Enel SpA (MIL:ENEL) Debt-to-EBITDA

: 5.20 (As of Dec. 2023)

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

Enel SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €13,855 Mil. Enel SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €61,085 Mil. Enel SpA's annualized EBITDA for the quarter that ended in Dec. 2023 was €14,408 Mil. Enel SpA's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.20.

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 Enel SpA's Debt-to-EBITDA or its related term are showing as below:

MIL:ENEL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.77 Med: 3.55 Max: 4.43
Current: 3.43

During the past 13 years, the highest Debt-to-EBITDA Ratio of Enel SpA was 4.43. The lowest was 2.77. And the median was 3.55.

MIL:ENEL's Debt-to-EBITDA is ranked better than
50.65% of 460 companies
in the Utilities - Regulated industry
Industry Median: 3.535 vs MIL:ENEL: 3.43

Enel SpA Debt-to-EBITDA Historical Data

The historical data trend for Enel SpA'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.

Enel SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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3.66

3.92

4.32

4.43

3.43

Enel SpA 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															25.52	3.08	7.00	2.15	5.20

Competitive Comparison

For the Utilities - Diversified subindustry, Enel SpA'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.

Enel SpA Debt-to-EBITDA Distribution

For the Utilities - Regulated industry and Utilities sector, Enel SpA's Debt-to-EBITDA distribution charts can be found below:

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

Enel SpA Debt-to-EBITDA Calculation

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

Enel SpA'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
	=	(13855	+	61085)	/	21839
	=	3.43

Enel SpA'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
	=	(13855	+	61085)	/	14408
	=	5.20

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.

Enel SpA (MIL:ENEL) 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.

Enel SpA Debt-to-EBITDA Related Terms

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

Enel SpA (MIL:ENEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Enel SpA (MIL:ENEL) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ESOCF:USA ENLAY:USA ENELm:UK 0NRE:UK ENL:Germany ENEL:Austria

Address

Viale Regina Margherita, 137, Rome, ITA, 00198

Website

https://www.enel.com

Enel is a diversified energy company domiciled in Italy. Operations are concentrated in Italy, Spain, and Latin America. The firm's primary activities are electric generation, electric networks, and gas and electricity marketing. Around 50% of the company's EBITDA is derived from its regulated networks. Taking into account power sold through power purchase agreements in Latin America, around 70% of EBITDA is quasi-regulated. Enel is a giant in global power generation with 86 gigawatts of capacity, of which 39 GW is renewables, including a large share of hydro.

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