Pieridae Energy (TSX:PEA) Debt-to-EBITDA : 3.07 (As of Mar. 2024)

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What is Pieridae Energy Debt-to-EBITDA?

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

Pieridae Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$34.0 Mil. Pieridae Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$142.5 Mil. Pieridae Energy's annualized EBITDA for the quarter that ended in Mar. 2024 was C$57.5 Mil. Pieridae Energy's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 3.07.

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 Pieridae Energy's Debt-to-EBITDA or its related term are showing as below:

TSX:PEA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -8.71 Med: -0.01 Max: 5.57
Current: 2.69

During the past 13 years, the highest Debt-to-EBITDA Ratio of Pieridae Energy was 5.57. The lowest was -8.71. And the median was -0.01.

TSX:PEA's Debt-to-EBITDA is ranked worse than
63.7% of 719 companies
in the Oil & Gas industry
Industry Median: 1.76 vs TSX:PEA: 2.69

Pieridae Energy Debt-to-EBITDA Historical Data

The historical data trend for Pieridae Energy'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.

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Pieridae Energy Debt-to-EBITDA Chart

Pieridae Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-5.59

-8.71

5.57

1.34

1.92

Pieridae Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															1.14	1.67	-30.38	1.70	3.07

Competitive Comparison of Pieridae Energy's Debt-to-EBITDA

For the Oil & Gas E&P subindustry, Pieridae Energy'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.

Pieridae Energy's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pieridae Energy's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Pieridae Energy's Debt-to-EBITDA falls into.

Pieridae Energy Debt-to-EBITDA Calculation

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

Pieridae Energy'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
	=	(32.783	+	142.944)	/	91.381
	=	1.92

Pieridae Energy's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(33.952	+	142.519)	/	57.548
	=	3.07

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 (Mar. 2024) EBITDA data.

Pieridae Energy (TSX:PEA) 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.

Pieridae Energy Debt-to-EBITDA Related Terms

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

Pieridae Energy (TSX:PEA) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pieridae Energy Ltd (TSX:PEA) » Definitions » Debt-to-EBITDA

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PTOAF:USA

Address

308 - 4th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 0H7

Website

https://www.pieridaeenergy.com

Pieridae Energy Ltd is a Canadian owned corporation focused on the development of integrated energy-related activities, from exploration and extraction of natural gas to the development, construction and operation of Goldboro LNG facility and the production of LNG for sale to Europe and other markets. It is a mid-sized oil and gas entity including midstream operatorship, and three large, deep cut, sour gas plants and associated Sulphur forming facilities, together with various pipelines which are connected to the TC Energy NOVA pipeline system in Alberta Its upstream segment is comprised of petroleum and natural gas production operations and properties. It also includes the company's upstream operations in Eastern Canada and corporate overhead activities associated with these operations.

Executives

John Emery

Senior Officer

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