Mast Energy Developments (LSE:MAST) Debt-to-EBITDA : -0.37 (As of Dec. 2023)

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What is Mast Energy Developments Debt-to-EBITDA?

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

Mast Energy Developments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £1.30 Mil. Mast Energy Developments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.72 Mil. Mast Energy Developments's annualized EBITDA for the quarter that ended in Dec. 2023 was £-5.49 Mil. Mast Energy Developments's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.37.

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

LSE:MAST' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.85 Med: -0.72 Max: -0.6
Current: -0.6

During the past 3 years, the highest Debt-to-EBITDA Ratio of Mast Energy Developments was -0.60. The lowest was -0.85. And the median was -0.72.

LSE:MAST's Debt-to-EBITDA is ranked worse than
100% of 328 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.415 vs LSE:MAST: -0.60

Mast Energy Developments Debt-to-EBITDA Historical Data

The historical data trend for Mast Energy Developments'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.

Mast Energy Developments Debt-to-EBITDA Chart

Mast Energy Developments Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

N/A

-0.85

-0.60

Mast Energy Developments Semi-Annual Data
	Mar20	Mar21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-2.69	-2.01	-0.57	-1.85	-0.37

Competitive Comparison of Mast Energy Developments's Debt-to-EBITDA

For the Utilities - Renewable subindustry, Mast Energy Developments'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.

Mast Energy Developments's Debt-to-EBITDA Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Mast Energy Developments's Debt-to-EBITDA distribution charts can be found below:

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

Mast Energy Developments Debt-to-EBITDA Calculation

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

Mast Energy Developments'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
	=	(1.298	+	0.724)	/	-3.375
	=	-0.60

Mast Energy Developments'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
	=	(1.298	+	0.724)	/	-5.488
	=	-0.37

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.

Mast Energy Developments (LSE:MAST) 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.

Mast Energy Developments Debt-to-EBITDA Related Terms

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

Mast Energy Developments (LSE:MAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Mast Energy Developments PLC (LSE:MAST) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

97D:Germany

Address

Salisbury House, London Wall, London, GBR, EC2M 5PS

Website

https://www.med.energy

Mast Energy Developments PLC is a UK-based multi-asset operator in the Reserve Power market. The company's business is to acquire and develop a portfolio of flexible small-scale power generation assets, exploiting a growing niche market in the UK for reserve power generation to balance out the national grid at critical times.

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