CNO Financial Group (CNO Financial Group) Debt-to-EBITDA

: 5.81 (As of Dec. 2023)

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

CNO Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. CNO Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,151 Mil. CNO Financial Group's annualized EBITDA for the quarter that ended in Dec. 2023 was $715 Mil. CNO Financial Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.81.

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

CNO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.23 Med: 5.32 Max: 22.46
Current: 4.81

During the past 13 years, the highest Debt-to-EBITDA Ratio of CNO Financial Group was 22.46. The lowest was 3.23. And the median was 5.32.

CNO's Debt-to-EBITDA is ranked worse than
85.57% of 291 companies
in the Insurance industry
Industry Median: 1.49 vs CNO: 4.81

CNO Financial Group Debt-to-EBITDA Historical Data

The historical data trend for CNO Financial 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.

CNO Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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5.45

5.19

3.76

3.23

4.81

CNO Financial Group 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															6.06	8.47	4.53	3.01	5.81

Competitive Comparison

For the Insurance - Life subindustry, CNO Financial 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.

CNO Financial Group Debt-to-EBITDA Distribution

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

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

CNO Financial Group Debt-to-EBITDA Calculation

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

CNO Financial 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	+	4150.6)	/	862.8
	=	4.81

CNO Financial 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	+	4150.6)	/	714.8
	=	5.81

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.

CNO Financial Group (NYSE:CNO) 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.

CNO Financial Group Debt-to-EBITDA Related Terms

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

CNO Financial Group (CNO Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CNO Financial Group Inc (NYSE:CNO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

COS:Germany

Address

11825 N. Pennsylvania Street, Carmel, IN, USA, 46032

Website

https://www.cnoinc.com

CNO Financial Group Inc is a holding company for a group of insurance companies that offers middle-income American consumers insurance and securities products through exclusive agents, independent producers, and direct marketing. Consumers are served through the phone, online, mail, face-to-face with agents, or sales channels. The company's operating segments include annuity, health, and life insurance product lines as well as the investment and fee revenue segments. Maximum revenue is generated from the health product line segment. Annuity premiums account for the majority of the total premiums collected. Annuity products include fixed index annuities, traditional fixed-rate annuities, and single-premium immediate annuity products.

Executives

Jeanne L. Linnenbringer	officer: EVP and COO	11825 N. PENNSYLVANIA ST., CARMEL IN 46032
Tarasi Rocco F Iii	officer: Chief Marketing Officer	C/O ITT EDUCATIONAL SERVICES INC, 13000 NORTH MERIDIAN STREET, CARMEL IN 46032
John R Kline	officer: SVP & CAO	11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Yvonne K Franzese	officer: EVP and Chief HR Officer	200 LAKE STREET EAST, WAYZATA MN 55391
Karen Detoro	officer: Chief Actuary and CRO	C/O CNO FINANCIAL GROUP, INC., 11825 NORTH PENNSYLVANIA STREET, CARMEL IN 46032
Scott L. Goldberg	officer: President, Consumer Division	11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Gary C Bhojwani	director, officer: Chief Executive Officer	1 HORMEL PLACE, AUSTIN MN 55912
Steven E Shebik	director	2775 SANDERS ROAD, NORTHBROOK IL 60062
Brown Archie M Jr	director	255 E FIFTH STREET, CINCINNATI OH 45202
Adrianne Lee	director	799 WEST COLISEUM WAY, MIDVALE UT 84047
Matthew J. Zimpfer	officer: EVP and General Counsel	11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Michael E. Mead	officer: EVP and CIO	11825 N. PENNSYLVANIA ST., CARMEL IN 46032
Frederick James Sievert	director	260 SOUTH LAKE DRIVE, STAMFORD CT 06903
Chetlur S Ragavan	director	230 PARK AVENUE, NEW YORK NY 10169
Dan Maurer	director	C/O ZAGG INC., 3855 SOUTH 500 WEST, SUITE N, SALT LAKE CITY UT 84115