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Fundamental Global (Fundamental Global) Debt-to-EBITDA : -0.81 (As of Mar. 2024)


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What is Fundamental Global Debt-to-EBITDA?

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

Fundamental Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5.05 Mil. Fundamental Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $6.53 Mil. Fundamental Global's annualized EBITDA for the quarter that ended in Mar. 2024 was $-14.38 Mil. Fundamental Global's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -0.81.

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

FGFPP.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.22   Med: 0   Max: 0
Current: -3.22

FGFPP.PFD's Debt-to-EBITDA is ranked worse than
100% of 299 companies
in the Insurance industry
Industry Median: 1.42 vs FGFPP.PFD: -3.22

Fundamental Global Debt-to-EBITDA Historical Data

The historical data trend for Fundamental Global'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.

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Fundamental Global Debt-to-EBITDA Chart

Fundamental Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

Fundamental Global Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-EBITDA Get a 7-Day Free Trial 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 - N/A N/A N/A -0.81

Competitive Comparison of Fundamental Global's Debt-to-EBITDA

For the Insurance - Diversified subindustry, Fundamental Global'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.


Fundamental Global's Debt-to-EBITDA Distribution in the Insurance Industry

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

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



Fundamental Global Debt-to-EBITDA Calculation

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

Fundamental Global's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Fundamental Global's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(5.046 + 6.53) / -14.38
=-0.81

* 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 (Mar. 2024) EBITDA data.


Fundamental Global  (NAS:FGFPP.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.


Fundamental Global Debt-to-EBITDA Related Terms

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


Fundamental Global (Fundamental Global) Business Description

Traded in Other Exchanges
Address
104 S. Walnut Street, Unit 1A, Itasca, IL, USA, 60143
FG Financial Group Inc through its subsidiaries operates as diversified insurance, reinsurance, and investment management holding company. The company's segment includes Insurance and Asset Management. It generates maximum revenue from the Insurance segment.

Fundamental Global (Fundamental Global) Headlines