Italgas SpA (MIL:IG) Debt-to-EBITDA : 5.64 (As of Jun. 2023)

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What is Italgas SpA Debt-to-EBITDA?

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

Italgas SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €514 Mil. Italgas SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €6,476 Mil. Italgas SpA's annualized EBITDA for the quarter that ended in Jun. 2023 was €1,240 Mil. Italgas SpA's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 5.64.

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 Italgas SpA's Debt-to-EBITDA or its related term are showing as below:

MIL:IG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.65 Med: 5.18 Max: 8.53
Current: 0.65

During the past 8 years, the highest Debt-to-EBITDA Ratio of Italgas SpA was 8.53. The lowest was 0.65. And the median was 5.18.

MIL:IG's Debt-to-EBITDA is ranked better than
86.27% of 459 companies
in the Utilities - Regulated industry
Industry Median: 3.53 vs MIL:IG: 0.65

Italgas SpA Debt-to-EBITDA Historical Data

The historical data trend for Italgas SpA'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.

Italgas SpA Debt-to-EBITDA Chart

Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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4.68

5.18

6.23

5.84

0.65

Italgas SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial										6.09	6.16	5.48	5.64	0.67

Competitive Comparison of Italgas SpA's Debt-to-EBITDA

For the Utilities - Regulated Gas subindustry, Italgas SpA'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.

Italgas SpA's Debt-to-EBITDA Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Debt-to-EBITDA distribution charts can be found below:

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

Italgas SpA Debt-to-EBITDA Calculation

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

Italgas SpA'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
	=	(142.437	+	6402.913)	/	1119.931
	=	5.84

Italgas SpA's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(514.243	+	6475.863)	/	1239.828
	=	5.64

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 (Jun. 2023) EBITDA data.

Italgas SpA (MIL:IG) 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.

Italgas SpA Debt-to-EBITDA Related Terms

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

Italgas SpA (MIL:IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Italgas SpA (MIL:IG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ITGGF:USA IGm:UK 0RK1:UK I10:Germany

Address

Via Carlo Bo 11, Milano, ITA, 20143

Website

https://www.italgas.it

Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of the revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.

Italgas SpA (MIL:IG) Headlines

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