American National Inc Net debt/EBITDA
What is the Net debt/EBITDA of American National Inc?
The Net debt/EBITDA of American National Group Inc is -8.85
What is the definition of Net debt/EBITDA?
The net debt to earnings before interest, taxes, depreciation, and amortization (Net debt/EBITDA) ratio measures financial leverage and the company’s ability to pay off its debt. It shows how long it would take the company to pay off all its debt with operations at the current level.
The net debt to EBITDA ratio is calculated as Net debt divided by EBITDA. It is similar to the debt to EBITDA ratio, but cash and cash equivalents are subtracted in net debt.
Net debt = short-term debt + long-term debt - cash and cash equivalents
EBITDA = net income + interest expense + taxes + depreciation + amortization
Lower debt debt to EBITDA ratio indicates the company is not heavily indebted and should be able to repay its obligations. Alternatively, higher ratio indicated the company is excessively indebted. The ratio varies between industries as different industries have different capital requirements. Usually, the ratio should be compared to a benchmark or an industry average to determine the company’s credit risk. Generally, a net debt to EBITDA ratio above 4 or 5 is considered high.
Net debt/EBITDA of companies in the Finance sector on NASDAQ compared to American National Inc
What does American National Inc do?
American National is a family of companies. American National Insurance Company, founded in 1905 and headquartered in Galveston, Texas, and other American National subsidiaries offer a broad portfolio of products and services, which include life insurance, annuities, property and casualty insurance, health insurance, credit insurance, and pension products. The American National companies operate in all 50 states. American National established a dedicated property and casualty division in 1973 with American National Property And Casualty Company, Springfield, MO. This company serves 38 states not including NY. To better serve the unique insurance needs of the agricultural market, American National acquired the Farm Family group of insurance companies based in NY in 2001
Companies with net debt/ebitda similar to American National Inc
- BNCCORP has Net debt/EBITDA of -8.89
- Core Gold has Net debt/EBITDA of -8.89
- Select Bancorp Inc has Net debt/EBITDA of -8.89
- Amlogic (Shanghai) Co has Net debt/EBITDA of -8.86
- Matsa Resources has Net debt/EBITDA of -8.86
- Corero Network Security plc has Net debt/EBITDA of -8.85
- American National Inc has Net debt/EBITDA of -8.85
- Billington Plc has Net debt/EBITDA of -8.84
- Tilray Brands Inc has Net debt/EBITDA of -8.82
- Goldlion has Net debt/EBITDA of -8.81
- Renrui Human Resources Technology has Net debt/EBITDA of -8.81
- ZTE has Net debt/EBITDA of -8.81
- Neurocrine Biosciences has Net debt/EBITDA of -8.80