TKGSY (Tokyo Gas Co) Debt-to-EBITDA : 2.41 (As of Sep. 2024)

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What is Tokyo Gas Co Debt-to-EBITDA?

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

Tokyo Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $398 Mil. Tokyo Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $9,100 Mil. Tokyo Gas Co's annualized EBITDA for the quarter that ended in Sep. 2024 was $3,944 Mil. Tokyo Gas Co's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 2.41.

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

TKGSY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.98 Med: 2.64 Max: 4.73
Current: 4.73

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tokyo Gas Co was 4.73. The lowest was 1.98. And the median was 2.64.

TKGSY's Debt-to-EBITDA is ranked worse than
59.38% of 453 companies
in the Utilities - Regulated industry
Industry Median: 3.93 vs TKGSY: 4.73

Tokyo Gas Co Debt-to-EBITDA Historical Data

The historical data trend for Tokyo Gas 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.

Tokyo Gas Co Debt-to-EBITDA Chart

Tokyo Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

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3.44

4.11

3.37

1.98

2.81

Tokyo Gas Co Quarterly Data
	Dec19	Mar20	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															6.42	11.91	4.12	-	2.41

Competitive Comparison of Tokyo Gas Co's Debt-to-EBITDA

For the Utilities - Regulated Gas subindustry, Tokyo Gas 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.

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

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

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

Tokyo Gas Co Debt-to-EBITDA Calculation

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

Tokyo Gas Co's Debt-to-EBITDA for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(493.917	+	8479.208)	/	3199.416
	=	2.80

Tokyo Gas Co'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
	=	(398.345	+	9100.095)	/	3943.788
	=	2.41

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.

Tokyo Gas Co (OTCPK:TKGSY) 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.

Tokyo Gas Co Debt-to-EBITDA Related Terms

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

Tokyo Gas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tokyo Gas Co Ltd (OTCPK:TKGSY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

TKGSF:USA 9531:Japan TOG:Germany

Address

1-5-20 Kaigan Minato-ku, Tokyo, JPN, 105-8527

Website

http://www.tokyo-gas.co.jp

Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.