Elopak ASA (OSL:ELO) Debt-to-EBITDA : 1.68 (As of Mar. 2024)

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What is Elopak ASA Debt-to-EBITDA?

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

Elopak ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr544 Mil. Elopak ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr3,293 Mil. Elopak ASA's annualized EBITDA for the quarter that ended in Mar. 2024 was kr2,284 Mil. Elopak ASA's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 1.68.

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 Elopak ASA's Debt-to-EBITDA or its related term are showing as below:

OSL:ELO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.85 Med: 2.84 Max: 4.36
Current: 1.85

During the past 6 years, the highest Debt-to-EBITDA Ratio of Elopak ASA was 4.36. The lowest was 1.85. And the median was 2.84.

OSL:ELO's Debt-to-EBITDA is ranked better than
61.68% of 321 companies
in the Packaging & Containers industry
Industry Median: 2.62 vs OSL:ELO: 1.85

Elopak ASA Debt-to-EBITDA Historical Data

The historical data trend for Elopak ASA'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.

Elopak ASA Debt-to-EBITDA Chart

Elopak ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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4.36

2.56

2.45

3.13

2.01

Elopak ASA Quarterly Data
	Dec18	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														2.32	2.19	1.86	2.51	1.68

Competitive Comparison of Elopak ASA's Debt-to-EBITDA

For the Packaging & Containers subindustry, Elopak ASA'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.

Elopak ASA's Debt-to-EBITDA Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Elopak ASA's Debt-to-EBITDA distribution charts can be found below:

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

Elopak ASA Debt-to-EBITDA Calculation

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

Elopak ASA'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
	=	(488.114	+	3484.144)	/	1976.856
	=	2.01

Elopak ASA'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
	=	(544.481	+	3292.715)	/	2284.324
	=	1.68

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.

Elopak ASA (OSL:ELO) 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.

Elopak ASA Debt-to-EBITDA Related Terms

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

Elopak ASA (OSL:ELO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Elopak ASA (OSL:ELO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ELOo:Sweden 0AB3E:UK 9J7:Germany

Address

Industriveien 30, Spikkestad, NOR, 3430

Website

https://www.elopak.com

Elopak ASA is a supplier of carton packaging and filling equipment. It uses renewable, recyclable, and sustainably sourced materials to provide packaging solutions. The company offers a natural and convenient alternative to plastic bottles and fits within a low carbon circular economy. It generates the majority of its revenue from Cartons and closures, followed by Equipment and services. The company's geographical segments include Germany, the United States, Canada, the Netherlands, Norway. and others.

Elopak ASA (OSL:ELO) Headlines

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