AB Ignitis Grupe (FRA:IGV0) Debt-to-EBITDA : 2.38 (As of Dec. 2023)

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What is AB Ignitis Grupe Debt-to-EBITDA?

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

AB Ignitis Grupe's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €70 Mil. AB Ignitis Grupe's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,564 Mil. AB Ignitis Grupe's annualized EBITDA for the quarter that ended in Dec. 2023 was €685 Mil. AB Ignitis Grupe's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.38.

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 AB Ignitis Grupe's Debt-to-EBITDA or its related term are showing as below:

FRA:IGV0' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.91 Med: 3.86 Max: 11.51
Current: 2.91

During the past 7 years, the highest Debt-to-EBITDA Ratio of AB Ignitis Grupe was 11.51. The lowest was 2.91. And the median was 3.86.

FRA:IGV0's Debt-to-EBITDA is ranked better than
56.59% of 463 companies
in the Utilities - Regulated industry
Industry Median: 3.66 vs FRA:IGV0: 2.91

AB Ignitis Grupe Debt-to-EBITDA Historical Data

The historical data trend for AB Ignitis Grupe'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.

AB Ignitis Grupe Debt-to-EBITDA Chart

AB Ignitis Grupe Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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5.48

3.86

4.22

3.26

2.95

AB Ignitis Grupe Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															2.44	1.92	5.80	3.46	2.38

Competitive Comparison of AB Ignitis Grupe's Debt-to-EBITDA

For the Utilities - Diversified subindustry, AB Ignitis Grupe'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.

AB Ignitis Grupe's Debt-to-EBITDA Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, AB Ignitis Grupe's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where AB Ignitis Grupe's Debt-to-EBITDA falls into.

AB Ignitis Grupe Debt-to-EBITDA Calculation

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

AB Ignitis Grupe'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
	=	(69.7	+	1563.5)	/	554.2
	=	2.95

AB Ignitis Grupe'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
	=	(69.7	+	1563.5)	/	685.2
	=	2.38

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.

AB Ignitis Grupe (FRA:IGV0) 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.

AB Ignitis Grupe Debt-to-EBITDA Related Terms

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

AB Ignitis Grupe (FRA:IGV0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » AB Ignitis Grupe (FRA:IGV0) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

IGN1L:Lithuania IGN:UK

Address

Laisves Avenue 10, Vilnius, LTU, LT-04215

Website

https://www.ignitisgrupe.lt

AB Ignitis Grupe is a utility and renewable energy company in the Baltic region. The group's core business is focused on operating electricity and gas distribution networks. It operates in four segments: Customers & Solutions, which is into electricity and gas supply, trading and balancing, energy efficiency projects, construction of solar power plants for businesses and residents, installation and operation of electric vehicle charging stations, and energy solutions; Networks segment, which is engaged in the operation, maintenance, management and development of electricity and gas distribution networks; Green Generation segment; and Flexible Generation segment. The vast majority of the revenue comes from the Customers & Solutions and Network segments.

AB Ignitis Grupe (FRA:IGV0) Headlines

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