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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. Lemonade's EBIT for the three months ended in Mar. 2024 was $0.0 Mil. Lemonade's Interest Expense for the three months ended in Mar. 2024 was $-1.5 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 Lemonade's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Lemonade'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.
Lemonade Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
Lemonade 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 | - | - | - | - | - |
For the Insurance - Property & Casualty subindustry, Lemonade'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.
For the Insurance industry and Financial Services sector, Lemonade's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Lemonade's Interest Coverage falls into.
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.
Lemonade'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, Lemonade's Interest Expense was $-4.2 Mil. Its EBIT was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $43.1 Mil.
Lemonade's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Lemonade's Interest Expense was $-1.5 Mil. Its EBIT was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $54.2 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.
Lemonade (NYSE:LMND) 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 .
Thank you for viewing the detailed overview of Lemonade's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
John Sheldon Peters | officer: Chief Insurance Officer | C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013 |
Timothy E Bixby | officer: Chief Financial Officer | C/O SHUTTERSTOCK, 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118 |
Alex Clavel | 10 percent owner | PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102 |
Michael A Eisenberg | director, 10 percent owner | C/O SHOPPING.COM, 8000 MARINA BLVD. 5TH FLOOR, BRISBANE CA 94005 |
Adina Eckstein | officer: Chief Operating Officer | C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013 |
Irina Novoselsky | director | C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013 |
Silvija Martincevic | director | C/O AFFIRM HOLDINGS, INC., 650 CALIFORNIA STREET, SAN FRANCISCO CA 94108 |
Becker Caryn Seidman | director | 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022 |
Jorge Espinel | officer: CBDO | C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013 |
George Thompson Hutton | director | C/O WHITE MOUNTAINS INSURANCE GROUP, LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755 |
Joel E Cutler | director | C/O GENERAL CATALYST PARTNERS, 20 UNIVERSITY ROAD, SUITE 450, CAMBRIDGE MA 02138 |
Daniel A. Schreiber | director, 10 percent owner, officer: Co-Founder & CEO | C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013 |
Shai Wininger | director, 10 percent owner, officer: See Remarks | C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013 |
Haim Sadger | director | C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025 |
Sequoia Capital Israel Venture V Principals Fund, L.p. | 10 percent owner | 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025 |
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