Bureau Veritas (LTS:0MH1) Debt-to-EBITDA : 2.10 (As of Dec. 2023)

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What is Bureau Veritas Debt-to-EBITDA?

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

Bureau Veritas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €139 Mil. Bureau Veritas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,399 Mil. Bureau Veritas's annualized EBITDA for the quarter that ended in Dec. 2023 was €1,208 Mil. Bureau Veritas's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.10.

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

LTS:0MH1' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.22 Med: 2.98 Max: 4.46
Current: 2.22

During the past 13 years, the highest Debt-to-EBITDA Ratio of Bureau Veritas was 4.46. The lowest was 2.22. And the median was 2.98.

LTS:0MH1's Debt-to-EBITDA is ranked worse than
55.01% of 829 companies
in the Business Services industry
Industry Median: 1.84 vs LTS:0MH1: 2.22

Bureau Veritas Debt-to-EBITDA Historical Data

The historical data trend for Bureau Veritas'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.

Bureau Veritas Debt-to-EBITDA Chart

Bureau Veritas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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3.65

4.46

2.89

2.77

2.22

Bureau Veritas 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															2.77	2.86	2.60	2.80	2.10

Competitive Comparison of Bureau Veritas's Debt-to-EBITDA

For the Consulting Services subindustry, Bureau Veritas'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.

Bureau Veritas's Debt-to-EBITDA Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Bureau Veritas's Debt-to-EBITDA distribution charts can be found below:

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

Bureau Veritas Debt-to-EBITDA Calculation

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

Bureau Veritas'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
	=	(138.7	+	2399.4)	/	1144.2
	=	2.22

Bureau Veritas'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
	=	(138.7	+	2399.4)	/	1207.8
	=	2.10

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.

Bureau Veritas (LTS:0MH1) 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.

Bureau Veritas Debt-to-EBITDA Related Terms

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

Bureau Veritas (LTS:0MH1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bureau Veritas SA (LTS:0MH1) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

BVVBY:USA BVRDF:USA BVIp:UK BVI:France 4BV:Germany

Address

40/52 Boulevard du Parc, Immeuble Newtime, Neuilly-sur-Seine, FRA, 92200

Website

https://group.bureauveritas.com

Bureau Veritas is involved in the testing, inspection, and certification, or TIC, industry. The company's primary activities involve testing products or materials, inspecting sites/equipment, and certifying products and systems to maintain global standards. BV is one of only a handful of companies in the TIC sector that operate globally across numerous industries, including marine, industry, commodities, construction, and consumer products. BV listed in 2007, prior to which it was privately owned by the Wendel Group, who retain a significant holding.

Bureau Veritas (LTS:0MH1) Headlines

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