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Mutual Benefits Assurance (NSA:MBAS) Debt-to-EBITDA : 0.05 (As of Sep. 2023)


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What is Mutual Benefits Assurance Debt-to-EBITDA?

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

Mutual Benefits Assurance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₦0 Mil. Mutual Benefits Assurance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₦401 Mil. Mutual Benefits Assurance's annualized EBITDA for the quarter that ended in Sep. 2023 was ₦7,704 Mil. Mutual Benefits Assurance's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 0.05.

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 Mutual Benefits Assurance's Debt-to-EBITDA or its related term are showing as below:

NSA:MBAS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -18.01   Med: 1.14   Max: 3.14
Current: 0.22

During the past 8 years, the highest Debt-to-EBITDA Ratio of Mutual Benefits Assurance was 3.14. The lowest was -18.01. And the median was 1.14.

NSA:MBAS's Debt-to-EBITDA is ranked better than
84.56% of 298 companies
in the Insurance industry
Industry Median: 1.4 vs NSA:MBAS: 0.22

Mutual Benefits Assurance Debt-to-EBITDA Historical Data

The historical data trend for Mutual Benefits Assurance'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.

Mutual Benefits Assurance Debt-to-EBITDA Chart

Mutual Benefits Assurance Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-EBITDA
Get a 7-Day Free Trial 3.14 1.56 0.72 -0.47 0.09

Mutual Benefits Assurance Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23
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 0.05 0.31 -0.74 N/A 0.05

Competitive Comparison of Mutual Benefits Assurance's Debt-to-EBITDA

For the Insurance - Diversified subindustry, Mutual Benefits Assurance'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.


Mutual Benefits Assurance's Debt-to-EBITDA Distribution in the Insurance Industry

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

* The bar in red indicates where Mutual Benefits Assurance's Debt-to-EBITDA falls into.



Mutual Benefits Assurance Debt-to-EBITDA Calculation

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

Mutual Benefits Assurance's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 400.87) / 4370.879
=0.09

Mutual Benefits Assurance's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 400.87) / 7703.54
=0.05

* 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 (Sep. 2023) EBITDA data.


Mutual Benefits Assurance  (NSA:MBAS) 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.


Mutual Benefits Assurance Debt-to-EBITDA Related Terms

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


Mutual Benefits Assurance (NSA:MBAS) Business Description

Traded in Other Exchanges
N/A
Address
233 Ikorodu Road, Aret Adams House, Ilupeju, Lagos, NGA
Mutual Benefits Assurance PLC provides a range of insurance products and services in the areas of life assurance and general insurance. Its segment includes the Assurance business; Real estate and Microfinance. The company's offerings include group Auto Insurance, Health Insurance, Pure Investment Products, Anticipated Endowment, Mutual Annuity Products, and Investment Linked Schemes, among others.

Mutual Benefits Assurance (NSA:MBAS) Headlines

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