Thessaloniki Port Authority (ATH:OLTH) Debt-to-EBITDA : 1.48 (As of Jun. 2023)

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What is Thessaloniki Port Authority Debt-to-EBITDA?

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

Thessaloniki Port Authority's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.36 Mil. Thessaloniki Port Authority's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €46.53 Mil. Thessaloniki Port Authority's annualized EBITDA for the quarter that ended in Jun. 2023 was €31.67 Mil. Thessaloniki Port Authority's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 1.48.

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 Thessaloniki Port Authority's Debt-to-EBITDA or its related term are showing as below:

ATH:OLTH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0.71 Max: 1.52
Current: 1.46

During the past 13 years, the highest Debt-to-EBITDA Ratio of Thessaloniki Port Authority was 1.52. The lowest was 0.00. And the median was 0.71.

ATH:OLTH's Debt-to-EBITDA is ranked better than
72.41% of 848 companies
in the Transportation industry
Industry Median: 2.81 vs ATH:OLTH: 1.46

Thessaloniki Port Authority Debt-to-EBITDA Historical Data

The historical data trend for Thessaloniki Port Authority'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.

Thessaloniki Port Authority Debt-to-EBITDA Chart

Thessaloniki Port Authority Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

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1.52

1.50

1.40

1.43

Thessaloniki Port Authority Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-EBITDA	Get a 7-Day Free Trial															1.52	1.28	1.38	1.46	1.48

Competitive Comparison of Thessaloniki Port Authority's Debt-to-EBITDA

For the Marine Shipping subindustry, Thessaloniki Port Authority'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.

Thessaloniki Port Authority's Debt-to-EBITDA Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Thessaloniki Port Authority's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Thessaloniki Port Authority's Debt-to-EBITDA falls into.

Thessaloniki Port Authority Debt-to-EBITDA Calculation

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

Thessaloniki Port Authority's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.966	+	45.777)	/	33.293
	=	1.43

Thessaloniki Port Authority's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.364	+	46.527)	/	31.672
	=	1.48

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 (Jun. 2023) EBITDA data.

Thessaloniki Port Authority (ATH:OLTH) 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.

Thessaloniki Port Authority Debt-to-EBITDA Related Terms

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

Thessaloniki Port Authority (ATH:OLTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Thessaloniki Port Authority SA (ATH:OLTH) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

03P:Germany

Address

?'provlita Limenos Thessalonikis, P.O. B?x 10467, Thessaloniki, GRC, 54110

Website

http://www.thpa.gr

Thessaloniki Port Authority SA is a shipping company based in Greece. It manages the port of Thessaloniki and provides ship berthing, anchoring, mooring, loading, unloading and cargo handling and passenger services along with add-on services like water, electricity, telephone connections, The company's operational areas are categorized into four, which are vessels, containers, event halls and parking services. Most of its revenues are obtained from its container and vessel operations catering to industries, shipping agents, container transportation companies, and freight transport companies. The Event halls are another aspect of its service area, wherein the company provides premises to host multipurpose activities.

Thessaloniki Port Authority (ATH:OLTH) Headlines

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