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Oscar Health (Oscar Health) Debt-to-EBITDA : -0.55 (As of Dec. 2023)


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What is Oscar Health Debt-to-EBITDA?

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

Oscar Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Oscar Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $299 Mil. Oscar Health's annualized EBITDA for the quarter that ended in Dec. 2023 was $-547 Mil. Oscar Health's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.55.

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 Oscar Health's Debt-to-EBITDA or its related term are showing as below:

OSCR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.41   Med: -0.52   Max: -0.36
Current: -1.41

During the past 5 years, the highest Debt-to-EBITDA Ratio of Oscar Health was -0.36. The lowest was -1.41. And the median was -0.52.

OSCR's Debt-to-EBITDA is ranked worse than
100% of 15 companies
in the Healthcare Plans industry
Industry Median: 2.47 vs OSCR: -1.41

Oscar Health Debt-to-EBITDA Historical Data

The historical data trend for Oscar Health'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.

Oscar Health Debt-to-EBITDA Chart

Oscar Health Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
- -0.36 - -0.52 -1.41

Oscar Health Quarterly Data
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 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 -0.34 -2.81 109.54 -1.51 -0.55

Competitive Comparison of Oscar Health's Debt-to-EBITDA

For the Healthcare Plans subindustry, Oscar Health'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.


Oscar Health's Debt-to-EBITDA Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Oscar Health's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Oscar Health's Debt-to-EBITDA falls into.



Oscar Health Debt-to-EBITDA Calculation

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

Oscar Health'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 + 298.777) / -212.003
=-1.41

Oscar Health'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 + 298.777) / -546.74
=-0.55

* 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. 2023) EBITDA data.


Oscar Health  (NYSE:OSCR) 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.


Oscar Health Debt-to-EBITDA Related Terms

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


Oscar Health (Oscar Health) Business Description

Traded in Other Exchanges
N/A
Address
75 Varick Street, 5th Floor, New York, NY, USA, 10013
Oscar Health Inc is a health insurance company. The company provides various insurance plans for individuals, families, and employees. Also, the company provides virtual care, doctor support, scheduling appointments, and other related services. The company provides plans in the Medicare Advantage program to adults who are age 65 and older and eligible for traditional Medicare but who instead select coverage through a private market plan.
Executives
Alessandrea C. Quane officer: EVP, Chief Insurance Officer 175 WATER STREET, NEW YORK NY 10038
Richard Scott Blackley officer: Chief Financial Officer 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ranmali Bopitiya officer: EVP & Chief Legal Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Victoria Baltrus officer: Chief Accounting Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Mario Schlosser director, officer: Chief Executive Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Sid Sankaran director, officer: Chief Financial Officer 180 MAIDEN LANE, NEW YORK NY 10038
Alphabet Inc. 10 percent owner 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Mark T Bertolini director, officer: Chief Executive Officer AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156
William Gassen director 75 VARICK STREET, 5TH FLOOR, NEW YORK CITY NY 10013
Laura W Lang director DIGITAS INC., 800 BOYLSTON STREET, BOSTON MA 02199
Dennis Weaver officer: Chief Clinical Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Meghan V. Joyce officer: Chief Operating Officer THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Thrive Partners Vii Growth Gp, Llc 10 percent owner 295 LAFAYETTE STREET, NEW YORK NY 10012
Joshua Kushner director, 10 percent owner, officer: See Remarks C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Thrive Partners Vii Gp, Llc 10 percent owner 295 LAFAYETTE STREET, NEW YORK NY 10012