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Debt-to-EBITDA measures a company's ability to pay off its debt.
Root's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. Root's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $299.3 Mil. Root's annualized EBITDA for the quarter that ended in Mar. 2024 was $33.2 Mil. Root's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 9.02.
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
The historical rank and industry rank for Root's Debt-to-EBITDA or its related term are showing as below:
During the past 6 years, the highest Debt-to-EBITDA Ratio of Root was -0.22. The lowest was -5.62. And the median was -0.70.
The historical data trend for Root'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.
Root Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Debt-to-EBITDA | Get a 7-Day Free Trial | -0.67 | -0.70 | - | -1.19 | -3.37 |
Root 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 | -2.73 | -3.32 | -2.38 | -9.46 | 9.02 |
For the Insurance - Property & Casualty subindustry, Root'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.
For the Insurance industry and Financial Services sector, Root's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Root's Debt-to-EBITDA falls into.
Debt-to-EBITDA measures a company's ability to pay off its debt.
Root'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 | + | 299) | / | -88.7 | |
= | -3.37 |
Root'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 | + | 299.3) | / | 33.2 | |
= | 9.02 |
* 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.
Root (NAS:ROOT) 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
Thank you for viewing the detailed overview of Root's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.
Jonathan Allison | officer: Chief Administrative Officer | ROOT, INC., 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215 |
Donna Dorsey | director | ROOT, INC., 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215 |
Mahtiyar Bonakdarpour | officer: Chief Technology Officer | 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215 |
Meyer Malka | 10 percent owner | 364 UNIVERSITY AVENUE, PALO ALTO CA 94301 |
Bullfrog Capital, L.p. | 10 percent owner | 364 UNIVERSITY AVENUE, PALO ALTO CA 94301 |
Bullfrog Capital Gp, Ltd. | 10 percent owner | 364 UNIVERSITY AVENUE, PALO ALTO CA 94301 |
Julie Szudarek | director | 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215 |
Robert H. Bateman | officer: Chief Financial Officer | ONE HARTFORD PLAZA, HARTFORD CT 06155 |
Daniel H Rosenthal | director, officer: Chief Financial Officer | C/O ROOT, INC., 80 E RICH STREET, SUITE 500, COLUMBUS OH 43215 |
Beth A Birnbaum | director | C/O 111 RIVER STREET, HOBOKEN NJ 07030 |
Lawrence A. Hilsheimer | director | 425 WINTER ROAD, DELAWARE OH 43015 |
Hemal Shah | officer: Chief Product Officer | 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215 |
Carvana Co. | 10 percent owner | 300 E. RIO SALADO PARKWAY, TEMPE AZ 85281 |
Carvana Group, Llc | 10 percent owner | 1930 W. RIO SALADO PKWY, TEMPE AZ 85281 |
Anirban Kundu | officer: Chief Technology Officer | 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215 |
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