Flutter Entertainment (DUB:FLTR) Debt-to-EBITDA : -10.46 (As of Dec. 2023)

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What is Flutter Entertainment Debt-to-EBITDA?

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

Flutter Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €160 Mil. Flutter Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €6,748 Mil. Flutter Entertainment's annualized EBITDA for the quarter that ended in Dec. 2023 was €-661 Mil. Flutter Entertainment's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -10.46.

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

DUB:FLTR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.13 Med: 1.32 Max: 12.07
Current: 12.02

During the past 13 years, the highest Debt-to-EBITDA Ratio of Flutter Entertainment was 12.07. The lowest was 0.13. And the median was 1.32.

DUB:FLTR's Debt-to-EBITDA is ranked worse than
87.58% of 620 companies
in the Travel & Leisure industry
Industry Median: 2.875 vs DUB:FLTR: 12.02

Flutter Entertainment Debt-to-EBITDA Historical Data

The historical data trend for Flutter Entertainment'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.

Flutter Entertainment Debt-to-EBITDA Chart

Flutter Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.32

4.23

7.74

7.25

12.07

Flutter Entertainment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															-27.38	4.92	7.71	3.65	-10.46

Competitive Comparison of Flutter Entertainment's Debt-to-EBITDA

For the Gambling subindustry, Flutter Entertainment'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.

Flutter Entertainment's Debt-to-EBITDA Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Flutter Entertainment's Debt-to-EBITDA distribution charts can be found below:

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

Flutter Entertainment Debt-to-EBITDA Calculation

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

Flutter Entertainment'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
	=	(159.558	+	6748.203)	/	572.208
	=	12.07

Flutter Entertainment'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
	=	(159.558	+	6748.203)	/	-660.6
	=	-10.46

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 two times the quarterly (Dec. 2023) EBITDA data.

Flutter Entertainment (DUB:FLTR) 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.

Flutter Entertainment Debt-to-EBITDA Related Terms

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

Flutter Entertainment (DUB:FLTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flutter Entertainment PLC (DUB:FLTR) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

PDYPY:USA PDYPF:USA FLTRl:UK FLTR:UK PPB:Germany

Address

Beech Hill Road, Belfield Office Park, Clonskeagh, Dublin, IRL, 4

Website

https://www.flutter.com

Flutter Entertainment PLC is a global sports betting, gaming, and entertainment provider. The company's segments include PBB Online, which provides betting apps in over 100 countries as well as business-to-business risk and trading services; Australia, which consists of the Sportsbet Australian brand for betting on national sporting events; U.S., which includes betting apps, retail-only betting, and daily fantasy sports; and PBB Retail, which includes betting shops in the U.K. and Ireland and an accompanying app. PBB Online makes up the largest revenue segment.