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R&Q Insurance Holdings (R&Q Insurance Holdings) Debt-to-EBITDA : -4.60 (As of Jun. 2023)


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What is R&Q Insurance Holdings Debt-to-EBITDA?

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

R&Q Insurance Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.0 Mil. R&Q Insurance Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $333.3 Mil. R&Q Insurance Holdings's annualized EBITDA for the quarter that ended in Jun. 2023 was $-72.4 Mil. R&Q Insurance Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was -4.60.

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

RQIHF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -60.88   Med: 3.03   Max: 6.73
Current: -1.07

During the past 13 years, the highest Debt-to-EBITDA Ratio of R&Q Insurance Holdings was 6.73. The lowest was -60.88. And the median was 3.03.

RQIHF's Debt-to-EBITDA is ranked worse than
100% of 296 companies
in the Insurance industry
Industry Median: 1.49 vs RQIHF: -1.07

R&Q Insurance Holdings Debt-to-EBITDA Historical Data

The historical data trend for R&Q 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.

* Premium members only.

R&Q Insurance Holdings Debt-to-EBITDA Chart

R&Q Insurance Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.73 2.74 4.91 -3.37 -1.41

R&Q Insurance Holdings Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - -2.12 - -0.66 -4.60

Competitive Comparison of R&Q Insurance Holdings's Debt-to-EBITDA

For the Insurance - Specialty subindustry, R&Q 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.


R&Q Insurance Holdings's Debt-to-EBITDA Distribution in the Insurance Industry

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

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



R&Q Insurance Holdings Debt-to-EBITDA Calculation

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

R&Q Insurance Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(26.5 + 323.8) / -248.7
=-1.41

R&Q Insurance Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 333.3) / -72.4
=-4.60

* 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 two times the quarterly (Jun. 2023) EBITDA data.


R&Q Insurance Holdings  (OTCPK:RQIHF) 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.


R&Q Insurance Holdings Debt-to-EBITDA Related Terms

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


R&Q Insurance Holdings (R&Q Insurance Holdings) Business Description

Traded in Other Exchanges
Address
40 Church Street, FB Perry Building, PO Box HM 650, Hamilton, BMU, HM HX
R&Q Insurance Holdings Ltd provides services of legacy acquisitions and program management. The company together with its subsidiaries owns and manages insurance companies as underwriting managers for active insurers. The company's segment includes Legacy Insurance, Program Management, and Corporate / Other. It generates maximum revenue from the Legacy segment. Legacy segment acquires legacy portfolios and insurance debt and provides capital support to the Group's managed Lloyd's Syndicates. Geographically, it derives a majority of revenue from North America and also has a presence in the United Kingdom and Europe.