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Sukoon Insurance PSJC (DFM:SUKOON) Debt-to-EBITDA : 0.22 (As of Mar. 2024)


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What is Sukoon Insurance PSJC Debt-to-EBITDA?

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

Sukoon Insurance PSJC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ86 Mil. Sukoon Insurance PSJC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ0 Mil. Sukoon Insurance PSJC's annualized EBITDA for the quarter that ended in Mar. 2024 was د.إ397 Mil. Sukoon Insurance PSJC's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 0.22.

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 Sukoon Insurance PSJC's Debt-to-EBITDA or its related term are showing as below:

DFM:SUKOON' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.08   Med: 1.1   Max: 3.43
Current: 0.28

During the past 13 years, the highest Debt-to-EBITDA Ratio of Sukoon Insurance PSJC was 3.43. The lowest was 0.08. And the median was 1.10.

DFM:SUKOON's Debt-to-EBITDA is ranked better than
80.94% of 299 companies
in the Insurance industry
Industry Median: 1.42 vs DFM:SUKOON: 0.28

Sukoon Insurance PSJC Debt-to-EBITDA Historical Data

The historical data trend for Sukoon Insurance PSJC'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.

Sukoon Insurance PSJC Debt-to-EBITDA Chart

Sukoon Insurance PSJC 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 0.08 0.39

Sukoon Insurance PSJC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 0.72 0.60 0.35 0.22

Competitive Comparison of Sukoon Insurance PSJC's Debt-to-EBITDA

For the Insurance - Diversified subindustry, Sukoon Insurance PSJC'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.


Sukoon Insurance PSJC's Debt-to-EBITDA Distribution in the Insurance Industry

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

* The bar in red indicates where Sukoon Insurance PSJC's Debt-to-EBITDA falls into.



Sukoon Insurance PSJC Debt-to-EBITDA Calculation

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

Sukoon Insurance PSJC'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
=(86 + 24.788) / 286.108
=0.39

Sukoon Insurance PSJC's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(86 + 0) / 396.8
=0.22

* 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 (Mar. 2024) EBITDA data.


Sukoon Insurance PSJC  (DFM:SUKOON) 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.


Sukoon Insurance PSJC Debt-to-EBITDA Related Terms

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


Sukoon Insurance PSJC (DFM:SUKOON) Business Description

Traded in Other Exchanges
N/A
Address
Omar Bin Al Khattab Street, Next to Al Ghurair Mall P.O. Box 5209, Deira, Dubai, ARE
Oman Insurance Co PSC provides insurance services. The group is organized into three business segments, General Insurance, Life Insurance, and Investments. The General Insurance segment comprises property, engineering, energy, motor, general accident, aviation, and marine risks. Its Life Insurance segment includes individual life, medical, group life and, personal accident as well as investment-linked products. The investment comprises investments (financial and non-financial), deposits with banks and, cash management.

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