Natural Gas Distribution Co (SAU:9516) Debt-to-EBITDA : 1.89 (As of Dec. 2023)

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What is Natural Gas Distribution Co Debt-to-EBITDA?

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

Natural Gas Distribution Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼5.63 Mil. Natural Gas Distribution Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼3.07 Mil. Natural Gas Distribution Co's annualized EBITDA for the quarter that ended in Dec. 2023 was ﷼4.59 Mil. Natural Gas Distribution Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.89.

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 Natural Gas Distribution Co's Debt-to-EBITDA or its related term are showing as below:

SAU:9516' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.81 Med: 0.94 Max: 4.31
Current: 2.3

During the past 3 years, the highest Debt-to-EBITDA Ratio of Natural Gas Distribution Co was 4.31. The lowest was 0.81. And the median was 0.94.

SAU:9516's Debt-to-EBITDA is ranked better than
65.74% of 470 companies
in the Utilities - Regulated industry
Industry Median: 3.81 vs SAU:9516: 2.30

Natural Gas Distribution Co Debt-to-EBITDA Historical Data

The historical data trend for Natural Gas Distribution 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.

Natural Gas Distribution Co Debt-to-EBITDA Chart

Natural Gas Distribution Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

4.31

0.81

0.94

Natural Gas Distribution Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			4.02	5.55	1.33	2.94	1.89

Competitive Comparison of Natural Gas Distribution Co's Debt-to-EBITDA

For the Utilities - Regulated Gas subindustry, Natural Gas Distribution 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.

Natural Gas Distribution Co's Debt-to-EBITDA Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Natural Gas Distribution Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Natural Gas Distribution Co's Debt-to-EBITDA falls into.

Natural Gas Distribution Co Debt-to-EBITDA Calculation

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

Natural Gas Distribution 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
	=	(5.63	+	3.07)	/	9.297
	=	0.94

Natural Gas Distribution Co'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
	=	(5.63	+	3.07)	/	4.594
	=	1.89

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 (Dec. 2023) EBITDA data.

Natural Gas Distribution Co (SAU:9516) 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.

Natural Gas Distribution Co Debt-to-EBITDA Related Terms

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

Natural Gas Distribution Co (SAU:9516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Natural Gas Distribution Co (SAU:9516) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Kharj Road, P.O. 000512, Second Industrial City, Riyadh, SAU, 11382

Website

http://www.ngdc.com.sa

Natural Gas Distribution Co owns and maintains natural gas networks. The company.s activity is the distribution of gaseous fuels through pipes and gas pipelines, their maintenance and repair, the wholesale sale of gaseous fuels, and the transportation of natural gas through pipelines. Its core business is to supply the factories located in the second industrial city of Riyadh. The company is supplied with natural gas from Saudi Aramco through the main pipeline. Its services include the operation and maintenance of natural gas networks.

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