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Markel Group (Markel Group) Debt-to-EBITDA : 0.86 (As of Dec. 2023)


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What is Markel Group Debt-to-EBITDA?

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

Markel Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Markel Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,780 Mil. Markel Group's annualized EBITDA for the quarter that ended in Dec. 2023 was $4,380 Mil. Markel Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.86.

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 Markel Group's Debt-to-EBITDA or its related term are showing as below:

MKL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.2   Med: 2.52   Max: 9.97
Current: 1.25

During the past 13 years, the highest Debt-to-EBITDA Ratio of Markel Group was 9.97. The lowest was 1.20. And the median was 2.52.

MKL's Debt-to-EBITDA is ranked better than
56.01% of 291 companies
in the Insurance industry
Industry Median: 1.49 vs MKL: 1.25

Markel Group Debt-to-EBITDA Historical Data

The historical data trend for Markel Group'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.

Markel Group Debt-to-EBITDA Chart

Markel Group 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 1.30 2.35 1.20 9.97 1.22

Markel Group 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 1.03 1.27 0.95 5.90 0.86

Competitive Comparison of Markel Group's Debt-to-EBITDA

For the Insurance - Property & Casualty subindustry, Markel Group'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.


Markel Group's Debt-to-EBITDA Distribution in the Insurance Industry

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

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



Markel Group Debt-to-EBITDA Calculation

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

Markel Group'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 + 3779.796) / 3098.707
=1.22

Markel Group'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 + 3779.796) / 4379.672
=0.86

* 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.


Markel Group  (NYSE:MKL) 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.


Markel Group Debt-to-EBITDA Related Terms

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


Markel Group (Markel Group) Business Description

Traded in Other Exchanges
Address
4521 Highwoods Parkway, Glen Allen, VA, USA, 23060-6148
Markel's primary business is property and casualty insurance, and the company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The acquisition of Alterra in 2013 added substantial reinsurance operations, which now account for a little less than 15% of premiums. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.
Executives
Lawrence A Cunningham director 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Mark Besca director 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
A. Lynne Puckett director C/O 222 W LAS COLINAS BLVD, SUITE 900N, IRVING TX 75039
Thomas Sinnickson Gayner officer: Pres. & Chief Investment Off. C/O MARKEL CORP, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Steven A Markel director, officer: Vice Chairman
Greta J Harris director 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Morgan E. Housel director 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Teresa S Gendron officer: Chief Financial Officer 520 MADISON AVE., C/O JEFFERIES FINANCIAL GROUP INC., NEW YORK NY 10022
Diane Leopold director 120 TREDEGAR STREET, RICHMOND VA 23219
Anthony F Markel director, officer: Vice Chairman 4551 COX RD, GLEN ALLEN VA 23060
Andrew G. Crowley officer: President, Markel Ventures 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Whitt Richard R Iii officer: President & Co-COO C/O MARKEL CORPORATION, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Brian J. Costanzo officer: CAO and Controller 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Stewart M Kasen director 5818 EL CAMINO REAL, CARLSBAD CA 92008
Susan L. Davies officer: CHRO, Markel Insurance MARKEL CORPORATION, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060