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Renaissance ServicesOG (MUS:RNSS) Debt-to-EBITDA : 5.08 (As of Mar. 2024)


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What is Renaissance ServicesOG Debt-to-EBITDA?

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

Renaissance ServicesOG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ر.ع9.1 Mil. Renaissance ServicesOG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ر.ع58.9 Mil. Renaissance ServicesOG's annualized EBITDA for the quarter that ended in Mar. 2024 was ر.ع13.4 Mil. Renaissance ServicesOG's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 5.08.

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 Renaissance ServicesOG's Debt-to-EBITDA or its related term are showing as below:

MUS:RNSS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -120.08   Med: 5.75   Max: 42.03
Current: 3.57

During the past 13 years, the highest Debt-to-EBITDA Ratio of Renaissance ServicesOG was 42.03. The lowest was -120.08. And the median was 5.75.

MUS:RNSS's Debt-to-EBITDA is ranked worse than
69.54% of 824 companies
in the Business Services industry
Industry Median: 1.92 vs MUS:RNSS: 3.57

Renaissance ServicesOG Debt-to-EBITDA Historical Data

The historical data trend for Renaissance ServicesOG'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.

Renaissance ServicesOG Debt-to-EBITDA Chart

Renaissance ServicesOG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.85 5.81 5.70 4.48 3.60

Renaissance ServicesOG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.64 5.40 4.97 2.00 5.08

Competitive Comparison of Renaissance ServicesOG's Debt-to-EBITDA

For the Specialty Business Services subindustry, Renaissance ServicesOG'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.


Renaissance ServicesOG's Debt-to-EBITDA Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Renaissance ServicesOG's Debt-to-EBITDA distribution charts can be found below:

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



Renaissance ServicesOG Debt-to-EBITDA Calculation

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

Renaissance ServicesOG'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
=(8.675 + 61.728) / 19.547
=3.60

Renaissance ServicesOG'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
=(9.121 + 58.937) / 13.408
=5.08

* 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 (Mar. 2024) EBITDA data.


Renaissance ServicesOG  (MUS:RNSS) 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.


Renaissance ServicesOG Debt-to-EBITDA Related Terms

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


Renaissance ServicesOG (MUS:RNSS) Business Description

Traded in Other Exchanges
N/A
Address
Renaissance House, P.O. Box 1676, Muttrah, OMN, 114
Renaissance Services SAOG provides vessel chartering, contract, accommodation, and integrated facilities management services to the oil and gas industry. Its segments include contract services which consist of contract services, accommodation solutions, and integrated facilities management (IFM) services. Geographically, it derives most of its revenue from Oman.

Renaissance ServicesOG (MUS:RNSS) Headlines

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