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Defence Tech Holding SpA (MIL:DTH) Debt-to-EBITDA : 1.80 (As of Jun. 2023)


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What is Defence Tech Holding SpA Debt-to-EBITDA?

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

Defence Tech Holding SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €8.81 Mil. Defence Tech Holding SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €5.84 Mil. Defence Tech Holding SpA's annualized EBITDA for the quarter that ended in Jun. 2023 was €8.13 Mil. Defence Tech Holding SpA's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 1.80.

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 Defence Tech Holding SpA's Debt-to-EBITDA or its related term are showing as below:

MIL:DTH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.81   Med: 4.49   Max: 9.53
Current: 1.86

During the past 4 years, the highest Debt-to-EBITDA Ratio of Defence Tech Holding SpA was 9.53. The lowest was 1.81. And the median was 4.49.

MIL:DTH's Debt-to-EBITDA is ranked better than
58.33% of 228 companies
in the Aerospace & Defense industry
Industry Median: 2.315 vs MIL:DTH: 1.86

Defence Tech Holding SpA Debt-to-EBITDA Historical Data

The historical data trend for Defence Tech Holding SpA'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.

Defence Tech Holding SpA Debt-to-EBITDA Chart

Defence Tech Holding SpA Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Debt-to-EBITDA
6.80 9.53 1.81 2.18

Defence Tech Holding SpA Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Debt-to-EBITDA Get a 7-Day Free Trial 1.75 1.84 1.66 2.22 1.80

Competitive Comparison of Defence Tech Holding SpA's Debt-to-EBITDA

For the Aerospace & Defense subindustry, Defence Tech Holding SpA'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.

Defence Tech Holding SpA's Debt-to-EBITDA Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Defence Tech Holding SpA's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Defence Tech Holding SpA's Debt-to-EBITDA falls into.


Defence Tech Holding SpA Debt-to-EBITDA Calculation

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

Defence Tech Holding SpA'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
=(9.897 + 6.974) / 7.745
=2.18

Defence Tech Holding SpA'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
=(8.808 + 5.837) / 8.128
=1.80

* 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.

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.

Defence Tech Holding SpA  (MIL:DTH) 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.

Defence Tech Holding SpA Debt-to-EBITDA Related Terms

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

Defence Tech Holding SpA (MIL:DTH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Defence Tech Holding SpA (MIL:DTH) » Definitions » Debt-to-EBITDA
Comparable Companies
MIL:OS MIL:AVIO MIL:PAG RTX BA LMT XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX XPAR:HO LSE:RR. HEI.A HWM SHSE:600760 SHSE:600150 XPAR:AM
Traded in Other Exchanges
65F:Germany
Address
Via Giacomo Peroni, 452, Rome, ITA, 00131
Website
https://www.defencetech.it
Defence Tech Holding SpA operates in the cyber security, big data, intelligence, space and national defense sectors through the design, construction and certification of information management systems.