Aviva (AIVAF) Debt-to-EBITDA

: 3.30 (As of Dec. 2023)

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

Aviva's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $851 Mil. Aviva's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8,475 Mil. Aviva's annualized EBITDA for the quarter that ended in Dec. 2023 was $2,830 Mil. Aviva's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.29.

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

AIVAF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -9.1 Med: 3.55 Max: 6.02
Current: 4

During the past 13 years, the highest Debt-to-EBITDA Ratio of Aviva was 6.02. The lowest was -9.10. And the median was 3.55.

AIVAF's Debt-to-EBITDA is ranked worse than
81.1% of 291 companies
in the Insurance industry
Industry Median: 1.49 vs AIVAF: 4.00

Aviva Debt-to-EBITDA Historical Data

The historical data trend for Aviva'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.

Aviva Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

2.44

4.20

6.02

-9.10

3.63

Aviva 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																9.22	-51.58	-3.96	4.53	3.30

Competitive Comparison

For the Insurance - Diversified subindustry, Aviva'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.

Aviva Debt-to-EBITDA Distribution

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

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

Aviva Debt-to-EBITDA Calculation

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

Aviva'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
	=	(850.633	+	8474.684)	/	2565.823
	=	3.63

Aviva'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
	=	(850.633	+	8474.684)	/	2830.38
	=	3.29

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.

Aviva (OTCPK:AIVAF) 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.

Aviva Debt-to-EBITDA Related Terms

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

Aviva (AIVAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aviva PLC (OTCPK:AIVAF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

AVVIY:USA AVl:UK AV.B.PFD:UK AV.A.PFD:UK AV.:UK GU81:Germany

Address

St Helen's, 1 Undershaft, London, GBR, EC3P 3DQ

Website

https://www.aviva.com

Aviva is a multiline insurer that is listed on the London Stock Exchange. The company traces its roots back to the 17th century with the establishment of Hand-in-Hand. After the Great Fire of London, this mutual was formed to provide protection against fires. Hand-in-Hand was then acquired by Commercial Union in 1905. Over the years, Hand-in-Hand insured London landmarks such as London Bridge, the British Museum, and the Palace in Lambeth. The life insurance part of Aviva began in the early part of the 18th century with the establishment of Amicable, again a mutual society but this time to protect widows and children against the loss of life.