Oxbridge Re Holdings (Oxbridge Re Holdings) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is Oxbridge Re Holdings 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. Oxbridge Re Holdings's EBIT for the three months ended in Mar. 2024 was $0.00 Mil. Oxbridge Re Holdings's Interest Expense for the three months ended in Mar. 2024 was $-0.04 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Oxbridge Re Holdings's Interest Coverage or its related term are showing as below:

OXBR'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.

Oxbridge Re Holdings Interest Coverage Historical Data

The historical data trend for Oxbridge Re Holdings'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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Oxbridge Re Holdings Interest Coverage Chart

Oxbridge Re Holdings Annual Data

Trend

Dec14

Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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Oxbridge Re Holdings 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	-

Competitive Comparison of Oxbridge Re Holdings's Interest Coverage

For the Insurance - Reinsurance subindustry, Oxbridge Re Holdings'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.

Oxbridge Re Holdings's Interest Coverage Distribution in the Insurance Industry

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

* The bar in red indicates where Oxbridge Re Holdings's Interest Coverage falls into.

Oxbridge Re Holdings 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.

Oxbridge Re Holdings'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, Oxbridge Re Holdings's Interest Expense was $0.00 Mil. Its EBIT was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.13 Mil.

GuruFocus does not calculate Oxbridge Re Holdings's interest coverage with the available data.

Oxbridge Re Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Oxbridge Re Holdings's Interest Expense was $-0.04 Mil. Its EBIT was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.18 Mil.

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

Oxbridge Re Holdings (NAS:OXBR) 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 .

Oxbridge Re Holdings Interest Coverage Related Terms

Thank you for viewing the detailed overview of Oxbridge Re Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Oxbridge Re Holdings (Oxbridge Re Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Oxbridge Re Holdings Ltd (NAS:OXBR) » Definitions » Interest Coverage

Traded in Other Exchanges

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Address

42 Edward Street, Suite 201, P.O. Box 469, Georgetown, Grand Cayman, CYM, KY1-9006

Website

https://www.oxbridgere.com

Oxbridge Re Holdings Ltd is a specialty property and casualty reinsurer. It provides reinsurance solutions through its subsidiary. It focuses on underwriting fully collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States, with an emphasis on Florida. Oxbridge specializes in underwriting medium frequency, high severity risks, where insufficient data exists to analyze effectively the risk/return profile of reinsurance contracts. It derives most revenues from three principal sources premiums assumed from reinsurance on property and casualty business; income from investments and unrealized (loss)/ gain on other investments; and income under our Administrative Services Agreement.

Executives

Sanjay Madhu	director, officer: CEO, President	425 EAST DAVIS BLVD., TAMPA FL 33606
Allan S. Martin	10 percent owner	401 EAST JACKSON STREET, SUITE 2370, TAMPA FL 33601
Arun Gowda	director	SUITE 201, 42 EDWARD STREET, GEORGE TOWN, GRAND CAYMAN E9 KY1-9006
Dwight Lyndon Merren	director	SUITE 201, 42 EDWARD STREET, GEORGE TOWN, GRAND CAYMAN E9 KY1-9006
Lesley Helen Thompson	director	SUITE 201, 42 EDWARD STREET, GEORGE TOWN, GRAND CAYMAN E9 KY1-9006
Raymond E Cabillot	director	3033 EXCELSIOR BLVD., STE 560, MINNEAPOLIS MN 55416
Wrendon Timothy	officer: Controller & Secretary	P.O. BOX 469, CAMANA BAY E9 KY1-9006
Paresh Patel	director, 10 percent owner	1520 GULF BLVD., APT. 1706, CLEARWATER FL 33767
Mayur Patel	director	12 CHRIS ELIOT COURT, HUNT VALLEY MD 21030
Krishna Persaud	director	11767 BAYFIELD DRIVE, BOCA RATON FL 33498