Aegon (AEGOF) Debt-to-EBITDA

: -10.69 (As of Dec. 2023)

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

Aegon's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Aegon's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,361 Mil. Aegon's annualized EBITDA for the quarter that ended in Dec. 2023 was $-502 Mil. Aegon's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -10.69.

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

AEGOF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -8.99 Med: 5.93 Max: 65.52
Current: -8.99

During the past 13 years, the highest Debt-to-EBITDA Ratio of Aegon was 65.52. The lowest was -8.99. And the median was 5.93.

AEGOF's Debt-to-EBITDA is ranked worse than
100% of 291 companies
in the Insurance industry
Industry Median: 1.49 vs AEGOF: -8.99

Aegon Debt-to-EBITDA Historical Data

The historical data trend for Aegon'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.

Aegon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

3.70

65.52

4.65

6.65

-8.99

Aegon Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA																32.04	8.68	10.36	-8.51	-10.69

Competitive Comparison

For the Insurance - Diversified subindustry, Aegon'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.

Aegon Debt-to-EBITDA Distribution

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

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

Aegon Debt-to-EBITDA Calculation

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

Aegon'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	+	5360.96)	/	-596.511
	=	-8.99

Aegon'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	+	5360.96)	/	-501.636
	=	-10.69

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 two times the quarterly (Dec. 2023) EBITDA data.

Aegon (OTCPK:AEGOF) 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.

Aegon Debt-to-EBITDA Related Terms

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

Aegon (AEGOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aegon Ltd (OTCPK:AEGOF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

AEG:USA AGN:Netherlands AGNa:UK 0Q0Y:UK J060:Germany AEGN:Austria AEG:Argentina

Address

Aegonplein 50, P.O. Box 85, The Hague, ZH, NLD, 2591 TV

Website

https://www.aegon.com

Aegon Ltd is a life insurance and long-term savings company listed in the Netherlands. It listed on the Amsterdam Stock Exchange in the 1980s and now has mature operations in the United States, United Kingdom, and four growth markets of Brazil, China, Portugal, and Spain. Over recent years, Aegon has been moving through a substantial transformation program where management has sought to divest noncore operations and improve the risk profile of the business by separating the company into strategic and financial assets. Financial assets are the parts of the business that are now being run down. Here, Aegon is looking to cycle out of highly capital-consumptive and volatile earnings products and recycle funds into capital-light and more predictable strategic business groups.