Ameriprise Financial (Ameriprise Financial) Debt-to-EBITDA : 2.67 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Ameriprise Financial Debt-to-EBITDA?

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

Ameriprise Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $751 Mil. Ameriprise Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,004 Mil. Ameriprise Financial's annualized EBITDA for the quarter that ended in Dec. 2023 was $2,152 Mil. Ameriprise Financial's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.67.

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

AMP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.16 Med: 1.93 Max: 3.75
Current: 1.37

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ameriprise Financial was 3.75. The lowest was 1.16. And the median was 1.93.

AMP's Debt-to-EBITDA is ranked worse than
52.85% of 369 companies
in the Asset Management industry
Industry Median: 1.22 vs AMP: 1.37

Ameriprise Financial Debt-to-EBITDA Historical Data

The historical data trend for Ameriprise 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.

Ameriprise Financial Debt-to-EBITDA Chart

Ameriprise Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

Get a 7-Day Free Trial

1.87

2.25

1.16

1.32

1.69

Ameriprise Financial 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															2.87	1.28	1.29	2.67	1.10

Competitive Comparison of Ameriprise Financial's Debt-to-EBITDA

For the Asset Management subindustry, Ameriprise 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.

Ameriprise Financial's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ameriprise Financial's Debt-to-EBITDA distribution charts can be found below:

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

Ameriprise Financial Debt-to-EBITDA Calculation

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

Ameriprise 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
	=	(751	+	5004)	/	3404
	=	1.69

Ameriprise 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
	=	(751	+	5004)	/	2152
	=	2.67

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.

Ameriprise Financial (NYSE:AMP) 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.

Ameriprise Financial Debt-to-EBITDA Related Terms

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

Ameriprise Financial (Ameriprise Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ameriprise Financial Inc (NYSE:AMP) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

AMP:Mexico A4S:Germany A1MP34:Brazil

Address

1099 Ameriprise Financial Center, Minneapolis, MN, USA, 55474

Website

https://www.ameriprise.com

Ameriprise Financial has emerged is a major player in the U.S. market for asset and wealth management, with around $1.3 trillion in total assets under management and advisement at the end of the second quarter of 2023. Ameriprise has one of the largest branded advisor networks in the industry, and about 80% of the company's revenue comes from its asset and wealth management segments. Ameriprise has reduced its exposure to insurance with the sale of its auto and home insurance business in 2019 and discontinuing the sale of its proprietary fixed annuities in 2020. Around 90% of the company's pretax earnings are from the United States.

Executives

Joseph Edward Sweeney	officer: Pres - Fin Pln Prdcts and Serv	AMERIPRISE FINANCIAL, INC., 707 SECOND AVENUE SOUTH, MINNEAPOLIS MN 55474
Walter Stanley Berman	director, officer: Executive VP and CFO	AMERIPRISE FINANCIAL, INC., 707 SECOND AVENUE SOUTH, MINNEAPOLIS MN 55474
James M Cracchiolo	director, officer: Chairman and CEO
Gerard P. Smyth	officer: EVP Technology and CIO	1099 AMERIPRISE FINANCIAL, MINNEAPOLIS MN 55474
Gumer Alvero	officer: President-Insurance&Annuities	GENERAL COUNSEL'S OFFICE, 1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
William F Truscott	officer: Pres - U.S. Asset Mgmt, CIO	AMERIPRISE FINANCIAL, INC., 50591 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
Heather J. Melloh	officer: EVP and General Counsel	GENERAL COUNSEL'S OFFICE, 1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
Dawn M. Brockman	officer: Interim Controller and PAO	GENERAL COUNSEL'S OFFICE, 1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
Armando Jr Pimentel	director	C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD., JUNO BEACH FL 33408
Sharpe Robert Francis Jr	director	AMERIPRISE FINANCIAL, INC., 50591 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
Karen Wilson Thissen	officer: Executive VP and GC	1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
William Davies	officer: Executive VP, Global CIO	GENERAL COUNSEL'S OFFICE, 1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
John R. Hutt	officer: Sr Vice Pres and Controller	1099 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
John Robert Woerner	officer: Senior VP - Str Plan, Bus Dev	AMERIPRISE FINANCIAL, INC., 707 SECOND AVENUE SOUTH, MINNEAPOLIS MN 55474
Moore Colin	officer: EVP & Global CIO	C/O PUTNAM LLC, ONE POST OFFICE SQ, BOSTON MA 02109