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P10 (PX) Debt-to-EBITDA : 5.85 (As of Dec. 2023)


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What is P10 Debt-to-EBITDA?

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

P10's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $88.9 Mil. P10's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $221.3 Mil. P10's annualized EBITDA for the quarter that ended in Dec. 2023 was $53.0 Mil. P10's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.85.

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 P10's Debt-to-EBITDA or its related term are showing as below:

PX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.03   Med: 6.37   Max: 12.27
Current: 6.37

During the past 5 years, the highest Debt-to-EBITDA Ratio of P10 was 12.27. The lowest was 4.03. And the median was 6.37.

PX's Debt-to-EBITDA is ranked worse than
82.38% of 369 companies
in the Asset Management industry
Industry Median: 1.22 vs PX: 6.37

P10 Debt-to-EBITDA Historical Data

The historical data trend for P10'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.

P10 Debt-to-EBITDA Chart

P10 Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
6.52 12.27 4.03 4.26 6.37

P10 Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.28 6.17 4.31 11.67 5.85

Competitive Comparison of P10's Debt-to-EBITDA

For the Asset Management subindustry, P10'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.


P10's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, P10's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where P10's Debt-to-EBITDA falls into.



P10 Debt-to-EBITDA Calculation

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

P10'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
=(88.852 + 221.27) / 48.691
=6.37

P10'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
=(88.852 + 221.27) / 53.02
=5.85

* 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 four times the quarterly (Dec. 2023) EBITDA data.


P10  (NYSE:PX) 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.


P10 Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of P10's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


P10 (PX) Business Description

Traded in Other Exchanges
Address
4514 Cole Avenue, Suite 1600, Dallas, TX, USA, 75205
P10 Inc is a multi-asset class private market solutions provider in the alternative asset management industry. Its revenue is composed of recurring management and advisory fees, with the vast majority of fees earned on committed capital.
Executives
Michael Feinglass 10 percent owner C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Andrew Rowan Nelson 10 percent owner C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Alexander I. Abell 10 percent owner C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Edwin A. Poston director, other: See Remarks C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
David M. Mccoy 10 percent owner C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Sarsfield Luke A. Iii director, officer: Chief Executive Officer C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Jon I. Madorsky Revocable Trust Dated December 1, 2008 other: See Remarks C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Travis H. Barnes director C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Stewart Robert B Jr director 520 NEWPORT CENTER DR., 12TH FLOOR, NEWPORT BEACH CA 92660
C Clark Webb 10 percent owner 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
Covenant Rha Partners, L.p. 10 percent owner 8214 WESTCHESTER DRIVE, SUITE 650, DALLAS TX 75225
Mel Williams 10 percent owner C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Thomas P. Danis, Jr. Revocable Living Trust Dated March 10, 2003 10 percent owner C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Truebridge Colonial Fund, U/a Dated 11/15/2015 10 percent owner C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Souder Family Llc 10 percent owner C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205