Piraeus Port Authority (STU:PZE) Debt-to-EBITDA : 0.83 (As of Dec. 2023)

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What is Piraeus Port Authority Debt-to-EBITDA?

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

Piraeus Port Authority's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7.4 Mil. Piraeus Port Authority's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €88.3 Mil. Piraeus Port Authority's annualized EBITDA for the quarter that ended in Dec. 2023 was €115.3 Mil. Piraeus Port Authority's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.83.

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 Piraeus Port Authority's Debt-to-EBITDA or its related term are showing as below:

STU:PZE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.81 Med: 1.84 Max: 3.51
Current: 0.81

During the past 13 years, the highest Debt-to-EBITDA Ratio of Piraeus Port Authority was 3.51. The lowest was 0.81. And the median was 1.84.

STU:PZE's Debt-to-EBITDA is ranked better than
82.14% of 840 companies
in the Transportation industry
Industry Median: 2.815 vs STU:PZE: 0.81

Piraeus Port Authority Debt-to-EBITDA Historical Data

The historical data trend for Piraeus Port Authority'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.

Piraeus Port Authority Debt-to-EBITDA Chart

Piraeus Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.79

1.98

1.54

1.07

0.81

Piraeus Port Authority Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															1.39	1.18	0.99	0.80	0.83

Competitive Comparison of Piraeus Port Authority's Debt-to-EBITDA

For the Marine Shipping subindustry, Piraeus Port Authority'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.

Piraeus Port Authority's Debt-to-EBITDA Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Piraeus Port Authority's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Piraeus Port Authority's Debt-to-EBITDA falls into.

Piraeus Port Authority Debt-to-EBITDA Calculation

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

Piraeus Port Authority'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
	=	(7.382	+	88.278)	/	118.898
	=	0.80

Piraeus Port Authority'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
	=	(7.382	+	88.278)	/	115.29
	=	0.83

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.

Piraeus Port Authority (STU:PZE) 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.

Piraeus Port Authority Debt-to-EBITDA Related Terms

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

Piraeus Port Authority (STU:PZE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Piraeus Port Authority SA (STU:PZE) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

PPA:Greece PZE:Germany

Address

10 Akti Miaouli street, Piraeus, GRC, 18538

Website

https://www.olp.gr

Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.