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Smart Gunes Teknolojileri (IST:SMRTG) Debt-to-EBITDA : 6.64 (As of Jun. 2024)


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What is Smart Gunes Teknolojileri Debt-to-EBITDA?

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

Smart Gunes Teknolojileri's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₺3,097 Mil. Smart Gunes Teknolojileri's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₺2,316 Mil. Smart Gunes Teknolojileri's annualized EBITDA for the quarter that ended in Jun. 2024 was ₺815 Mil. Smart Gunes Teknolojileri's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 6.64.

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 Smart Gunes Teknolojileri's Debt-to-EBITDA or its related term are showing as below:

IST:SMRTG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.82   Med: 1.14   Max: 2.99
Current: 2.99

During the past 6 years, the highest Debt-to-EBITDA Ratio of Smart Gunes Teknolojileri was 2.99. The lowest was 0.82. And the median was 1.14.

IST:SMRTG's Debt-to-EBITDA is ranked worse than
66.1% of 711 companies
in the Semiconductors industry
Industry Median: 1.48 vs IST:SMRTG: 2.99

Smart Gunes Teknolojileri Debt-to-EBITDA Historical Data

The historical data trend for Smart Gunes Teknolojileri'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.

Smart Gunes Teknolojileri Debt-to-EBITDA Chart

Smart Gunes Teknolojileri Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial 1.23 0.83 1.05 2.45 2.54

Smart Gunes Teknolojileri Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 2.92 1.38 1.81 6.64

Competitive Comparison of Smart Gunes Teknolojileri's Debt-to-EBITDA

For the Solar subindustry, Smart Gunes Teknolojileri'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.


Smart Gunes Teknolojileri's Debt-to-EBITDA Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Smart Gunes Teknolojileri's Debt-to-EBITDA distribution charts can be found below:

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



Smart Gunes Teknolojileri Debt-to-EBITDA Calculation

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

Smart Gunes Teknolojileri'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
=(1849.504 + 2014.144) / 1519.755
=2.54

Smart Gunes Teknolojileri's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3097.445 + 2316.138) / 815.348
=6.64

* 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.

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 (Jun. 2024) EBITDA data.


Smart Gunes Teknolojileri  (IST:SMRTG) 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.


Smart Gunes Teknolojileri Debt-to-EBITDA Related Terms

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


Smart Gunes Teknolojileri Business Description

Traded in Other Exchanges
N/A
Address
Ruzgarlibahce, Feragat Sk. No:2, 34805 Beykoz, Istanbul, TUR
Smart Gunes Teknolojileri is an integrated solar energy company operating in the area of turnkey installation services and PV module production offers a wide range of solar energy solutions to commercial and retail users. The company provides photovoltaic solar panels based on crystal silicon cells for use in the field and rooftop solar plants.

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