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Solidarity Bahrain BSC (BAH:SOLID) Debt-to-EBITDA : N/A (As of Dec. 2023)


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What is Solidarity Bahrain BSC Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Solidarity Bahrain BSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BHD0.17 Mil. Solidarity Bahrain BSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BHD0.03 Mil. Solidarity Bahrain BSC's annualized EBITDA for the quarter that ended in Dec. 2023 was BHD0.00 Mil.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Solidarity Bahrain BSC's Debt-to-EBITDA or its related term are showing as below:

BAH:SOLID's Debt-to-EBITDA is not ranked *
in the Insurance industry.
Industry Median: 1.415
* Ranked among companies with meaningful Debt-to-EBITDA only.

Solidarity Bahrain BSC Debt-to-EBITDA Historical Data

The historical data trend for Solidarity Bahrain BSC's Debt-to-EBITDA 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.

* Premium members only.

Solidarity Bahrain BSC Debt-to-EBITDA Chart

Solidarity Bahrain BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

Solidarity Bahrain BSC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

Competitive Comparison of Solidarity Bahrain BSC's Debt-to-EBITDA

For the Insurance - Diversified subindustry, Solidarity Bahrain BSC's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


Solidarity Bahrain BSC's Debt-to-EBITDA Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Solidarity Bahrain BSC's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Solidarity Bahrain BSC's Debt-to-EBITDA falls into.



Solidarity Bahrain BSC Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Solidarity Bahrain BSC's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.168 + 0.028) / N/A
=N/A

Solidarity Bahrain BSC's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.168 + 0.028) / 0
=N/A

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.


Solidarity Bahrain BSC  (BAH:SOLID) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Solidarity Bahrain BSC Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Solidarity Bahrain BSC's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Solidarity Bahrain BSC (BAH:SOLID) Business Description

Traded in Other Exchanges
N/A
Address
Road 2825, Block 428, PO Box 5282, Flat 71, Building 2080, 7th Floor, Seef Tower, Manama, BHR
Solidarity Bahrain BSC is engaged in providing insurance services in Bahrain. The company provides home protection plans, motor insurance, personal accident, medical insurance, travel insurance, yacht and pleasure boat insurance, and other products. It operates in the following business segments: i) Non-motor which includes fire, marine, general accident, liability, Aviation, and engineering lines of business, ii) Motor, iii) Medical iv) Group Life which includes group life and credit life business, and v) Family Takaful which includes long-term decreasing term and level term business.

Solidarity Bahrain BSC (BAH:SOLID) Headlines

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