Debt-to-EBITDA measures a company's ability to pay off its debt.
Enact Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $0 Mil. Enact Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $742 Mil. Enact Holdings's annualized EBITDA for the quarter that ended in Jun. 2022 was $1,095 Mil.
Enact Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 was 0.68.
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 Enact Holdings's Debt-to-EBITDA or its related term are showing as below:
ACT'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.83 Med: 1.25 Max: 1.5
Current: 0.83
During the past 3 years, the highest Debt-to-EBITDA Ratio of Enact Holdings was 1.50. The lowest was 0.83. And the median was 1.25.
ACT's Debt-to-EBITDA is ranked better than 58.64% of 324
companies
in the Insurance industry
Industry Median: 1.10
vs ACT: 0.83
Enact Holdings Debt-to-EBITDA Historical Data
The historical data trend for Enact 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.
Enact Holdings Annual Data
Trend
Dec19
Dec20
Dec21
Debt-to-EBITDA
-
1.50
0.99
Enact Holdings Quarterly Data
Dec19
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-EBITDA
1.03
0.99
0.89
0.83
0.68
Competitive Comparison
For the Insurance - Specialty subindustry, Enact 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.
Enact Holdings Debt-to-EBITDA Distribution
For the Insurance industry and Financial Services sector, Enact Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Enact Holdings's Debt-to-EBITDA falls into.
Enact Holdings Debt-to-EBITDA Calculation
Debt-to-EBITDA measures a company's ability to pay off its debt.
Enact Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2021 is calculated as
* 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 (Jun. 2022) EBITDA data.
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.
Enact Holdings Debt-to-EBITDA Related Terms
Thank you for viewing the detailed overview of Enact Holdings's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.
Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance.
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