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Bentley Systems (Bentley Systems) Debt-to-EBITDA : 8.31 (As of Dec. 2023)


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What is Bentley Systems Debt-to-EBITDA?

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

Bentley Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $22 Mil. Bentley Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,549 Mil. Bentley Systems's annualized EBITDA for the quarter that ended in Dec. 2023 was $189 Mil. Bentley Systems's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 8.31.

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

BSY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.38   Med: 3.5   Max: 9.44
Current: 5.25

During the past 6 years, the highest Debt-to-EBITDA Ratio of Bentley Systems was 9.44. The lowest was 1.38. And the median was 3.50.

BSY's Debt-to-EBITDA is ranked worse than
84.86% of 1598 companies
in the Software industry
Industry Median: 1.04 vs BSY: 5.25

Bentley Systems Debt-to-EBITDA Historical Data

The historical data trend for Bentley Systems'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.

Bentley Systems Debt-to-EBITDA Chart

Bentley Systems Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial 1.38 1.40 9.44 5.98 5.29

Bentley Systems Quarterly Data
Dec18 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 6.18 5.09 5.84 4.26 8.31

Competitive Comparison of Bentley Systems's Debt-to-EBITDA

For the Software - Application subindustry, Bentley Systems'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.


Bentley Systems's Debt-to-EBITDA Distribution in the Software Industry

For the Software industry and Technology sector, Bentley Systems's Debt-to-EBITDA distribution charts can be found below:

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



Bentley Systems Debt-to-EBITDA Calculation

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

Bentley Systems'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
=(21.645 + 1549.029) / 296.719
=5.29

Bentley Systems'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
=(21.645 + 1549.029) / 188.908
=8.31

* 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.


Bentley Systems  (NAS:BSY) 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.


Bentley Systems Debt-to-EBITDA Related Terms

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


Bentley Systems (Bentley Systems) Business Description

Traded in Other Exchanges
Address
685 Stockton Drive, Exton, PA, USA, 19341
Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation and project, and data management of infrastructure assets. The firm delivers solutions via the cloud, desktop, and hybrid environments. While Bentley is relatively small in comparison with peers like Autodesk, it shines in core specialty areas, like bridge or rail design, as opposed to being more broad-based in its applications. As of fiscal 2022, approximately 58% of revenue is derived from outside the U.S. (with 28% of revenue coming from EMEA and 18% coming from APAC as of fiscal 2022). Bentley's largest end market is the public works and utilities sector, which represents approximately two thirds of revenue.
Executives
Gregory S Bentley director, 10 percent owner, officer: Chairman, CEO & President C/O BENTLEY SYSTEMS INC, 685 STOCKTON RD, EXTON PA 19341
Michael M Campbell officer: Chief Product Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Kirk B. Griswold director 11 TROTTER WAY, COLLEGEVILLE PA 19426
Nicholas Cumins officer: Chief Product Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
David R. Shaman officer: Chief Legal Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Barry J. Bentley director, 10 percent owner C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
David J. Hollister officer: See Remarks C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Brock Ballard officer: Chief Revenue Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Brian F. Hughes director 124 COLONIAL RIDGE DRIVE, HADDONFIELD NJ 08033
Raymond B. Bentley director, 10 percent owner, officer: Executive Vice President C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Gus Bergsma officer: Chief Revenue Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Keith A. Bentley director, 10 percent owner, officer: Chief Technology Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Richard P. Bentley 10 percent owner C/O VIDEORAY LLC, 212 EAST HIGH STREET, POTTSTOWN PA 19464
Spt Invest Management Sarl 10 percent owner 21 RUE EDMOND REUTER, CONTERN N4 5326
Andre Werner officer: Chief Accounting Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341