Regional Express Holdings (ASX:REX) Debt-to-EBITDA : 5.83 (As of Dec. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:REX Regional Express Holdings Ltd ASX:REX
4 GF Score
Price A$0.57
View Full Analysis

What is Regional Express Holdings Debt-to-EBITDA?

Regional Express Holdings ASX:REX 4 Debt-to-EBITDA is 5.83 as of Dec. 2023. GuruFocus rates ASX:REX with a GF Score™ of 4/100.

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

Regional Express Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$40.6 Mil. Regional Express Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$368.8 Mil. Regional Express Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was A$70.3 Mil. Regional Express Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.83.

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 Regional Express Holdings's Debt-to-EBITDA or its related term are showing as below:

ASX:REX's Debt-to-EBITDA is not ranked *
in the Transportation industry.
Industry Median: 2.64
* Ranked among companies with meaningful Debt-to-EBITDA only.

Regional Express Holdings  (ASX:REX) 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.


Regional Express Holdings Debt-to-EBITDA Related Terms


Regional Express Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Regional Express Holdings'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.

Regional Express Holdings Debt-to-EBITDA Chart

Regional Express Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 -3.60 9.56 -8.68 4.76

Regional Express Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.37 23.50 8.50 3.31 5.83

ASX:REX vs DAL, LUV, UAL: Debt-to-EBITDA Comparison

For the Airlines subindustry, Regional Express Holdings'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.


Regional Express Holdings Debt-to-EBITDA vs Transportation Industry

For the Transportation industry and Industrials sector, Regional Express Holdings's Debt-to-EBITDA distribution charts can be found below:

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


ASX:REX
4GF Score
Regional Express Holdings Ltd ASX:REX
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Regional Express Holdings Debt-to-EBITDA Calculation

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

Regional Express Holdings's Debt-to-EBITDA for the fiscal year 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
=(28.534 + 297.394) / 68.522
=4.76

Regional Express Holdings'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
=(40.583 + 368.761) / 70.252
=5.83

* 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 (Dec. 2023) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 5.83 mean?
Regional Express Holdings (ASX:REX) has a Debt-to-EBITDA of 5.83 as of Dec. 2023. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Regional Express Holdings.
Is Regional Express Holdings' Debt-to-EBITDA too high?
Regional Express Holdings' current Debt-to-EBITDA is 5.83. The Transportation industry median Debt-to-EBITDA is 2.64. Regional Express Holdings' value of 5.83 is 120.8% above this industry median. Overall, Regional Express Holdings has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Regional Express Holdings' Debt-to-EBITDA compare to DAL and LUV?
Regional Express Holdings' Debt-to-EBITDA of 5.83 can be compared against companies in the Transportation industry. The industry median Debt-to-EBITDA is 2.64. Regional Express Holdings' value of 5.83 is 120.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.64, based on 869 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Regional Express Holdings's current Debt-to-EBITDA of 5.83 is 120.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Regional Express Holdings. For the Transportation industry, the median Debt-to-EBITDA is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Regional Express Holdings's current Debt-to-EBITDA is 5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Regional Express Holdings stock overvalued right now?
Regional Express Holdings (ASX:REX) has a current Debt-to-EBITDA of 5.83. The current Debt-to-EBITDA is 5.83 and 120.8% above the Transportation industry median of 2.64. Regional Express Holdings' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Regional Express Holdings (ASX:REX), the current Debt-to-EBITDA is 5.83 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Regional Express Holdings Business Description

Address 81-83 Baxter Road, Mascot, Sydney, NSW, AUS, 2020
Regional Express Holdings Ltd is an Australian-based airline company. The company is engaged in the provision of air services for the transportation of passengers and freight. Its operating segment includes Regular public transport, Charter and other, and Training. The company generates maximum revenue from the Regular public transport segment. Some of its services include Web Check-in; Print Invoices; Safe Hand Baggage; Travel Insurance and others.
4GF Score

Get the complete analysis for ASX:REX

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.57
Price