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Munchener Ruckversicherungs-Gesellschaft AG (Munchener Ruckversicherungs-Gesellschaft AG) Debt-to-EBITDA : 1.65 (As of Dec. 2023)


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What is Munchener Ruckversicherungs-Gesellschaft AG Debt-to-EBITDA?

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

Munchener Ruckversicherungs-Gesellschaft AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Munchener Ruckversicherungs-Gesellschaft AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,140 Mil. Munchener Ruckversicherungs-Gesellschaft AG's annualized EBITDA for the quarter that ended in Dec. 2023 was $3,110 Mil. Munchener Ruckversicherungs-Gesellschaft AG's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.65.

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 Munchener Ruckversicherungs-Gesellschaft AG's Debt-to-EBITDA or its related term are showing as below:

MURGF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.49   Med: 1.46   Max: 8.97
Current: 0.81

During the past 13 years, the highest Debt-to-EBITDA Ratio of Munchener Ruckversicherungs-Gesellschaft AG was 8.97. The lowest was 0.49. And the median was 1.46.

MURGF's Debt-to-EBITDA is ranked better than
66.21% of 293 companies
in the Insurance industry
Industry Median: 1.49 vs MURGF: 0.81

Munchener Ruckversicherungs-Gesellschaft AG Debt-to-EBITDA Historical Data

The historical data trend for Munchener Ruckversicherungs-Gesellschaft AG'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.

Munchener Ruckversicherungs-Gesellschaft AG Debt-to-EBITDA Chart

Munchener Ruckversicherungs-Gesellschaft AG 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 1.43 3.71 1.78 0.49 0.77

Munchener Ruckversicherungs-Gesellschaft AG 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 0.81 0.67 0.75 0.67 1.65

Competitive Comparison of Munchener Ruckversicherungs-Gesellschaft AG's Debt-to-EBITDA

For the Insurance - Reinsurance subindustry, Munchener Ruckversicherungs-Gesellschaft AG'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.


Munchener Ruckversicherungs-Gesellschaft AG's Debt-to-EBITDA Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Munchener Ruckversicherungs-Gesellschaft AG's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Munchener Ruckversicherungs-Gesellschaft AG's Debt-to-EBITDA falls into.



Munchener Ruckversicherungs-Gesellschaft AG Debt-to-EBITDA Calculation

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

Munchener Ruckversicherungs-Gesellschaft AG'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 + 5139.586) / 6703.38
=0.77

Munchener Ruckversicherungs-Gesellschaft AG'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 + 5139.586) / 3110.14
=1.65

* 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.


Munchener Ruckversicherungs-Gesellschaft AG  (OTCPK:MURGF) 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.


Munchener Ruckversicherungs-Gesellschaft AG Debt-to-EBITDA Related Terms

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


Munchener Ruckversicherungs-Gesellschaft AG (Munchener Ruckversicherungs-Gesellschaft AG) Business Description

Address
Koniginstrasse 107, Munich, BY, DEU, 80802
Munich Re was founded in 1880 by Carl Thieme amid a flurry of other reinsurance companies set up independent of primaries. In those early days, most reinsurers typically focussed on a few customers with strong reputations. Thieme focussed on a broader set of cedents in order to drive stronger growth in premiums. This coincided with a strategy of risk diversification and a preference to partner rather than take on a one-sided transfer of risk. In the 1890s, Munich introduced the first machinery insurance. After Thieme and Fink founded Allianz, this was the main channel to sell insurance on machinery. We think the approach of partnering with insurers and preferring to avoid one-sided risk, in conjunction with combining inspection and insurance services, remains at the heart of the firm.
Executives
Michael Kerner Board of Directors

Munchener Ruckversicherungs-Gesellschaft AG (Munchener Ruckversicherungs-Gesellschaft AG) Headlines

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