM:540716) Interest Coverage : N/A (As of Dec. 2023)


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What is ICICI Lombard General Insurance Co 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 Lombard General Insurance Co's EBIT for the three months ended in Dec. 2023 was ₹0 Mil. ICICI Lombard General Insurance Co's Interest Expense for the three months ended in Dec. 2023 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. ICICI Lombard General Insurance Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for ICICI Lombard General Insurance Co's Interest Coverage or its related term are showing as below:


BOM:540716's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 13.665
* 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 Lombard General Insurance Co Interest Coverage Historical Data

The historical data trend for ICICI Lombard General Insurance Co'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.

ICICI Lombard General Insurance Co Interest Coverage Chart

ICICI Lombard General Insurance Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.00 21.36 23.54 18.62 27.20

ICICI Lombard General Insurance Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 N/A N/A N/A N/A N/A

Competitive Comparison of ICICI Lombard General Insurance Co's Interest Coverage

For the Insurance - Diversified subindustry, ICICI Lombard General Insurance Co'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 Lombard General Insurance Co's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ICICI Lombard General Insurance Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where ICICI Lombard General Insurance Co's Interest Coverage falls into.



ICICI Lombard General Insurance Co 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 Lombard General Insurance Co's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, ICICI Lombard General Insurance Co's Interest Expense was ₹-806 Mil. Its EBIT was ₹21,932 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹350 Mil.

Interest Coverage=-1* EBIT (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*21931.566/-806.232
=27.20

ICICI Lombard General Insurance Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, ICICI Lombard General Insurance Co's Interest Expense was ₹0 Mil. Its EBIT was ₹0 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹350 Mil.

GuruFocus does not calculate ICICI Lombard General Insurance Co'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.


ICICI Lombard General Insurance Co  (BOM:540716) 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 Lombard General Insurance Co Interest Coverage Related Terms

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


ICICI Lombard General Insurance Co (BOM:540716) Business Description

Traded in Other Exchanges
Address
414, Veer Savarkar Marg, ICICI Lombard House, Near Siddhivinayak Temple, Prabhadevi, Mumbai, MH, IND, 400 025
ICICI Lombard General Insurance Co Ltd is a general insurance company. Its business activities include Fire; Engineering; Marine and Liability. The company products include Motor Insurance; Car Insurance; Two Wheeler Insurance; Health Insurance; Complete Health Insurance; Health Booster; Personal Accident Insurance; International Travel Insurance; Home Insurance; Marine Insurance; NRI Insurance Services; Business Insurance; Third Party Insurance; Crop Insurance and Rural Insurance. Geographically, it operates only in India.

ICICI Lombard General Insurance Co (BOM:540716) Headlines

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