M&G (CHIX:MNGL) Debt-to-EBITDA : 8.79 (As of Jun. 2024)

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What is M&G Debt-to-EBITDA?

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

M&G's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0 Mil. M&G's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £8,545 Mil. M&G's annualized EBITDA for the quarter that ended in Jun. 2024 was £972 Mil. M&G's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 8.79.

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 M&G's Debt-to-EBITDA or its related term are showing as below:

CHIX:MNGl' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.13 Med: 4.03 Max: 7.43
Current: 6.1

During the past 8 years, the highest Debt-to-EBITDA Ratio of M&G was 7.43. The lowest was -3.13. And the median was 4.03.

CHIX:MNGl's Debt-to-EBITDA is ranked worse than
79.83% of 352 companies
in the Asset Management industry
Industry Median: 1.41 vs CHIX:MNGl: 6.10

M&G Debt-to-EBITDA Historical Data

The historical data trend for M&G'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.

M&G Debt-to-EBITDA Chart

M&G Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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3.86

4.20

7.43

-3.13

6.57

M&G Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-EBITDA	Get a 7-Day Free Trial										-2.70	-3.98	10.90	4.63	8.79

Competitive Comparison of M&G's Debt-to-EBITDA

For the Asset Management subindustry, M&G'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.

M&G's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, M&G's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where M&G's Debt-to-EBITDA falls into.

M&G Debt-to-EBITDA Calculation

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

M&G'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	+	8476)	/	1291
	=	6.57

M&G's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	8545)	/	972
	=	8.79

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 two times the quarterly (Jun. 2024) EBITDA data.

M&G (CHIX:MNGl) 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.

M&G Debt-to-EBITDA Related Terms

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

M&G Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M&G PLC (CHIX:MNGl) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

MGPUF:USA MNG:UK 7MP:Germany 7MP:Germany 7MP:Germany

Address

10 Fenchurch Avenue, London, GBR, EC3M 5AG

Website

https://www.mandg.com

M&G PLC is a United Kingdom-based company engaged in the savings and investments business. It serves retail customers, who want to build and protect their life savings, and provides investment solutions. The company's reportable segment are Asset Management segment offers investment management to both wholesale and institutional clients. The Life segment operates in the savings and pensions market and includes corporate risk and individual and international solutions. The Wealth segment h provides access to a range of retirement, savings, and investment management solutions to its clients, and The Corporate Centre segment includes central corporate costs and debt costs.

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