Elastron (ATH:ELSTR) Debt-to-EBITDA : 5.59 (As of Jun. 2023)

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What is Elastron Debt-to-EBITDA?

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

Elastron's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €8.5 Mil. Elastron's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €51.3 Mil. Elastron's annualized EBITDA for the quarter that ended in Jun. 2023 was €10.7 Mil. Elastron's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 5.59.

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

ATH:ELSTR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -235.46 Med: 6.34 Max: 16.66
Current: 6.54

During the past 13 years, the highest Debt-to-EBITDA Ratio of Elastron was 16.66. The lowest was -235.46. And the median was 6.34.

ATH:ELSTR's Debt-to-EBITDA is ranked worse than
77.78% of 486 companies
in the Steel industry
Industry Median: 2.79 vs ATH:ELSTR: 6.54

Elastron Debt-to-EBITDA Historical Data

The historical data trend for Elastron'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.

Elastron Debt-to-EBITDA Chart

Elastron Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

Get a 7-Day Free Trial

11.28

12.14

6.79

2.21

3.50

Elastron Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-EBITDA	Get a 7-Day Free Trial															1.83	2.95	1.91	8.69	5.59

Competitive Comparison of Elastron's Debt-to-EBITDA

For the Steel subindustry, Elastron'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.

Elastron's Debt-to-EBITDA Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Elastron's Debt-to-EBITDA distribution charts can be found below:

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

Elastron Debt-to-EBITDA Calculation

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

Elastron'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
	=	(11.549	+	54.212)	/	18.811
	=	3.50

Elastron'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
	=	(8.523	+	51.3)	/	10.71
	=	5.59

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.

Elastron (ATH:ELSTR) 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.

Elastron Debt-to-EBITDA Related Terms

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

Elastron (ATH:ELSTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Elastron SA (ATH:ELSTR) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Agios Loannis Avenue, Aspropyrgos, GRC, 193 00

Website

http://www.elastron.gr

Elastron SA is a Greece based company engaged in importing, processing, and trading of steel, steel plates, iron and metal goods, and related goods. The business segments are Steel products, Energy segment, and Agricultural products. The company processes, produces and resells steel products and insulated composite panels in Steel products segment. Electrical energy segment includes production of electric energy from photovoltaic stations. Agricultural products segment consists production of agricultural products from glasshouse cultivations. The group generates majority of the revenue from the Steel products segment. It makes sales in Greece, and internationally, of which sales in Greece constitutes mainly to the revenue.

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