Enefit Green AS (STU:I6B) Debt-to-EBITDA : 10.58 (As of Sep. 2024)

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What is Enefit Green AS Debt-to-EBITDA?

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

Enefit Green AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €63.5 Mil. Enefit Green AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €630.6 Mil. Enefit Green AS's annualized EBITDA for the quarter that ended in Sep. 2024 was €65.6 Mil. Enefit Green AS's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 10.58.

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 Enefit Green AS's Debt-to-EBITDA or its related term are showing as below:

STU:I6B' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.01 Med: 2.25 Max: 17.17
Current: 6.26

During the past 6 years, the highest Debt-to-EBITDA Ratio of Enefit Green AS was 17.17. The lowest was 1.01. And the median was 2.25.

STU:I6B's Debt-to-EBITDA is ranked worse than
63.5% of 337 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.35 vs STU:I6B: 6.26

Enefit Green AS Debt-to-EBITDA Historical Data

The historical data trend for Enefit Green AS'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.

Enefit Green AS Debt-to-EBITDA Chart

Enefit Green AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.70

1.81

1.01

1.80

4.39

Enefit Green AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-EBITDA	Get a 7-Day Free Trial															6.16	3.78	2.94	8.14	10.58

Competitive Comparison of Enefit Green AS's Debt-to-EBITDA

For the Utilities - Renewable subindustry, Enefit Green AS'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.

Enefit Green AS's Debt-to-EBITDA Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Enefit Green AS's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Enefit Green AS's Debt-to-EBITDA falls into.

Enefit Green AS Debt-to-EBITDA Calculation

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

Enefit Green AS'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
	=	(32.126	+	454.272)	/	110.868
	=	4.39

Enefit Green AS's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(63.494	+	630.552)	/	65.604
	=	10.58

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 (Sep. 2024) EBITDA data.

Enefit Green AS (STU:I6B) 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.

Enefit Green AS Debt-to-EBITDA Related Terms

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

Enefit Green AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enefit Green AS (STU:I6B) » Definitions » Debt-to-EBITDA

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Traded in Other Exchanges

EGR1T:Estonia

Address

Lelle tn 22, Tallinn, EST, 11318

Website

https://www.enefitgreen.ee

Enefit Green AS is a renewable energy producer in the Baltic Sea region. The company produces electricity from wind, as well as municipal waste, biomass, solar and hydroelectric sources in Estonia, Latvia, Lithuania, and Poland. The segments of the company are Wind energy segment which comprises all of the company's wind farms and generates key revenue for the firm; Cogeneration segment comprises all of the company's cogeneration plants and the pellet factory and Solar energy segment comprises all of the company's solar farms. Its majority revenue comes from Wind energy segment.

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