Admiral Group (LSE:ADM) Debt-to-EBITDA

: 2.39 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

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

Admiral Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0 Mil. Admiral Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £1,211 Mil. Admiral Group's annualized EBITDA for the quarter that ended in Dec. 2023 was £508 Mil. Admiral Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.39.

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

LSE:ADM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.51 Med: 0.89 Max: 2.47
Current: 2.32

During the past 13 years, the highest Debt-to-EBITDA Ratio of Admiral Group was 2.47. The lowest was 0.51. And the median was 0.89.

LSE:ADM's Debt-to-EBITDA is ranked worse than
64.04% of 292 companies
in the Insurance industry
Industry Median: 1.5 vs LSE:ADM: 2.32

Admiral Group Debt-to-EBITDA Historical Data

The historical data trend for Admiral 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.

Admiral Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

1.19

0.91

0.98

2.47

2.32

Admiral Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA																1.36	1.94	3.08	2.37	2.39

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Admiral 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.

Admiral Group Debt-to-EBITDA Distribution

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

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

Admiral Group Debt-to-EBITDA Calculation

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

Admiral 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
	=	(0	+	1211)	/	522
	=	2.32

Admiral Group'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	+	1211)	/	507.6
	=	2.39

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 (Dec. 2023) EBITDA data.

Admiral Group (LSE:ADM) 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.

Admiral Group Debt-to-EBITDA Related Terms

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

Admiral Group (LSE:ADM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Admiral Group PLC (LSE:ADM) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

AMIGY:USA ADMl:UK FLN:Germany

Address

David Street, Ty Admiral, Cardiff, GBR, CF10 2EH

Website

https://www.admiralgroup.co.uk

Admiral is a personal lines insurance company that operates predominantly in the United Kingdom. The business is mainly a motor insurer, with U.K. motor and international cars accounting for the majority of Admiral's gross written premium. The business also has a nascent but growing U.K. household insurance division. Admiral was established in 1993 to sell motor insurance to nonstandard risk policyholders. These nonstandard risks included younger drivers, female drivers, drivers wanting to pay by credit card, and drivers based in London. Over the years, Admiral has continued to expand its wheelhouse of nonstandard risk selection.