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Eneva (BSP:ENEV3) Debt-to-EBITDA : 11.99 (As of Dec. 2023)


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What is Eneva Debt-to-EBITDA?

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

Eneva's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$2,335 Mil. Eneva's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$21,275 Mil. Eneva's annualized EBITDA for the quarter that ended in Dec. 2023 was R$1,969 Mil. Eneva's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 11.99.

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

BSP:ENEV3' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.86   Med: 5.42   Max: 14.1
Current: 6.34

During the past 13 years, the highest Debt-to-EBITDA Ratio of Eneva was 14.10. The lowest was -16.86. And the median was 5.42.

BSP:ENEV3's Debt-to-EBITDA is ranked worse than
78.04% of 460 companies
in the Utilities - Regulated industry
Industry Median: 3.535 vs BSP:ENEV3: 6.34

Eneva Debt-to-EBITDA Historical Data

The historical data trend for Eneva'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.

Eneva Debt-to-EBITDA Chart

Eneva Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.77 4.44 3.54 9.60 6.41

Eneva Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 9.00 4.60 4.19 9.49 11.99

Competitive Comparison of Eneva's Debt-to-EBITDA

For the Utilities - Diversified subindustry, Eneva'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.


Eneva's Debt-to-EBITDA Distribution in the Utilities - Regulated Industry

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

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



Eneva Debt-to-EBITDA Calculation

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

Eneva'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
=(2334.856 + 21274.516) / 3686.113
=6.40

Eneva'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
=(2334.856 + 21274.516) / 1968.732
=11.99

* 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. 2023) EBITDA data.


Eneva  (BSP:ENEV3) 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.


Eneva Debt-to-EBITDA Related Terms

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


Eneva (BSP:ENEV3) Business Description

Traded in Other Exchanges
N/A
Address
Praca Mahatma Gandhi, 14, 9 Andar, Centro, Rio de Janeiro, RJ, BRA, 22210903
Eneva SA is a Brazilian energy utilities company involved in the generation and distribution of electricity, with complementary businesses in natural gas exploration and production. The company generates electricity through various resources, including coal, natural gas, thermoelectric plants, and renewable energy sources, such as solar energy. Furthermore, the company mines coal in Columbia, operates thermoelectric plants in Chile and Brazil, and extracts natural gas from Brazil. The firm primarily operates through its Power Generation, Energy Trading, Natural Resources, and Corporate segments.

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