Ageas/ NV (XBRU:AGS) Debt-to-EBITDA : 2.42 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is Ageas/ NV Debt-to-EBITDA?

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

Ageas/ NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0 Mil. Ageas/ NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €4,585 Mil. Ageas/ NV's annualized EBITDA for the quarter that ended in Dec. 2023 was €1,898 Mil. Ageas/ NV's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.42.

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 Ageas/ NV's Debt-to-EBITDA or its related term are showing as below:

XBRU:AGS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.72 Med: 2.13 Max: 2.84
Current: 2.24

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ageas/ NV was 2.84. The lowest was 1.72. And the median was 2.13.

XBRU:AGS's Debt-to-EBITDA is ranked worse than
63.92% of 291 companies
in the Insurance industry
Industry Median: 1.49 vs XBRU:AGS: 2.24

Ageas/ NV Debt-to-EBITDA Historical Data

The historical data trend for Ageas/ NV'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.

Ageas/ NV Debt-to-EBITDA Chart

Ageas/ NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

Get a 7-Day Free Trial

2.24

1.88

2.16

2.19

2.24

Ageas/ NV 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	Get a 7-Day Free Trial															2.08	2.06	2.40	2.08	2.42

Competitive Comparison of Ageas/ NV's Debt-to-EBITDA

For the Insurance - Diversified subindustry, Ageas/ NV'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.

Ageas/ NV's Debt-to-EBITDA Distribution in the Insurance Industry

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

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

Ageas/ NV Debt-to-EBITDA Calculation

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

Ageas/ NV'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	+	4585)	/	2045
	=	2.24

Ageas/ NV'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	+	4585)	/	1898
	=	2.42

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.

Ageas/ NV (XBRU:AGS) 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.

Ageas/ NV Debt-to-EBITDA Related Terms

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

Ageas/ NV (XBRU:AGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ageas SA/ NV (XBRU:AGS) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

AGESY:USA AGS:Mexico AGS:Italy AGSb:UK 0Q99:UK FO4N:Germany AGS:Austria

Address

Rue du Marquis 1/Markiesstraat 1, Box 7, Brussels, BEL, 1000

Website

https://www.ageas.com

Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralised debt. As Fortis' capital began to decline, the company initiated a rights issue and the long-held promised dividend was suspended. As Fortis' share price began to decline and financial market conditions continued to worsen, with a series of leadership changes customers began to withdraw deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgium government, and BNP Paribas and was asked to spin off its insurance and asset management divisions.