PartnerRe (PartnerRe) Debt-to-EBITDA : 2.19 (As of Dec. 2020)

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What is PartnerRe Debt-to-EBITDA?

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

PartnerRe's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $0.00 Mil. PartnerRe's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $1,974.73 Mil. PartnerRe's annualized EBITDA for the quarter that ended in Dec. 2020 was $903.45 Mil. PartnerRe's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2020 was 2.19.

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

PREpF.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -52.77 Med: 1.21 Max: 7.91
Current: 7.91

During the past 13 years, the highest Debt-to-EBITDA Ratio of PartnerRe was 7.91. The lowest was -52.77. And the median was 1.21.

PREpF.PFD's Debt-to-EBITDA is not ranked
in the Insurance industry.
Industry Median: 1.49 vs PREpF.PFD: 7.91

PartnerRe Debt-to-EBITDA Historical Data

The historical data trend for PartnerRe'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.

PartnerRe Debt-to-EBITDA Chart

PartnerRe Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-EBITDA

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2.36

5.69

-52.77

1.36

7.41

PartnerRe 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															-3.07	-0.77	1.34	2.09	2.19

Competitive Comparison of PartnerRe's Debt-to-EBITDA

For the Insurance - Reinsurance subindustry, PartnerRe'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.

PartnerRe's Debt-to-EBITDA Distribution in the Insurance Industry

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

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

PartnerRe Debt-to-EBITDA Calculation

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

PartnerRe'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
	=	(0	+	1974.731)	/	266.675
	=	7.41

PartnerRe'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
	=	(0	+	1974.731)	/	903.448
	=	2.19

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.

PartnerRe (NYSE:PREpF.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.

PartnerRe Debt-to-EBITDA Related Terms

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

PartnerRe (PartnerRe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PartnerRe Ltd (NYSE:PREpF.PFD) » Definitions » Debt-to-EBITDA

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PREpJ.PFD:USA

Address

90 Pitts Bay Road, Wellesley House South, Pembroke, BMU, HM 08

Website

https://www.partnerre.com

PartnerRe Ltd is a Bermuda-based holding company for international reinsurance groups, including Partner Reinsurance Company, Partner Reinsurance Europe SE, Partner Reinsurance Company of the U.S., and Partner Reinsurance Asia. PartnerRe reinsures risks include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines, mortality, longevity, accident and health, and alternative risk products. It operates through the following segments the P&C segment, the Specialty segment under the non-life division, and the Life and Health segment. PartnerRe derives the majority of its revenue from the non-life business division.