ECO (Okeanis Eco Tankers) Debt-to-EBITDA : 4.19 (As of Sep. 2024)

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What is Okeanis Eco Tankers Debt-to-EBITDA?

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

Okeanis Eco Tankers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $46.5 Mil. Okeanis Eco Tankers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $610.7 Mil. Okeanis Eco Tankers's annualized EBITDA for the quarter that ended in Sep. 2024 was $156.9 Mil. Okeanis Eco Tankers's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 4.19.

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 Okeanis Eco Tankers's Debt-to-EBITDA or its related term are showing as below:

ECO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.84 Med: 4.71 Max: 11.41
Current: 3.05

During the past 6 years, the highest Debt-to-EBITDA Ratio of Okeanis Eco Tankers was 11.41. The lowest was 2.84. And the median was 4.71.

ECO's Debt-to-EBITDA is ranked worse than
56.05% of 851 companies
in the Transportation industry
Industry Median: 2.64 vs ECO: 3.05

Okeanis Eco Tankers Debt-to-EBITDA Historical Data

The historical data trend for Okeanis Eco Tankers'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.

Okeanis Eco Tankers Debt-to-EBITDA Chart

Okeanis Eco Tankers Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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11.41

4.71

8.90

4.69

2.84

Okeanis Eco Tankers 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															3.90	3.93	2.57	2.58	4.19

Competitive Comparison of Okeanis Eco Tankers's Debt-to-EBITDA

For the Marine Shipping subindustry, Okeanis Eco Tankers'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.

Okeanis Eco Tankers's Debt-to-EBITDA Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Okeanis Eco Tankers's Debt-to-EBITDA distribution charts can be found below:

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

Okeanis Eco Tankers Debt-to-EBITDA Calculation

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

Okeanis Eco Tankers'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
	=	(77.949	+	615.334)	/	244.315
	=	2.84

Okeanis Eco Tankers'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
	=	(46.53	+	610.724)	/	156.852
	=	4.19

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.

Okeanis Eco Tankers (NYSE:ECO) 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.

Okeanis Eco Tankers Debt-to-EBITDA Related Terms

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

Okeanis Eco Tankers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okeanis Eco Tankers Corp (NYSE:ECO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

OETo:Sweden OET:Norway OETo:UK 7OK:Germany

Address

Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547

Website

https://www.okeanisecotankers.com

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.