Mercury General CorporationMCY

Where MCY's Net Debt / EBITDA sits inside its own 10-year distribution, with the yearly high, low and average.

$101.06-1.58 (-1.54%)Previous close
NYSEFinancial Services

MCY Net Debt / EBITDA: current value, 10-year range and year-by-year history

Net Debt / EBITDA History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
MCY Net Debt / EBITDA historyMCY Net Debt / EBITDA from Sep 2023 to Jun 2026: low -2.2, high 0.19, latest -0.58.-2.39-1.7-1-0.310.38Sep 23Mar 24Sep 24Jun 25Dec 25Jun 26med -0.67

MCY Net Debt / EBITDA by year

Yearly range of MCY’s net debt / ebitda from 2016 to 2026. Over the full period it ranged from -2.2 to 7.5, averaging 0.2.

MCY Net Debt / EBITDA — yearly low, average, high and year-end values
YearLowAverageHighYear-end
2026-0.7-0.6-0.6-0.6
2025-1.5-1.1-0.9-0.9
2024-0.2-0.00.2-0.2
2023-2.2-0.80.20.2
2022-0.31.77.5-0.2
20210.00.10.20.2
20200.10.61.50.1
20190.30.40.60.3
20180.50.81.31.3
20170.30.71.10.3
20160.30.60.80.8

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How many years of operating earnings it would take to pay off the company's net debt. The most common leverage ratio — higher means more financial risk and less flexibility.

Formula(Total Debt − Cash) / EBITDA
Full guide
How to read this chart

Watch the trend more than the level. Declining ratio = deleveraging, growing financial flexibility. Rising ratio = increasing leverage, which constrains dividends, buybacks, and future investment.

Key caveats
  • Sector context is essential: 3× is aggressive for a consumer brand but normal for a regulated utility. Always compare to sector peers.
  • Large acquisitions spike the ratio temporarily — check whether the integration plan credibly drives paydown.
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