Shelf Drilling (North Sea) (OSL:SDNS) Debt-to-EBITDA : 119.24 (As of Dec. 2023)

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What is Shelf Drilling (North Sea) Debt-to-EBITDA?

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

Shelf Drilling (North Sea)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr140 Mil. Shelf Drilling (North Sea)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr2,376 Mil. Shelf Drilling (North Sea)'s annualized EBITDA for the quarter that ended in Dec. 2023 was kr21 Mil. Shelf Drilling (North Sea)'s annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 119.24.

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 Shelf Drilling (North Sea)'s Debt-to-EBITDA or its related term are showing as below:

OSL:SDNS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 9.67 Med: 10.29 Max: 10.81
Current: 9.67

During the past 3 years, the highest Debt-to-EBITDA Ratio of Shelf Drilling (North Sea) was 10.81. The lowest was 9.67. And the median was 10.29.

OSL:SDNS's Debt-to-EBITDA is ranked worse than
93.72% of 716 companies
in the Oil & Gas industry
Industry Median: 1.76 vs OSL:SDNS: 9.67

Shelf Drilling (North Sea) Debt-to-EBITDA Historical Data

The historical data trend for Shelf Drilling (North Sea)'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.

Shelf Drilling (North Sea) Debt-to-EBITDA Chart

Shelf Drilling (North Sea) Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

N/A

10.81

9.78

Shelf Drilling (North Sea) Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial					2.52	6.18	7.25	10.23	119.24

Competitive Comparison of Shelf Drilling (North Sea)'s Debt-to-EBITDA

For the Oil & Gas Equipment & Services subindustry, Shelf Drilling (North Sea)'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.

Shelf Drilling (North Sea)'s Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shelf Drilling (North Sea)'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Shelf Drilling (North Sea)'s Debt-to-EBITDA falls into.

Shelf Drilling (North Sea) Debt-to-EBITDA Calculation

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

Shelf Drilling (North Sea)'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
	=	(140.307	+	2375.725)	/	257.405
	=	9.77

Shelf Drilling (North Sea)'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
	=	(140.307	+	2375.725)	/	21.1
	=	119.24

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 (Dec. 2023) EBITDA data.

Shelf Drilling (North Sea) (OSL:SDNS) 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.

Shelf Drilling (North Sea) Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Shelf Drilling (North Sea)'s Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Shelf Drilling (North Sea) (OSL:SDNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling (North Sea) Ltd (OSL:SDNS) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lakes Towers, JLT, Floor 12, P.O. Box 212201, Jumeirah, Dubai, ARE

Website

https://www.shelfdrillingnorthsea.com

Shelf Drilling (North Sea) Ltd is a shallow-water offshore drilling contractor operating primarily in the North Sea. It is engaged in the provision of equipment and services for the drilling, completion and well maintenance of shallow water offshore oil and natural gas wells. The Group is primarily engaged in development and workover activity on producing assets, with a focus on shallow water operations in water depths of up to 500 feet.

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