GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CIG Pannonia Life Insurance OJSC (FRA:0CKA) » Definitions » Financial Strength

CIG Pannonia Life Insurance OJSC (FRA:0CKA) Financial Strength : 5 (As of Mar. 2024)


View and export this data going back to 2010. Start your Free Trial

What is CIG Pannonia Life Insurance OJSC Financial Strength?

CIG Pannonia Life Insurance OJSC 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.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

CIG Pannonia Life Insurance OJSC did not have earnings to cover the interest expense. CIG Pannonia Life Insurance OJSC's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.01. Altman Z-Score does not apply to banks and insurance companies.


CIG Pannonia Life Insurance OJSC 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:

CIG Pannonia Life Insurance OJSC's Interest Expense for the months ended in Mar. 2024 was €-1.43 Mil. Its Operating Income for the months ended in Mar. 2024 was €0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.74 Mil.

CIG Pannonia Life Insurance OJSC'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.

CIG Pannonia Life Insurance OJSC'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 + 0.74) / 144.648
=0.01

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.


CIG Pannonia Life Insurance OJSC  (FRA:0CKA) 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.

CIG Pannonia Life Insurance OJSC has the Financial Strength Rank of 5.


CIG Pannonia Life Insurance OJSC Financial Strength Related Terms

Thank you for viewing the detailed overview of CIG Pannonia Life Insurance OJSC's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


CIG Pannonia Life Insurance OJSC (FRA:0CKA) Business Description

Traded in Other Exchanges
Address
11 Könyves Kálmán Krt, Building B, Népliget Center Business Center, Budapest, HUN, 1097
CIG Pannonia Life Insurance OJSC is an insurance company. It mainly sells various insurance products including unit-linked life insurance, term life insurance, endowment insurance, health insurance, casco, freight liability and suretyship insurance and also offers investment fund management and portfolio management. The company carries its activities in Hungary, Romania, Slovakia, Poland, Lithuania, and Italy. In addition, the company sells riders and non-life insurance products.