PJSC Lukoil (LSE:31KX) Debt-to-EBITDA : 0.76 (As of Sep. 2023) — Near Median

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What is PJSC Lukoil Debt-to-EBITDA?

PJSC Lukoil LSE:31KX 17 Debt-to-EBITDA is 0.76 as of Sep. 2023, which is 8% below its 10-year median of 0.83. GuruFocus rates LSE:31KX with a GF Score™ of 17/100. The stock has 6 warning signs investors should review.

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

PJSC Lukoil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £4,226.04 Mil. PJSC Lukoil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £909.74 Mil. PJSC Lukoil's annualized EBITDA for the quarter that ended in Sep. 2023 was £6,751.16 Mil. PJSC Lukoil's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 0.76.

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 PJSC Lukoil's Debt-to-EBITDA or its related term are showing as below:

LSE:31KX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.44   Med: 0.83   Max: 1.58
Current: 0.69

During the past 13 years, the highest Debt-to-EBITDA Ratio of PJSC Lukoil was 1.58. The lowest was 0.44. And the median was 0.83.

LSE:31KX's Debt-to-EBITDA is not ranked
in the Oil & Gas industry.
Industry Median: 1.925 vs LSE:31KX: 0.69

PJSC Lukoil  (LSE:31KX) 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.


PJSC Lukoil Debt-to-EBITDA Related Terms


PJSC Lukoil Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for PJSC Lukoil'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.

PJSC Lukoil Debt-to-EBITDA Chart

PJSC Lukoil Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.44 1.58 0.99 0.72

PJSC Lukoil Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 Premium Member Only Premium Member Only 0.94 0.94 1.31 0.31 0.76

LSE:31KX vs XOM, CVX: Debt-to-EBITDA Comparison

For the Oil & Gas Integrated subindustry, PJSC Lukoil'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.


PJSC Lukoil Debt-to-EBITDA vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PJSC Lukoil's Debt-to-EBITDA distribution charts can be found below:

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



PJSC Lukoil Debt-to-EBITDA Calculation

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

PJSC Lukoil's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(7662.57 + 1051.593) / 12077.171
=0.72

PJSC Lukoil's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(4226.044 + 909.736) / 6751.156
=0.76

* 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 (Sep. 2023) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 0.76 mean?
PJSC Lukoil (LSE:31KX) has a Debt-to-EBITDA of 0.76 as of Sep. 2023. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PJSC Lukoil. This is near median its historical median of 0.83. Over the past decade, PJSC Lukoil's Debt-to-EBITDA has ranged from 0.44 to 1.58.
Is PJSC Lukoil's Debt-to-EBITDA too high?
PJSC Lukoil's current Debt-to-EBITDA of 0.76 is near median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.58. The Oil & Gas industry median Debt-to-EBITDA is 1.93. PJSC Lukoil's value of 0.76 is 60.5% below this industry median. Overall, PJSC Lukoil has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PJSC Lukoil's Debt-to-EBITDA compare to XOM and CVX?
PJSC Lukoil's Debt-to-EBITDA of 0.76 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-EBITDA is 1.93. PJSC Lukoil's value of 0.76 is 60.5% below this benchmark. Historically, PJSC Lukoil's own Debt-to-EBITDA has ranged from 0.44 to 1.58 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 1.93, PJSC Lukoil has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 1.93, based on 720 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJSC Lukoil's current Debt-to-EBITDA of 0.76 is 60.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PJSC Lukoil. For the Oil & Gas industry, the median Debt-to-EBITDA is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJSC Lukoil's current Debt-to-EBITDA is 0.76, which is near median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC Lukoil stock overvalued right now?
PJSC Lukoil (LSE:31KX) has a current Debt-to-EBITDA of 0.76. The current Debt-to-EBITDA is 0.76, which is near median its 10-year median of 0.83 and 60.5% below the Oil & Gas industry median of 1.93. PJSC Lukoil's overall GF Score™ is 17/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For PJSC Lukoil (LSE:31KX), the current Debt-to-EBITDA is 0.76 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PJSC Lukoil Business Description

Industry EnergyOil & Gas
Address 11, Sretensky Boulevard, Moscow, RUS, 101000
PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.