Assicurazioni Generali (MIL:G) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Assicurazioni Generali 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. Assicurazioni Generali's EBIT for the three months ended in Sep. 2023 was €0 Mil. Assicurazioni Generali's Interest Expense for the three months ended in Sep. 2023 was €0 Mil. Assicurazioni Generali has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Assicurazioni Generali's Interest Coverage or its related term are showing as below:

MIL:G's Interest Coverage is not ranked ^*
in the Insurance industry.
Industry Median: 13.355
* 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.

Assicurazioni Generali Interest Coverage Historical Data

The historical data trend for Assicurazioni Generali'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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Assicurazioni Generali Interest Coverage Chart

Assicurazioni Generali Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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8.03

Assicurazioni Generali Quarterly Data
	Dec15	Mar16	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															No Debt	N/A	N/A	No Debt	N/A

Competitive Comparison of Assicurazioni Generali's Interest Coverage

For the Insurance - Diversified subindustry, Assicurazioni Generali'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.

Assicurazioni Generali's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Assicurazioni Generali's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Assicurazioni Generali's Interest Coverage falls into.

Assicurazioni Generali 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.

Assicurazioni Generali's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Assicurazioni Generali's Interest Expense was €-7,750 Mil. Its EBIT was €0 Mil. And its Long-Term Debt & Capital Lease Obligation was €16,482 Mil.

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

Here, for the three months ended in Sep. 2023, Assicurazioni Generali's Interest Expense was €0 Mil. Its EBIT was €0 Mil. And its Long-Term Debt & Capital Lease Obligation was €0 Mil.

Assicurazioni Generali had no debt ⁽¹⁾.

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

Assicurazioni Generali (MIL:G) 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 .

Assicurazioni Generali Interest Coverage Related Terms

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Assicurazioni Generali (MIL:G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Assicurazioni Generali (MIL:G) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ARZGY:USA ARZGF:USA Gm:UK 0K78:UK ASG:Germany AGEN:Austria

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.