Marcopolo (BSP:POMO3) Debt-to-EBITDA

: 1.96 (As of Dec. 2023)

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

Marcopolo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$738 Mil. Marcopolo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$1,750 Mil. Marcopolo's annualized EBITDA for the quarter that ended in Dec. 2023 was R$1,272 Mil. Marcopolo's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.96.

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

BSP:POMO3' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.07 Med: 4.73 Max: 9.92
Current: 2.07

During the past 13 years, the highest Debt-to-EBITDA Ratio of Marcopolo was 9.92. The lowest was 2.07. And the median was 4.73.

BSP:POMO3's Debt-to-EBITDA is ranked worse than
53.66% of 164 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.8 vs BSP:POMO3: 2.07

Marcopolo Debt-to-EBITDA Historical Data

The historical data trend for Marcopolo'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.

Marcopolo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

4.29

9.92

4.07

3.42

2.07

Marcopolo 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																1.67	1.58	2.37	2.62	1.96

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Marcopolo'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.

Marcopolo Debt-to-EBITDA Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Marcopolo's Debt-to-EBITDA distribution charts can be found below:

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

Marcopolo Debt-to-EBITDA Calculation

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

Marcopolo'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
	=	(738.021	+	1750.311)	/	1200.714
	=	2.07

Marcopolo'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
	=	(738.021	+	1750.311)	/	1272.16
	=	1.96

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.

Marcopolo (BSP:POMO3) 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.

Marcopolo Debt-to-EBITDA Related Terms

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

Marcopolo (BSP:POMO3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Marcopolo SA (BSP:POMO3) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

POMO4:Brazil

Address

Avenida Marcopolo, 280, Bairro Planalto, Caxias do Sul, RS, BRA, 95060-145

Website

http://www.marcopolo.com.br

Marcopolo SA is a Brazilian auto manufacturer. The line of products includes a wide variety of models, composed of the groups of intercity, urban, micro, and mini-buses, as well as the Volare family (complete bus, with chassis and body). The buses are manufactured in facilities predominantly in Brazil and in Columbia, Egypt, India, Mexico, and China. The revenues that the company derives from its exports are marginally higher than that from domestic sales. Marcopolo sells its vehicles under such brand names as Volare, Fratello, Andare, Viaggio, Torino, and Viale. Its activities are divided into two segments, Industrial and Financial. The industrial segment is its core segment which manufactures buses and the financial segment is responsible for financing transactions through Banco Moneo.

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