Drax Group (Drax Group) Debt-to-EBITDA : 1.23 (As of Dec. 2023)

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What is Drax Group Debt-to-EBITDA?

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

Drax Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $366 Mil. Drax Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,610 Mil. Drax Group's annualized EBITDA for the quarter that ended in Dec. 2023 was $1,602 Mil. Drax Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.23.

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 Drax Group's Debt-to-EBITDA or its related term are showing as below:

DRXGY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -51.73 Med: 2.25 Max: 77.18
Current: 1.38

During the past 13 years, the highest Debt-to-EBITDA Ratio of Drax Group was 77.18. The lowest was -51.73. And the median was 2.25.

DRXGY's Debt-to-EBITDA is ranked better than
83.23% of 322 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.455 vs DRXGY: 1.38

Drax Group Debt-to-EBITDA Historical Data

The historical data trend for Drax Group'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.

Drax Group Debt-to-EBITDA Chart

Drax Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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5.18

77.18

3.86

4.05

1.38

Drax Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															3.49	2.15	19.73	1.51	1.23

Competitive Comparison of Drax Group's Debt-to-EBITDA

For the Utilities - Renewable subindustry, Drax Group'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.

Drax Group's Debt-to-EBITDA Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Drax Group's Debt-to-EBITDA distribution charts can be found below:

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

Drax Group Debt-to-EBITDA Calculation

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

Drax Group'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
	=	(366.203	+	1609.873)	/	1433.165
	=	1.38

Drax Group'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
	=	(366.203	+	1609.873)	/	1601.518
	=	1.23

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 (Dec. 2023) EBITDA data.

Drax Group (OTCPK:DRXGY) 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.

Drax Group Debt-to-EBITDA Related Terms

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

Drax Group (Drax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Drax Group PLC (OTCPK:DRXGY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

DRXGF:USA DRXl:UK DRX:UK D9F2:Germany

Address

Drax Power Station, Selby, North Yorkshire, GBR, YO8 8PH

Website

http://www.drax.com

Drax Group PLC is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. It operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. The company also operates a global bioenergy supply business with manufacturing facilities at around 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.