Alliance Insurance PSC (DFM:ALLIANCE) Financial Strength : 6 (As of Mar. 2024)

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What is Alliance Insurance PSC Financial Strength?

Alliance Insurance PSC has the Financial Strength Rank of 6.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Alliance Insurance PSC has no long-term debt ⁽¹⁾. Alliance Insurance PSC's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00. Altman Z-Score does not apply to banks and insurance companies.

(1) Note: An indication of "no long-term 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.

Alliance Insurance PSC Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

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

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:

Alliance Insurance PSC's Interest Expense for the months ended in Mar. 2024 was د.إ0.0 Mil. Its Operating Income for the months ended in Mar. 2024 was د.إ0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ0.0 Mil.

Alliance Insurance PSC's Interest Coverage for the quarter that ended in Mar. 2024 is

Alliance Insurance PSC had no long-term debt ⁽¹⁾.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Alliance Insurance PSC's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Mar. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	0)	/	95.06
	=	0.00

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.

Alliance Insurance PSC (DFM:ALLIANCE) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Alliance Insurance PSC has the Financial Strength Rank of 6.

Alliance Insurance PSC Financial Strength Related Terms

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Alliance Insurance PSC (DFM:ALLIANCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Alliance Insurance PSC (DFM:ALLIANCE) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Baker Siddique Road, P.O. Box: 5501, 2nd and 3rd Floor, Elegant Warba Centre, Deira, Dubai, ARE

Website

https://www.alliance-uae.com

Alliance Insurance PSC is a provider of short term and long term insurance services to individuals, corporations and government bodies. The company is organized into two business segments: Property and liability insurance segment that comprises of property, motor, aviation, marine, fire, engineering, medical, and general accidents; and Insurance of persons and fund accumulation operations segment.