Hamilton Insurance Group (Hamilton Insurance Group) Interest Coverage : 49.69 (As of Mar. 2024)

Hamilton Insurance Group Interest Coverage Chart

Hamilton Insurance Group Quarterly Data
	Nov20	Nov21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial					10.87	9.52	11.41	19.68	49.69

Competitive Comparison of Hamilton Insurance Group's Interest Coverage

For the Insurance - Reinsurance subindustry, Hamilton Insurance Group'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.

Hamilton Insurance Group's Interest Coverage Distribution in the Insurance Industry

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

* The bar in red indicates where Hamilton Insurance Group's Interest Coverage falls into.

Hamilton Insurance Group 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

Else if Interest Expense is negative and EBIT is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Hamilton Insurance Group'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, Hamilton Insurance Group's Interest Expense was $-21 Mil. Its EBIT was $277 Mil. And its Long-Term Debt & Capital Lease Obligation was $150 Mil.

Hamilton Insurance Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Hamilton Insurance Group's Interest Expense was $-6 Mil. Its EBIT was $284 Mil. And its Long-Term Debt & Capital Lease Obligation was $150 Mil.

* 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.

Hamilton Insurance Group  (NYSE:HG) 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 .

Hamilton Insurance Group Interest Coverage Related Terms

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Hamilton Insurance Group (Hamilton Insurance Group) Business Description