Atlas Elevators General Trading and Contracting Co (SAU:9578) Debt-to-EBITDA : 0.23 (As of Jun. 2024)

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What is Atlas Elevators General Trading and Contracting Co Debt-to-EBITDA?

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

Atlas Elevators General Trading and Contracting Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼2.21 Mil. Atlas Elevators General Trading and Contracting Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼2.19 Mil. Atlas Elevators General Trading and Contracting Co's annualized EBITDA for the quarter that ended in Jun. 2024 was ﷼19.32 Mil. Atlas Elevators General Trading and Contracting Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 0.23.

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 Atlas Elevators General Trading and Contracting Co's Debt-to-EBITDA or its related term are showing as below:

SAU:9578' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.32 Med: 0.47 Max: 0.62
Current: 0.32

During the past 2 years, the highest Debt-to-EBITDA Ratio of Atlas Elevators General Trading and Contracting Co was 0.62. The lowest was 0.32. And the median was 0.47.

SAU:9578's Debt-to-EBITDA is ranked better than
86.57% of 134 companies
in the Industrial Distribution industry
Industry Median: 2.215 vs SAU:9578: 0.32

Atlas Elevators General Trading and Contracting Co Debt-to-EBITDA Historical Data

The historical data trend for Atlas Elevators General Trading and Contracting 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.

Atlas Elevators General Trading and Contracting Co Debt-to-EBITDA Chart

Atlas Elevators General Trading and Contracting Co Annual Data

Trend

Dec22

Dec23

Debt-to-EBITDA

0.62

0.32

Atlas Elevators General Trading and Contracting Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Debt-to-EBITDA	N/A	-	0.57	0.23

Competitive Comparison of Atlas Elevators General Trading and Contracting Co's Debt-to-EBITDA

For the Industrial Distribution subindustry, Atlas Elevators General Trading and Contracting 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.

Atlas Elevators General Trading and Contracting Co's Debt-to-EBITDA Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Atlas Elevators General Trading and Contracting Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Atlas Elevators General Trading and Contracting Co's Debt-to-EBITDA falls into.

Atlas Elevators General Trading and Contracting Co Debt-to-EBITDA Calculation

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

Atlas Elevators General Trading and Contracting 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
	=	(2.103	+	2.759)	/	15.156
	=	0.32

Atlas Elevators General Trading and Contracting 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
	=	(2.212	+	2.185)	/	19.318
	=	0.23

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 (Jun. 2024) EBITDA data.

Atlas Elevators General Trading and Contracting Co (SAU:9578) 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.

Atlas Elevators General Trading and Contracting Co Debt-to-EBITDA Related Terms

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Atlas Elevators General Trading and Contracting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Atlas Elevators General Trading and Contracting Co (SAU:9578) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Area 223 Block1, Building 96, Beside fire station, Kuwait, SAU

Website

https://www.atlaslifts-sa.net

Atlas Elevators General Trading and Contracting Co Formerly Atlas Elevators Co is a company specializing in the supply, sale, installation and maintenance of the highest-quality elevators, hydraulic lifts and escalators, all conforming to European standards. It has has four Kuwaiti branches in Hawalli, Ardiya, Al Rai and Al Jahra also operate's in Saudi Arabia, Qatar, Bahrain and Oman.

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