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EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) Debt-to-EBITDA

: 1.95 (As of Dec. 2023)
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Debt-to-EBITDA measures a company's ability to pay off its debt.

EZ TEC Empreendimentos e Participacoes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$139 Mil. EZ TEC Empreendimentos e Participacoes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$725 Mil. EZ TEC Empreendimentos e Participacoes's annualized EBITDA for the quarter that ended in Dec. 2023 was R$444 Mil. EZ TEC Empreendimentos e Participacoes's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.95.

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 EZ TEC Empreendimentos e Participacoes's Debt-to-EBITDA or its related term are showing as below:

BSP:EZTC3' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.04   Med: 0.65   Max: 2.52
Current: 2.52

During the past 13 years, the highest Debt-to-EBITDA Ratio of EZ TEC Empreendimentos e Participacoes was 2.52. The lowest was 0.04. And the median was 0.65.

BSP:EZTC3's Debt-to-EBITDA is ranked better than
73.07% of 1270 companies
in the Real Estate industry
Industry Median: 5.53 vs BSP:EZTC3: 2.52

EZ TEC Empreendimentos e Participacoes Debt-to-EBITDA Historical Data

The historical data trend for EZ TEC Empreendimentos e Participacoes'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.

EZ TEC Empreendimentos e Participacoes Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.04 0.09 1.27 2.52

EZ TEC Empreendimentos e Participacoes 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 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 Premium Member Only Premium Member Only Premium Member Only 2.24 2.23 1.74 3.21 1.95

Competitive Comparison

For the Real Estate - Development subindustry, EZ TEC Empreendimentos e Participacoes'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.


EZ TEC Empreendimentos e Participacoes Debt-to-EBITDA Distribution

For the Real Estate industry and Real Estate sector, EZ TEC Empreendimentos e Participacoes's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where EZ TEC Empreendimentos e Participacoes's Debt-to-EBITDA falls into.



EZ TEC Empreendimentos e Participacoes Debt-to-EBITDA Calculation

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

EZ TEC Empreendimentos e Participacoes'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
=(139.344 + 725.198) / 343.33
=2.52

EZ TEC Empreendimentos e Participacoes'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
=(139.344 + 725.198) / 443.944
=1.95

* 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.


EZ TEC Empreendimentos e Participacoes  (BSP:EZTC3) 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.


EZ TEC Empreendimentos e Participacoes Debt-to-EBITDA Related Terms

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


EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Republica do Libano, 1921, Sao Paulo, SP, BRA, 04501002
EZ TEC Empreendimentos e Participacoes SA is a real estate development company that operates out of Brazil. The company and its subsidiaries engage in the development & sale of real estate, the management & lease of its own properties, land allotment, construction of condominiums, and services related to projects. The company defines its operations to include two revenue generating segments: commercial projects and residential projects. A majority of revenue is derived from the residential project segment, while a smaller portion is derived from the commercial projects segment. The company earns majority of its revenue in Brazil.

EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) Headlines

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