Fidelis Insurance Holdings (Fidelis Insurance Holdings) Debt-to-EBITDA : 0.83 (As of Dec. 2023)

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What is Fidelis Insurance Holdings Debt-to-EBITDA?

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

Fidelis Insurance Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Fidelis Insurance Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $448 Mil. Fidelis Insurance Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $539 Mil. Fidelis Insurance Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.83.

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 Fidelis Insurance Holdings's Debt-to-EBITDA or its related term are showing as below:

FIHL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.22 Med: 3.35 Max: 4.03
Current: 0.22

During the past 5 years, the highest Debt-to-EBITDA Ratio of Fidelis Insurance Holdings was 4.03. The lowest was 0.22. And the median was 3.35.

FIHL's Debt-to-EBITDA is ranked better than
84.8% of 296 companies
in the Insurance industry
Industry Median: 1.49 vs FIHL: 0.22

Fidelis Insurance Holdings Debt-to-EBITDA Historical Data

The historical data trend for Fidelis Insurance Holdings'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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Fidelis Insurance Holdings Debt-to-EBITDA Chart

Fidelis Insurance Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

2.96

4.03

3.75

0.22

Fidelis Insurance Holdings Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial						0.78	0.06	1.12	1.07	0.83

Competitive Comparison of Fidelis Insurance Holdings's Debt-to-EBITDA

For the Insurance - Diversified subindustry, Fidelis Insurance Holdings'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.

Fidelis Insurance Holdings's Debt-to-EBITDA Distribution in the Insurance Industry

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

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

Fidelis Insurance Holdings Debt-to-EBITDA Calculation

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

Fidelis Insurance Holdings'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	+	448.2)	/	2083
	=	0.22

Fidelis Insurance Holdings'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	+	448.2)	/	538.8
	=	0.83

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 (Dec. 2023) EBITDA data.

Fidelis Insurance Holdings (NYSE:FIHL) 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.

Fidelis Insurance Holdings Debt-to-EBITDA Related Terms

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

Fidelis Insurance Holdings (Fidelis Insurance Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fidelis Insurance Holdings Ltd (NYSE:FIHL) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

U0K:Germany

Address

100 Pitts Bay Road, Waterloo House, Pembroke, BMU, HM08

Website

https://www.fidelisinsurance.com

Fidelis Insurance Holdings Ltd is a global (re)insurance company. It classify the business into three underwriting segments, namely Bespoke, Specialty and Reinsurance. Specialty primarily comprises property D&F, energy, marine and aviation lines. Bespoke primarily comprises credit and political risk and other tailored solutions for clients including transactional liabilities and credit insurance. Reinsurance primarily comprises property reinsurance.