Jackson Financial (LTS:0JKF) Debt-to-EBITDA : 1.11 (As of Mar. 2024)

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What is Jackson Financial Debt-to-EBITDA?

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

Jackson Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil. Jackson Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4,101 Mil. Jackson Financial's annualized EBITDA for the quarter that ended in Mar. 2024 was $3,712 Mil. Jackson Financial's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 1.10.

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

LTS:0JKF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.84 Med: 0.56 Max: 3.52
Current: 1.01

During the past 6 years, the highest Debt-to-EBITDA Ratio of Jackson Financial was 3.52. The lowest was -3.84. And the median was 0.56.

LTS:0JKF's Debt-to-EBITDA is ranked better than
58.78% of 296 companies
in the Insurance industry
Industry Median: 1.43 vs LTS:0JKF: 1.01

Jackson Financial Debt-to-EBITDA Historical Data

The historical data trend for Jackson Financial'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.

Jackson Financial Debt-to-EBITDA Chart

Jackson Financial Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-3.84

-0.14

0.92

0.56

3.52

Jackson Financial Quarterly Data
	Dec18	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														-0.57	0.76	0.33	-0.52	1.11

Competitive Comparison of Jackson Financial's Debt-to-EBITDA

For the Insurance - Life subindustry, Jackson Financial'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.

Jackson Financial's Debt-to-EBITDA Distribution in the Insurance Industry

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

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

Jackson Financial Debt-to-EBITDA Calculation

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

Jackson Financial'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	+	4025)	/	1143
	=	3.52

Jackson Financial'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
	=	(0	+	4101)	/	3712
	=	1.10

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.

Jackson Financial (LTS:0JKF) 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.

Jackson Financial Debt-to-EBITDA Related Terms

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

Jackson Financial (LTS:0JKF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Jackson Financial Inc (LTS:0JKF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

JXN:USA 8WF:Germany 8WF:Germany

Address

1 Corporate Way, Lansing, MI, USA, 48951

Website

https://www.jackson.com

Jackson Financial Inc helps Americans grow and protect their retirement savings and income to enable them to pursue financial freedom for life. Its retail product offerings comprise annuities, designed to help retail investors save for and live in retirement. Its diverse suite of annuities includes a variable, fixed index, and fixed annuities. It manages the business through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks and Corporate and Other segments.

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