>
Switch to:

Gjensidige Forsikring ASA Debt-to-EBITDA

: 0.44 (As of Sep. 2021)
View and export this data going back to 2012. Start your Free Trial

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

Gjensidige Forsikring ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $0 Mil. Gjensidige Forsikring ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $426 Mil. Gjensidige Forsikring ASA's annualized EBITDA for the quarter that ended in Sep. 2021 was $969 Mil. Gjensidige Forsikring ASA's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2021 was 0.44.

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 Gjensidige Forsikring ASA's Debt-to-EBITDA or its related term are showing as below:

OTCPK:GJNSY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.32   Med: 1.81   Max: 3.71
Current: 0.43

0.32
3.71

During the past 13 years, the highest Debt-to-EBITDA Ratio of Gjensidige Forsikring ASA was 3.71. The lowest was 0.32. And the median was 1.81.

OTCPK:GJNSY's Debt-to-EBITDA is ranked higher than
67% of the 339 Companies
in the Insurance industry.

( Industry Median: 1.12 vs. OTCPK:GJNSY: 0.43 )

Gjensidige Forsikring ASA Debt-to-EBITDA Historical Data

The historical data trend for Gjensidige Forsikring ASA'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.

Gjensidige Forsikring ASA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Debt-to-EBITDA
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.05 3.71 N/A 0.32 0.37

Gjensidige Forsikring ASA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Debt-to-EBITDA 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.31 0.26 0.55 0.39 0.44

Competitive Comparison

For the Insurance - Diversified subindustry, Gjensidige Forsikring ASA'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.

   

Gjensidige Forsikring ASA Debt-to-EBITDA Distribution

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

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



Gjensidige Forsikring ASA Debt-to-EBITDA Calculation

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

Gjensidige Forsikring ASA'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 + 288.86770566549) / 774.13834686635
=0.37

Gjensidige Forsikring ASA's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2021 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 426.05361329591) / 969.28958340552
=0.44

* 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 (Sep. 2021) EBITDA data.


Gjensidige Forsikring ASA  (OTCPK:GJNSY) 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.


Gjensidige Forsikring ASA Debt-to-EBITDA Related Terms

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


Gjensidige Forsikring ASA Business Description

Gjensidige Forsikring ASA logo
Industry
Address
Schweigaardsgate 21, Oslo, NOR, 0191
Gjensidige Forsikring is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.

Gjensidige Forsikring ASA Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)