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W.R. Berkley WRB Interest coverage

Interest coverage at other companies

The Travelers Companies logo
The Travelers CompaniesTRV
22.4×+7.9×
Chubb logo
ChubbCB
19.4×+4.3×
Markel logo
MarkelMKL
12.9×+0.3×
Cincinnati Financial logo
Cincinnati FinancialCINF
65.8×+31.3×
Arthur J. Gallagher logo
Arthur J. GallagherAJG
4.2×-1.2×
Brown & Brown logo
Brown & BrownBRO
5.2×-2.9×

Other financials

Income statement

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Revenue$3.7B+4.0%
Net income$515.2M+23.4%
EPS (diluted)$1.31+26.0%

Balance sheet

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Cash & equivalents$2.3B+32.6%
Total debt$255.7M+14.8%
Total equity$9.7B+9.3%
Total assets$44.3B+7.2%

Cash flow

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Operating cash flow$667.9M-10.2%

Valuation

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Market cap$25.35B-8.0%
Enterprise value$23.32B-10.6%
P/E13.5×-2.4×
P/S1.7×-0.3×

Profitability

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Net margin12.6%+0.2pp

Returns & leverage

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Return on equity20.1%-0.6pp
Debt / equity0.0×

Questions, answered.

What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.