Axis Capital Holdings (Axis Capital Holdings) Debt-to-EBITDA

: -2.47 (As of Dec. 2023)

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

Axis Capital Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Axis Capital Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,523 Mil. Axis Capital Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $-617 Mil. Axis Capital Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -2.47.

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

AXS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.88 Med: 2.32 Max: 123.79
Current: 2.81

During the past 13 years, the highest Debt-to-EBITDA Ratio of Axis Capital Holdings was 123.79. The lowest was -4.88. And the median was 2.32.

AXS's Debt-to-EBITDA is ranked worse than
70.79% of 291 companies
in the Insurance industry
Industry Median: 1.49 vs AXS: 2.81

Axis Capital Holdings Debt-to-EBITDA Historical Data

The historical data trend for Axis Capital 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.

Axis Capital Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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4.00

123.79

1.84

4.00

2.81

Axis Capital Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															3.37	1.63	1.82	1.47	-2.47

Competitive Comparison

For the Insurance - Specialty subindustry, Axis Capital 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.

Axis Capital Holdings Debt-to-EBITDA Distribution

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

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

Axis Capital Holdings Debt-to-EBITDA Calculation

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

Axis Capital Holdings'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	+	1522.605)	/	542.418
	=	2.81

Axis Capital Holdings'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	+	1522.605)	/	-616.6
	=	-2.47

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. 2023) EBITDA data.

Axis Capital Holdings (NYSE:AXS) 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.

Axis Capital Holdings Debt-to-EBITDA Related Terms

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

Axis Capital Holdings (Axis Capital Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Axis Capital Holdings Ltd (NYSE:AXS) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

AXSpE.PFD:USA AXV:Germany

Address

92 Pitts Bay Road, Pembroke, BMU, HM 08

Website

https://www.axiscapital.com

Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.

Executives

Henry B Smith	director	C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Daniel J Draper	officer: Grp Chief Underwriting Officer	52 LIME STREET, LONDON X0 EC3M 7AF
Vincent C Tizzio	officer: CEO, Specialty Ins. and Re.	C/O THE NAVIGATORS GROUP, INC., 6 INTERNATIONAL DRIVE, RYE BROOK NY 10573
Axel Theis	director	92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Michael Millegan	director	C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Charles A Davis	director	1 CAPE MAY ST, 1 CAPE MAY ST, HARRISON NJ 07029
Thomas C. Ramey	director	C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
W Marston Becker	director	C/O ALTERRA HOUSE, 2 FRONT STREET, HAMILTON D0 HM11
Anne Melissa Dowling	director	9965 FEDERAL DRIVE, COLORADO SPRINGS CO 80921
Albert Benchimol	officer: Chief Financial Officer & EVP	AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE BERMUDA D0 HM 08
Michael A Butt	director, officer: Chairman	AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Peter Vogt	officer: EVP and CFO	1211 AVENUE OF THE AMERICAS, 24TH FLOOR, NEW YORK NY 10036
Lizabeth H Zlatkus	director	ONE HARTFORD PLAZA, HARTFORD CT 06155
Kent W Ziegler	officer: Principal Acct Off, Controller	199 WATER STREET, 24TH FLOOR, NEW YORK NY 10038
Elanor Hardwick	director	C/O AXIS CAPITAL HOLDINGS LIMITED, AXIS HOUSE, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08