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Primerica has the Financial Strength Rank of 5.
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.Primerica's Interest Coverage for the quarter that ended in Mar. 2024 was 27.47. Primerica's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.68. Altman Z-Score does not apply to banks and insurance companies.
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:
Primerica's Interest Expense for the months ended in Mar. 2024 was $-7 Mil. Its Operating Income for the months ended in Mar. 2024 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,030 Mil.
Primerica's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Primerica'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 | + | 2030.431) | / | 2971.32 | |
= | 0.68 |
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.
Primerica (NYSE:PRI) 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.
Primerica has the Financial Strength Rank of 5.
Thank you for viewing the detailed overview of Primerica's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Alison S. Rand | officer: Executive VP and CFO | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Glenn J. Williams | officer: President | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Tracy Xiangyan Tan | officer: Executive VP, Finance | 5168 LONG ISLAND DR NW, ATLANTA GA 30327 |
Peter W. Schneider | officer: Exec. VP and General Counsel | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Addison John A. Jr. | director, officer: Co-Chief Executive Officer | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Gregory C. Pitts | officer: Executive VP and COO | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
P George Benson | director | NUTRITION 21, INC., 4 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
Amber Lynne Cottle | director | 3921 MILITARY ROAD NW, WASHINGTON DC 20015 |
Joel M. Babbit | director | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Sanjeev Dheer | director | 22 MURRAY HILL ROAD, SCARSDALE NY 10583 |
Barbara A. Yastine | director | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
William A. Kelly | officer: President of Subsidiary | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Robert F Mccullough | director | 1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 300309 |
C Saxby Chambliss | director | ONE ATLANTIC CENTER, 1201 WEST PEACHTREE STREET, SUITE 2800, ATLANTA GA 30309 |
Jeffrey S. Fendler | officer: President of Subsidiary | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
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