Lumi Rental Co (SAU:4262) Debt-to-EBITDA : 2.69 (As of Jun. 2024)

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What is Lumi Rental Co Debt-to-EBITDA?

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

Lumi Rental Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼615 Mil. Lumi Rental Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼1,324 Mil. Lumi Rental Co's annualized EBITDA for the quarter that ended in Jun. 2024 was ﷼720 Mil. Lumi Rental Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 2.69.

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 Lumi Rental Co's Debt-to-EBITDA or its related term are showing as below:

SAU:4262' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.31 Med: 2.09 Max: 3.39
Current: 3.39

During the past 2 years, the highest Debt-to-EBITDA Ratio of Lumi Rental Co was 3.39. The lowest was 1.31. And the median was 2.09.

SAU:4262's Debt-to-EBITDA is ranked worse than
68.72% of 828 companies
in the Business Services industry
Industry Median: 1.905 vs SAU:4262: 3.39

Lumi Rental Co Debt-to-EBITDA Historical Data

The historical data trend for Lumi Rental Co'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.

Lumi Rental Co Debt-to-EBITDA Chart

Lumi Rental Co Annual Data

Trend

Dec22

Dec23

Debt-to-EBITDA

1.31

2.88

Lumi Rental Co Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-EBITDA	Get a 7-Day Free Trial			-	2.09	3.61	2.61	2.69

Competitive Comparison of Lumi Rental Co's Debt-to-EBITDA

For the Rental & Leasing Services subindustry, Lumi Rental Co'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.

Lumi Rental Co's Debt-to-EBITDA Distribution in the Business Services Industry

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

* The bar in red indicates where Lumi Rental Co's Debt-to-EBITDA falls into.

Lumi Rental Co Debt-to-EBITDA Calculation

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

Lumi Rental Co'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
	=	(446.465	+	988.702)	/	499.067
	=	2.88

Lumi Rental Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(615.349	+	1323.833)	/	719.884
	=	2.69

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 (Jun. 2024) EBITDA data.

Lumi Rental Co (SAU:4262) 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.

Lumi Rental Co Debt-to-EBITDA Related Terms

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

Lumi Rental Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lumi Rental Co (SAU:4262) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin, P.O. Box 6477, Muhammad Street, Al-Taawun District, Riyadh, SAU, 12476

Website

https://www.lumirental.com

Lumi Rental Co is a Car rental company which offers lease services to corporate and Government sector clients, provides rentals through a network of Thirty airport and city branches across the Kingdom and via digital channels, and sells used vehicles reaching the end of their useful life. The company has two reportable segments which are Leasing includes Providing vehicles on long term leases to corporate and government customers . Rental includes Providing vehicles on daily, weekly, monthly rentals to walking and corporate customers.

Lumi Rental Co Headlines

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