NV Energy (FRA:SRQ) Debt-to-EBITDA : 2.68 (As of Sep. 2013)

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What is NV Energy Debt-to-EBITDA?

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

NV Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2013 was €97 Mil. NV Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2013 was €3,584 Mil. NV Energy's annualized EBITDA for the quarter that ended in Sep. 2013 was €1,372 Mil. NV Energy's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2013 was 2.68.

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

FRA:SRQ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0 Max: 4.39
Current: 4.39

During the past 13 years, the highest Debt-to-EBITDA Ratio of NV Energy was 4.39. The lowest was 0.00. And the median was 0.00.

FRA:SRQ's Debt-to-EBITDA is not ranked
in the Utilities - Regulated industry.
Industry Median: 3.81 vs FRA:SRQ: 4.39

NV Energy Debt-to-EBITDA Historical Data

The historical data trend for NV Energy'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.

NV Energy Debt-to-EBITDA Chart

NV Energy Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Debt-to-EBITDA

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6.49

6.14

5.40

5.32

4.32

NV Energy Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Debt-to-EBITDA	Get a 7-Day Free Trial															2.48	6.53	6.24	4.68	2.68

Competitive Comparison of NV Energy's Debt-to-EBITDA

For the Utilities - Regulated Electric subindustry, NV Energy'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.

NV Energy's Debt-to-EBITDA Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, NV Energy's Debt-to-EBITDA distribution charts can be found below:

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

NV Energy Debt-to-EBITDA Calculation

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

NV Energy's Debt-to-EBITDA for the fiscal year that ended in Dec. 2012 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(271.488	+	3558.386)	/	885.98
	=	4.32

NV Energy's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2013 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(96.834	+	3584.273)	/	1371.6
	=	2.68

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. 2013) EBITDA data.

NV Energy (FRA:SRQ) 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.

NV Energy Debt-to-EBITDA Related Terms

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

NV Energy (FRA:SRQ) Business Description

Industry

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Address

Website

http://www.nvenergy.com

NV Energy, Inc., is an investor-owned holding Company that was incorporated under Nevada law on December 12, 1983. The Company has four main, wholly-owned subsidiaries: Nevada Power Company d/b/a NV Energy, Sierra Pacific Power Company d/b/a NV Energy, NVE Insurance Company, Inc. and Lands of Sierra. The Company's Utilities operate three regulated business segments which are NPC electric, SPPC electric and SPPC natural gas. The Utilities are public utilities engaged in the generation, transmission, distribution and sale of electricity and, in the case of SPPC, sale of natural gas. NPC and SPPC are public utilities that generate, transmit and distribute electric energy in Nevada and, in the case of SPPC also deliver natural gas service. At year-end 2011, NVE served approximately 1.2 million electric customers, of which 840,000 electric customers primarily in Las Vegas, North Las Vegas, Henderson and adjoining areas were served by NPC, and approximately 323,000 electric customers in an approximate 50,000 square mile area of western, central and northeastern Nevada, including the cities of Reno, Sparks, Carson City, and Elko were served by SPPC. Additionally, SPPC provided natural gas service to approximately 152,000 customers in an area of about 800 square miles in Nevada's Reno/Sparks area. Major industries served by the Utilities include gaming/recreation, mining, warehousing/manufacturing and governmental entities. The Utilities are subject to extensive federal, state and local laws and regulations relating to environmental protection.

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