MDU Resources Group (FRA:MRE) Debt-to-EBITDA : 3.95 (As of Sep. 2024)

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What is MDU Resources Group Debt-to-EBITDA?

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

MDU Resources Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €222 Mil. MDU Resources Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €2,069 Mil. MDU Resources Group's annualized EBITDA for the quarter that ended in Sep. 2024 was €580 Mil. MDU Resources Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 3.95.

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 MDU Resources Group's Debt-to-EBITDA or its related term are showing as below:

FRA:MRE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.68 Med: 3.2 Max: 5.17
Current: 3.39

During the past 13 years, the highest Debt-to-EBITDA Ratio of MDU Resources Group was 5.17. The lowest was 2.68. And the median was 3.20.

FRA:MRE's Debt-to-EBITDA is ranked worse than
55.2% of 433 companies
in the Conglomerates industry
Industry Median: 3.01 vs FRA:MRE: 3.39

MDU Resources Group Debt-to-EBITDA Historical Data

The historical data trend for MDU Resources Group'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.

MDU Resources Group Debt-to-EBITDA Chart

MDU Resources Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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3.13

2.78

5.17

4.19

2.84

MDU Resources Group 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															3.85	2.75	3.00	3.87	3.95

Competitive Comparison of MDU Resources Group's Debt-to-EBITDA

For the Conglomerates subindustry, MDU Resources Group'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.

MDU Resources Group's Debt-to-EBITDA Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, MDU Resources Group's Debt-to-EBITDA distribution charts can be found below:

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

MDU Resources Group Debt-to-EBITDA Calculation

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

MDU Resources Group'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
	=	(164.329	+	2098.599)	/	795.776
	=	2.84

MDU Resources Group'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
	=	(222.466	+	2068.776)	/	579.532
	=	3.95

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.

MDU Resources Group (FRA:MRE) 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.

MDU Resources Group Debt-to-EBITDA Related Terms

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

MDU Resources Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » MDU Resources Group Inc (FRA:MRE) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

MDU:USA

Address

1200 West Century Avenue, P.O. Box 5650, Bismarck, ND, USA, 58506-5650

Website

https://www.mdu.com

MDU Resources Group Inc operates in five business segments, which includes: Electric segment, which generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming; The natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon and Washington; The pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system in the Rocky Mountain and northern Great Plains regions of the United States; The construction services segment provides a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services.

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