Conduit Holdings (LSE:CRE) Debt-to-EBITDA : 0.01 (As of Dec. 2023)

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What is Conduit Holdings Debt-to-EBITDA?

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

Conduit Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.0 Mil. Conduit Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £1.8 Mil. Conduit Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was £219.9 Mil. Conduit Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.01.

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 Conduit Holdings's Debt-to-EBITDA or its related term are showing as below:

LSE:CRE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.07 Med: -0.07 Max: 0.01
Current: 0.01

During the past 4 years, the highest Debt-to-EBITDA Ratio of Conduit Holdings was 0.01. The lowest was -0.07. And the median was -0.07.

LSE:CRE's Debt-to-EBITDA is ranked better than
99.66% of 296 companies
in the Insurance industry
Industry Median: 1.43 vs LSE:CRE: 0.01

Conduit Holdings Debt-to-EBITDA Historical Data

The historical data trend for Conduit 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.

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Conduit Holdings Debt-to-EBITDA Chart

Conduit Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

-0.07

0.01

Conduit Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-0.05	-0.03	0.55	0.01	0.01

Competitive Comparison of Conduit Holdings's Debt-to-EBITDA

For the Insurance - Reinsurance subindustry, Conduit 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.

Conduit Holdings's Debt-to-EBITDA Distribution in the Insurance Industry

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

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

Conduit Holdings Debt-to-EBITDA Calculation

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

Conduit Holdings'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	+	1.817)	/	172.773
	=	0.01

Conduit Holdings'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	+	1.817)	/	219.936
	=	0.01

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 (Dec. 2023) EBITDA data.

Conduit Holdings (LSE:CRE) 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.

Conduit Holdings Debt-to-EBITDA Related Terms

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

Conduit Holdings (LSE:CRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Conduit Holdings Ltd (LSE:CRE) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CNDHF:USA CREl:UK CHO:Germany

Address

94 Pitts Bay Road, Ideation House, Pembroke, BMU, HM08

Website

https://www.conduitreinsurance.com

Conduit Holdings Ltd operates in the insurance industry. The company is engaged in the business of property and casualty reinsurance underwriting. The underwriting business is comprised of three principal divisions: property, casualty, and specialty. The majority is from the property division. Geographically, the majority is from the United States.

Conduit Holdings (LSE:CRE) Headlines

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