Ashtead Technology Holdings (LSE:AT.) Debt-to-EBITDA : 1.57 (As of Dec. 2023)

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What is Ashtead Technology Holdings Debt-to-EBITDA?

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

Ashtead Technology Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £1.2 Mil. Ashtead Technology Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £71.3 Mil. Ashtead Technology Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was £46.2 Mil. Ashtead Technology Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.57.

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 Ashtead Technology Holdings's Debt-to-EBITDA or its related term are showing as below:

LSE:AT.' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.4 Med: 1.88 Max: 3.2
Current: 1.64

During the past 7 years, the highest Debt-to-EBITDA Ratio of Ashtead Technology Holdings was 3.20. The lowest was 1.40. And the median was 1.88.

LSE:AT.'s Debt-to-EBITDA is ranked better than
51.73% of 723 companies
in the Oil & Gas industry
Industry Median: 1.74 vs LSE:AT.: 1.64

Ashtead Technology Holdings Debt-to-EBITDA Historical Data

The historical data trend for Ashtead Technology Holdings'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.

Ashtead Technology Holdings Debt-to-EBITDA Chart

Ashtead Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.76

3.20

1.69

1.40

1.64

Ashtead Technology Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial					1.82	1.04	1.29	0.78	1.57

Competitive Comparison of Ashtead Technology Holdings's Debt-to-EBITDA

For the Oil & Gas Equipment & Services subindustry, Ashtead Technology Holdings'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.

Ashtead Technology Holdings's Debt-to-EBITDA Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ashtead Technology Holdings's Debt-to-EBITDA falls into.

Ashtead Technology Holdings Debt-to-EBITDA Calculation

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

Ashtead Technology Holdings'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
	=	(1.177	+	71.329)	/	44.148
	=	1.64

Ashtead Technology Holdings's annualized Debt-to-EBITDA for the quarter 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
	=	(1.177	+	71.329)	/	46.226
	=	1.57

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 two times the quarterly (Dec. 2023) EBITDA data.

Ashtead Technology Holdings (LSE:AT.) 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.

Ashtead Technology Holdings Debt-to-EBITDA Related Terms

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

Ashtead Technology Holdings (LSE:AT.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ashtead Technology Holdings PLC (LSE:AT.) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

Y9R:Germany

Address

Ashtead House, Discovery Drive, Westhill, Aberdeenshire, GBR, AB32 6FG

Website

https://www.ashtead-technology.com

Ashtead Technology Holdings PLC is a subsea equipment rental and solutions organization supporting the installation, inspection, maintenance, repair, and decommissioning of infrastructure across the offshore energy industry. Its service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure. The company operates in the following four geographic regions, which have been determined as the Group's reportable segments. The operations of each geographic region are similar: Europe; the Americas; Asia-Pacific and the Middle East.

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