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Fidelity National Financial (Fidelity National Financial) Debt-to-EBITDA : 33.45 (As of Dec. 2023)


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What is Fidelity National Financial Debt-to-EBITDA?

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

Fidelity National Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Fidelity National Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,281 Mil. Fidelity National Financial's annualized EBITDA for the quarter that ended in Dec. 2023 was $128 Mil. Fidelity National Financial's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 33.45.

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

FNF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.58   Med: 1.14   Max: 2.93
Current: 2.93

During the past 13 years, the highest Debt-to-EBITDA Ratio of Fidelity National Financial was 2.93. The lowest was 0.58. And the median was 1.14.

FNF's Debt-to-EBITDA is ranked worse than
72.26% of 292 companies
in the Insurance industry
Industry Median: 1.49 vs FNF: 2.93

Fidelity National Financial Debt-to-EBITDA Historical Data

The historical data trend for Fidelity National 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.

Fidelity National Financial Debt-to-EBITDA Chart

Fidelity National Financial 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 0.80 1.42 0.86 1.57 2.93

Fidelity National Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 9.52 10.06 1.95 1.28 33.45

Competitive Comparison of Fidelity National Financial's Debt-to-EBITDA

For the Insurance - Specialty subindustry, Fidelity National 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.


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

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

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



Fidelity National Financial Debt-to-EBITDA Calculation

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

Fidelity National 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 + 4281) / 1460
=2.93

Fidelity National Financial'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 + 4281) / 128
=33.45

* 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 (Dec. 2023) EBITDA data.


Fidelity National Financial  (NYSE:FNF) 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.


Fidelity National Financial Debt-to-EBITDA Related Terms

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


Fidelity National Financial (Fidelity National Financial) Business Description

Traded in Other Exchanges
Address
601 Riverside Avenue, Jacksonville, FL, USA, 32204
Fidelity National Financial Inc provides title insurance, escrow, and other title-related services. It operates in three segments: Title, F&G, Corporate and Other. The title segment that derives majority revenue consists of the operations of title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. Substantially all of the company's revenue is generated in the United States.
Executives
Daniel D Lane director 14 CORPORATE PLZ, SUITE 150, NEWPORT BEACH CA 92660
Halim Dhanidina director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Michael Joseph Nolan officer: President 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Shea Peter O Jr director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Peter T Sadowski officer: EVP, Chief Legal Officer FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Thomas M Hagerty director C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35 FLOOR, BOSTON MA 02110
Sandra Douglass Morgan director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Raymond R Quirk director, officer: Chief Executive Officer 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Cary H Thompson director 1999 AVE OF THE STARS, 32ND FL, LOS ANGELES CA 90067
Roger S Jewkes officer: Chief Operating Officer 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Anthony Park officer: EVP & Chief Financial Officer 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Michael L Gravelle officer: Executive Vice President 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Douglas K Ammerman director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Foley William P Ii director FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
John D Rood director 3020 HARTLEY ROAD SUITE 300, JACKSONVILLE FL 32257