Tekmar Group (LSE:TGP) Debt-to-EBITDA : 3.74 (As of Mar. 2024)

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What is Tekmar Group Debt-to-EBITDA?

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

Tekmar Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £6.62 Mil. Tekmar Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £0.72 Mil. Tekmar Group's annualized EBITDA for the quarter that ended in Mar. 2024 was £1.96 Mil. Tekmar Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 3.73.

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 Tekmar Group's Debt-to-EBITDA or its related term are showing as below:

LSE:TGP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.01 Med: 0.2 Max: 11.25
Current: -1.21

During the past 8 years, the highest Debt-to-EBITDA Ratio of Tekmar Group was 11.25. The lowest was -3.01. And the median was 0.20.

LSE:TGP's Debt-to-EBITDA is ranked worse than
100% of 1311 companies
in the Construction industry
Industry Median: 2.29 vs LSE:TGP: -1.21

Tekmar Group Debt-to-EBITDA Historical Data

The historical data trend for Tekmar Group'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.

Tekmar Group Debt-to-EBITDA Chart

Tekmar Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Sep22

Sep23

Debt-to-EBITDA

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6.81

0.20

0.19

-3.01

-1.10

Tekmar Group Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial									-1.65	-5.32	-23.70	-0.56	3.74

Competitive Comparison of Tekmar Group's Debt-to-EBITDA

For the Engineering & Construction subindustry, Tekmar Group'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.

Tekmar Group's Debt-to-EBITDA Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tekmar Group's Debt-to-EBITDA distribution charts can be found below:

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

Tekmar Group Debt-to-EBITDA Calculation

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

Tekmar Group's Debt-to-EBITDA for the fiscal year 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
	=	(7.046	+	0.834)	/	-7.197
	=	-1.09

Tekmar Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(6.616	+	0.719)	/	1.964
	=	3.73

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 (Mar. 2024) EBITDA data.

Tekmar Group (LSE:TGP) 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.

Tekmar Group Debt-to-EBITDA Related Terms

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

Tekmar Group (LSE:TGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tekmar Group PLC (LSE:TGP) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

6UA:Germany

Address

Centurion Way, Innovation House, Darlington, GBR, DL3 0UP

Website

https://www.tekmargroup.com

Tekmar Group PLC is engaged in the designing, manufacturing, and supply of subsea cable, umbilical, and flexible protection systems. Its sector includes Offshore Wind, Oil & Gas, Interconnectors, Wave & Tidal, Marine Civils, and Telecoms. Geographically it has a presence in the UK and Ireland, China, the USA and Canada, the Middle East, and the Rest of the World, and the majority of the revenue comes from Europe.