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Solar AS (STU:ZVR) Debt-to-EBITDA : 2.52 (As of Dec. 2024)


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What is Solar AS Debt-to-EBITDA?

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

Solar AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was €132 Mil. Solar AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was €95 Mil. Solar AS's annualized EBITDA for the quarter that ended in Dec. 2024 was €90 Mil. Solar AS's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2024 was 2.52.

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

STU:ZVR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.5   Med: 1.35   Max: 2.71
Current: 2.71

During the past 13 years, the highest Debt-to-EBITDA Ratio of Solar AS was 2.71. The lowest was 0.50. And the median was 1.35.

STU:ZVR's Debt-to-EBITDA is ranked worse than
63.25% of 1725 companies
in the Hardware industry
Industry Median: 1.71 vs STU:ZVR: 2.71

Solar AS Debt-to-EBITDA Historical Data

The historical data trend for Solar 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.

Solar AS Debt-to-EBITDA Chart

Solar AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.50 1.07 1.85 2.71

Solar AS Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.83 4.65 2.92 2.25 2.52

Competitive Comparison of Solar AS's Debt-to-EBITDA

For the Electronics & Computer Distribution subindustry, Solar 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.


Solar AS's Debt-to-EBITDA Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Solar AS's Debt-to-EBITDA distribution charts can be found below:

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


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Solar AS Debt-to-EBITDA Calculation

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

Solar AS's Debt-to-EBITDA for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(131.676 + 95.07) / 83.672
=2.71

Solar AS's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(131.676 + 95.07) / 90.108
=2.52

* 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.

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 (Dec. 2024) EBITDA data.


Solar AS  (STU:ZVR) 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.


Solar AS Debt-to-EBITDA Related Terms

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


Solar AS Business Description

Traded in Other Exchanges
Address
Industrivej Vest 43, Vejen, DNK, 6600
Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.

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