Turk Hava Yollari AO (IST:THYAO) Debt-to-EBITDA

: 14.58 (As of Dec. 2023)

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

Turk Hava Yollari AO's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺109,810 Mil. Turk Hava Yollari AO's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺310,362 Mil. Turk Hava Yollari AO's annualized EBITDA for the quarter that ended in Dec. 2023 was ₺28,825 Mil. Turk Hava Yollari AO's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 14.58.

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 Turk Hava Yollari AO's Debt-to-EBITDA or its related term are showing as below:

IST:THYAO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.74 Med: 4.95 Max: 16.08
Current: 2.83

During the past 13 years, the highest Debt-to-EBITDA Ratio of Turk Hava Yollari AO was 16.08. The lowest was 2.74. And the median was 4.95.

IST:THYAO's Debt-to-EBITDA is ranked better than
50.41% of 845 companies
in the Transportation industry
Industry Median: 2.84 vs IST:THYAO: 2.83

Turk Hava Yollari AO Debt-to-EBITDA Historical Data

The historical data trend for Turk Hava Yollari AO'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.

Turk Hava Yollari AO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

5.20

16.08

7.11

2.95

2.74

Turk Hava Yollari AO 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																5.34	3.98	2.14	1.14	14.58

Competitive Comparison

For the Airlines subindustry, Turk Hava Yollari AO'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.

Turk Hava Yollari AO Debt-to-EBITDA Distribution

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's Debt-to-EBITDA falls into.

Turk Hava Yollari AO Debt-to-EBITDA Calculation

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

Turk Hava Yollari AO'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
	=	(109810	+	310362)	/	153643
	=	2.73

Turk Hava Yollari AO'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
	=	(109810	+	310362)	/	28825.176
	=	14.58

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.

Turk Hava Yollari AO (IST:THYAO) 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.

Turk Hava Yollari AO Debt-to-EBITDA Related Terms

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

Turk Hava Yollari AO (IST:THYAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Turk Hava Yollari AO (IST:THYAO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

TKHVY:USA TU5A:Germany

Address

Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149

Website

https://www.turkishairlines.com

Turk Hava Yollari AO is a Turkish airline operator. It has one of the largest flight networks in the world, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights, and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.

Turk Hava Yollari AO (IST:THYAO) Headlines

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