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National General Holdings (National General Holdings) Debt-to-EBITDA : 0.93 (As of Dec. 2020)


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What is National General Holdings Debt-to-EBITDA?

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

National General Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $140.00 Mil. National General Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $536.81 Mil. National General Holdings's annualized EBITDA for the quarter that ended in Dec. 2020 was $725.45 Mil. National General Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2020 was 0.93.

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

NGHCO.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.83   Med: 1.81   Max: 2.27
Current: 0.83

During the past 10 years, the highest Debt-to-EBITDA Ratio of National General Holdings was 2.27. The lowest was 0.83. And the median was 1.81.

NGHCO.PFD's Debt-to-EBITDA is not ranked
in the Insurance industry.
Industry Median: 1.49 vs NGHCO.PFD: 0.83

National General Holdings Debt-to-EBITDA Historical Data

The historical data trend for National General 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.

National General Holdings Debt-to-EBITDA Chart

National General Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.07 2.27 1.97 1.24 0.87

National General Holdings Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 1.21 1.06 0.66 0.97 0.93

Competitive Comparison of National General Holdings's Debt-to-EBITDA

For the Insurance - Property & Casualty subindustry, National General 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.


National General Holdings's Debt-to-EBITDA Distribution in the Insurance Industry

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

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



National General Holdings Debt-to-EBITDA Calculation

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

National General Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2020 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(140 + 536.81) / 775.135
=0.87

National General Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2020 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(140 + 536.81) / 725.448
=0.93

* 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 (Dec. 2020) EBITDA data.


National General Holdings  (NAS:NGHCO.PFD) 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.


National General Holdings Debt-to-EBITDA Related Terms

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


National General Holdings (National General Holdings) Business Description

Traded in Other Exchanges
N/A
Address
59 Maiden Lane, 38th Floor, New York, NY, USA, 10038
National General Holdings Corp is a specialty personal lines insurance holding company. It provides a variety of insurance products, including personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, lender-placed, supplemental health and other niche insurance products. The company sells insurance products with a focus on underwriting profitability through a combination of its customized and predictive analytics and its technology is driven low-cost infrastructure. The company manages its business through two segments, the Property and Casualty segment and Accident and Health segment.
Executives
John Drake Nichols director C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Lawrence J. Moloney officer: Chief Accounting Officer C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
John Marshaleck director 48 PAR LA VILLE ROAD, SUITE 1141, HAMILTON D0 HM11
Ephraim Brecher director C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Peter A. Rendall officer: COO and Treasurer C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Michael Hal Weiner officer: Chief Financial Officer C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Howard Zuckerman director 6 SANDS POINT RD, MONSEY NY 10952
Byron Storms officer: President - P&C C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Michael Francis Murphy officer: Executive Vice President C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Leah Karfunkel 10 percent owner C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Donald Bolar officer: Chief Accounting Officer C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Amtrust International Insurance Ltd 10 percent owner SUITE 102 WASHINGTON MALL, 7 REID STREET, HAMILTON D0 HM11
Thomas Newgarden officer: Executive Vice President C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Jeffrey Weissmann officer: General Counsel & Secretary C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Robert Karfunkel officer: Executive Vice President C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038

National General Holdings (National General Holdings) Headlines

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