Legal & General Group (LSE:LGEN) Debt-to-EBITDA : 6.09 (As of Jun. 2024)

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What is Legal & General Group Debt-to-EBITDA?

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

Legal & General Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £49 Mil. Legal & General Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £6,093 Mil. Legal & General Group's annualized EBITDA for the quarter that ended in Jun. 2024 was £1,008 Mil. Legal & General Group's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 6.09.

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 Legal & General Group's Debt-to-EBITDA or its related term are showing as below:

LSE:LGEN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.75 Med: 2.18 Max: 17.01
Current: 17.01

During the past 13 years, the highest Debt-to-EBITDA Ratio of Legal & General Group was 17.01. The lowest was 1.75. And the median was 2.18.

LSE:LGEN's Debt-to-EBITDA is ranked worse than
92.9% of 352 companies
in the Asset Management industry
Industry Median: 1.41 vs LSE:LGEN: 17.01

Legal & General Group Debt-to-EBITDA Historical Data

The historical data trend for Legal & General Group'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.

Legal & General Group Debt-to-EBITDA Chart

Legal & General Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.06

3.11

1.86

4.41

14.47

Legal & General Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-EBITDA	Get a 7-Day Free Trial															3.29	8.79	4.90	-21.40	6.09

Competitive Comparison of Legal & General Group's Debt-to-EBITDA

For the Asset Management subindustry, Legal & General Group'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.

Legal & General Group's Debt-to-EBITDA Distribution in the Asset Management Industry

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

* The bar in red indicates where Legal & General Group's Debt-to-EBITDA falls into.

Legal & General Group Debt-to-EBITDA Calculation

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

Legal & General Group'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
	=	(269	+	5851)	/	423
	=	14.47

Legal & General Group'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
	=	(49	+	6093)	/	1008
	=	6.09

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.

Legal & General Group (LSE:LGEN) 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.

Legal & General Group Debt-to-EBITDA Related Terms

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

Legal & General Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legal & General Group PLC (LSE:LGEN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

LGGNY:USA LGGNF:USA LGENl:UK LGI0:Germany LGI:Germany LGI:Germany

Address

One Coleman Street, London, GBR, EC2R 5AA

Website

https://www.legalandgeneralgroup.com

Legal & General Group PLC operates across four broad business areas of retirement, investment management, capital investment, and Retail. The retirement business provides guaranteed retirement income for corporate pension scheme members. The Investment Management business provides investment management services for both individuals and corporations, including managing pension funds. Capital investment uses customers' pension assets, as well as the group's shareholder capital, to make long-term investments in assets such as clean energy, housing, and SME finance. The Retail business provides of UK retail retirement and protection solutions and US brokerage term life insurance. The majority of its assets under management are derived from the United Kingdom and Europe.

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