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Axis Capital Holdings 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.Axis Capital Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 16.72. Axis Capital Holdings's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.26. 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:
Axis Capital Holdings's Interest Expense for the months ended in Mar. 2024 was $-17 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 $1,519 Mil.
Axis Capital Holdings'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.
Axis Capital Holdings'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 | + | 1518.988) | / | 5773.78 | |
= | 0.26 |
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.
Axis Capital Holdings (NYSE:AXS) 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.
Axis Capital Holdings has the Financial Strength Rank of 6.
Thank you for viewing the detailed overview of Axis Capital Holdings's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Henry B Smith | director | C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08 |
Daniel J Draper | officer: Grp Chief Underwriting Officer | 52 LIME STREET, LONDON X0 EC3M 7AF |
Vincent C Tizzio | officer: CEO, Specialty Ins. and Re. | C/O THE NAVIGATORS GROUP, INC., 6 INTERNATIONAL DRIVE, RYE BROOK NY 10573 |
Axel Theis | director | 92 PITTS BAY ROAD, PEMBROKE D0 HM 08 |
Michael Millegan | director | C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054 |
Charles A Davis | director | 1 CAPE MAY ST, 1 CAPE MAY ST, HARRISON NJ 07029 |
Thomas C. Ramey | director | C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08 |
W Marston Becker | director | C/O ALTERRA HOUSE, 2 FRONT STREET, HAMILTON D0 HM11 |
Anne Melissa Dowling | director | 9965 FEDERAL DRIVE, COLORADO SPRINGS CO 80921 |
Albert Benchimol | officer: Chief Financial Officer & EVP | AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE BERMUDA D0 HM 08 |
Michael A Butt | director, officer: Chairman | AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08 |
Peter Vogt | officer: EVP and CFO | 1211 AVENUE OF THE AMERICAS, 24TH FLOOR, NEW YORK NY 10036 |
Lizabeth H Zlatkus | director | ONE HARTFORD PLAZA, HARTFORD CT 06155 |
Kent W Ziegler | officer: Principal Acct Off, Controller | 199 WATER STREET, 24TH FLOOR, NEW YORK NY 10038 |
Elanor Hardwick | director | C/O AXIS CAPITAL HOLDINGS LIMITED, AXIS HOUSE, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08 |
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