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Enact Holdings Debt-to-EBITDA

: 0.68 (As of Jun. 2022)
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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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 740.416) / 746.225
=0.99

Enact Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 741.602) / 1094.692
=0.68

* 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.


Enact Holdings  (NAS:ACT) 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.


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 Business Description

Enact Holdings logo
Traded in Other Exchanges
N/A
Address
8325 Six Forks Road, Raleigh, NC, USA, 27615
Website
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.
Executives
Bless Michael A director C/O ROCKWELL INTERNATIONAL INC 777 E. WISCONSIN AVE #1400 MILWAUKEE WI 53202
Sheehan Daniel J Iv director 6620 WEST BROAD STREET RICHMOND VA 23230
Mitchell Hardin Dean officer: EVP, CFO and Treasurer 8325 SIX FORKS ROAD RALEIGH NC 27615
Gould Brian officer: EVP & Chief Operations Officer 8325 SIX FORKS ROAD RALEIGH NC 27615
Derstine Michael officer: EVP and Chief Risk Officer 8325 SIX FORKS ROAD RALEIGH NC 27615
Stolove Evan officer: EVP, Gen. Counsel & Secretary 8325 SIX FORKS ROAD RALEIGH NC 27615
Mcmullen James officer: Controller C/O GENWORTH MORTGAGE HOLDINGS, INC. 8325 SIX FORKS ROAD RALEIGH NC 27615
Genworth Holdings, Inc. 10 percent owner 6620 WEST BROAD STREET RICHMOND VA 23230
Gupta Rohit director, officer: President and CEO C/O GENWORTH FINANCIAL, INC. 6620 WEST BROAD STREET RICHMOND VA 23230
Waleski Anne G director 1508 WEST AVENUE RICHMOND VA 23220
Thompson Westley V director THE PHOENIX COMPANIES, INC. ONE AMERICAN ROW HARTFORD CT 06102
Mcinerney Thomas J director 6620 WEST BROAD STREET RICHMOND VA 23230
Still Debra director 520 MADISON AVE, 32ND FL C/O CHIMERA INVESTMENT CORPORATION NEW YORK NY 10022
Hooda Sheila director C/O VIRTUS INVESTMENT PARTNERS, INC. 100 PEARL STREET HARTFORD CT 06103
Fisk John D director C/O AGNC INVESTMENT CORP. 2 BETHESDA METRO CENTER, 12TH FLOOR BETHESDA MD 20814

Enact Holdings Headlines

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