DOGEF (Orsted AS) Debt-to-EBITDA : 2.97 (As of Sep. 2024)

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What is Orsted AS Debt-to-EBITDA?

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

Orsted AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,315 Mil. Orsted AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $12,983 Mil. Orsted AS's annualized EBITDA for the quarter that ended in Sep. 2024 was $5,143 Mil. Orsted AS's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 2.97.

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

DOGEF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -17.78 Med: 1.6 Max: 4.24
Current: 4.24

During the past 11 years, the highest Debt-to-EBITDA Ratio of Orsted AS was 4.24. The lowest was -17.78. And the median was 1.60.

DOGEF's Debt-to-EBITDA is ranked better than
51.34% of 335 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.4 vs DOGEF: 4.24

Orsted AS Debt-to-EBITDA Historical Data

The historical data trend for Orsted AS'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.

Orsted AS Debt-to-EBITDA Chart

Orsted AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.09

1.55

2.76

2.35

-17.78

Orsted AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-EBITDA	Get a 7-Day Free Trial															-1.20	4.26	3.11	8.14	2.97

Competitive Comparison of Orsted AS's Debt-to-EBITDA

For the Utilities - Renewable subindustry, Orsted AS'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.

Orsted AS's Debt-to-EBITDA Distribution in the Utilities - Independent Power Producers Industry

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

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

Orsted AS Debt-to-EBITDA Calculation

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

Orsted AS'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
	=	(174.402	+	12707.614)	/	-724.527
	=	-17.78

Orsted AS's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2315.272	+	12983.031)	/	5143.196
	=	2.97

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 (Sep. 2024) EBITDA data.

Orsted AS (OTCPK:DOGEF) 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.

Orsted AS Debt-to-EBITDA Related Terms

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

Orsted AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Orsted AS (OTCPK:DOGEF) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

DNNGY:USA ORSTEc:UK 0RHE:UK ORSTED:Denmark D2G:Germany

Address

Kraftvaerksvej 53, Skaerbaek, Fredericia, DNK, DK-7000

Website

https://www.orsted.com

Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 8.9 gigawatts of offshore wind farms at the end of 2023. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the US Orsted also operates 4.8 GW of onshore wind and solar assets concentrated in the United States. The company is also involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.