Tsakos Energy Navigation (FRA:TK41) Debt-to-EBITDA

: 6.37 (As of Dec. 2023)

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

Tsakos Energy Navigation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €196.3 Mil. Tsakos Energy Navigation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,272.5 Mil. Tsakos Energy Navigation's annualized EBITDA for the quarter that ended in Dec. 2023 was €230.6 Mil. Tsakos Energy Navigation's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 6.37.

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 Tsakos Energy Navigation's Debt-to-EBITDA or its related term are showing as below:

FRA:TK41' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.02 Med: 8.16 Max: 98.94
Current: 3.92

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tsakos Energy Navigation was 98.94. The lowest was 3.02. And the median was 8.16.

FRA:TK41's Debt-to-EBITDA is ranked worse than
69.46% of 717 companies
in the Oil & Gas industry
Industry Median: 1.73 vs FRA:TK41: 3.92

Tsakos Energy Navigation Debt-to-EBITDA Historical Data

The historical data trend for Tsakos Energy Navigation'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.

Tsakos Energy Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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7.35

7.68

98.95

4.33

3.02

Tsakos Energy Navigation 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															3.23	1.93	4.52	6.92	6.37

Competitive Comparison

For the Oil & Gas Midstream subindustry, Tsakos Energy Navigation'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.

Tsakos Energy Navigation Debt-to-EBITDA Distribution

For the Oil & Gas industry and Energy sector, Tsakos Energy Navigation's Debt-to-EBITDA distribution charts can be found below:

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

Tsakos Energy Navigation Debt-to-EBITDA Calculation

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

Tsakos Energy Navigation'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
	=	(196.304	+	1272.536)	/	486.74
	=	3.02

Tsakos Energy Navigation'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
	=	(196.304	+	1272.536)	/	230.628
	=	6.37

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.

Tsakos Energy Navigation (FRA:TK41) 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.

Tsakos Energy Navigation Debt-to-EBITDA Related Terms

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

Tsakos Energy Navigation (FRA:TK41) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (FRA:TK41) » Definitions » Debt-to-EBITDA

Comparable Companies

NGL TK PBT OSG EE NVGS SMLP BROG GEL DLNG TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

TNPpF.PFD:USA TNPpE.PFD:USA TNP:USA

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.

Tsakos Energy Navigation (FRA:TK41) Headlines

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