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Phoenix Group Holdings (LSE:PHNX) Debt-to-EBITDA : -3.22 (As of Jun. 2024)


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What is Phoenix Group Holdings Debt-to-EBITDA?

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

Phoenix Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £153 Mil. Phoenix Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £3,600 Mil. Phoenix Group Holdings's annualized EBITDA for the quarter that ended in Jun. 2024 was £-1,166 Mil. Phoenix Group Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was -3.22.

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 Phoenix Group Holdings's Debt-to-EBITDA or its related term are showing as below:

LSE:PHNX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -163.17   Med: 4.07   Max: 24.24
Current: -163.17

During the past 13 years, the highest Debt-to-EBITDA Ratio of Phoenix Group Holdings was 24.24. The lowest was -163.17. And the median was 4.07.

LSE:PHNX's Debt-to-EBITDA is ranked worse than
100% of 296 companies
in the Insurance industry
Industry Median: 1.085 vs LSE:PHNX: -163.17

Phoenix Group Holdings Debt-to-EBITDA Historical Data

The historical data trend for Phoenix Group Holdings'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.

Phoenix Group Holdings Debt-to-EBITDA Chart

Phoenix Group Holdings 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 4.01 2.79 21.84 -1.39 9.49

Phoenix Group Holdings 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 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 -1.62 -1.32 -14.09 3.54 -3.22

Competitive Comparison of Phoenix Group Holdings's Debt-to-EBITDA

For the Insurance - Life subindustry, Phoenix Group Holdings'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.


Phoenix Group Holdings's Debt-to-EBITDA Distribution in the Insurance Industry

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

* The bar in red indicates where Phoenix Group Holdings's Debt-to-EBITDA falls into.



Phoenix Group Holdings Debt-to-EBITDA Calculation

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

Phoenix Group Holdings'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
=(99 + 3867) / 418
=9.49

Phoenix Group Holdings'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
=(153 + 3600) / -1166
=-3.22

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


Phoenix Group Holdings  (LSE:PHNX) 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.


Phoenix Group Holdings Debt-to-EBITDA Related Terms

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


Phoenix Group Holdings Business Description

Traded in Other Exchanges
Address
20 Old Bailey, London, GBR, EC4M 7AN
Phoenix Group Holdings PLC is a British closed life assurance fund consolidator. Its main specialisation is the management and acquisition of closed life and pension funds. The company operates mainly in the United Kingdom. The brands of the group include Standard Life, SunLife, Phoenix Life, ReAssure, and Phoenix CIS.

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