MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Debt-to-EBITDA : 0.70 (As of Dec. 2022)

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What is MNG Havayollari ve Tasimacilik AS Debt-to-EBITDA?

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

MNG Havayollari ve Tasimacilik AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $28.06 Mil. MNG Havayollari ve Tasimacilik AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $54.49 Mil. MNG Havayollari ve Tasimacilik AS's annualized EBITDA for the quarter that ended in Dec. 2022 was $117.94 Mil. MNG Havayollari ve Tasimacilik AS's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2022 was 0.70.

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 MNG Havayollari ve Tasimacilik AS's Debt-to-EBITDA or its related term are showing as below:

MNGA's Debt-to-EBITDA is not ranked ^*
in the Transportation industry.
Industry Median: 2.85
* Ranked among companies with meaningful Debt-to-EBITDA only.

MNG Havayollari ve Tasimacilik AS Debt-to-EBITDA Historical Data

The historical data trend for MNG Havayollari ve Tasimacilik AS'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.

MNG Havayollari ve Tasimacilik AS Debt-to-EBITDA Chart

MNG Havayollari ve Tasimacilik AS Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-EBITDA

0.73

1.04

0.73

MNG Havayollari ve Tasimacilik AS Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22
Debt-to-EBITDA	N/A	N/A	0.90	N/A	0.70

Competitive Comparison of MNG Havayollari ve Tasimacilik AS's Debt-to-EBITDA

For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik AS'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.

MNG Havayollari ve Tasimacilik AS's Debt-to-EBITDA Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where MNG Havayollari ve Tasimacilik AS's Debt-to-EBITDA falls into.

MNG Havayollari ve Tasimacilik AS Debt-to-EBITDA Calculation

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

MNG Havayollari ve Tasimacilik AS's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(28.055	+	54.487)	/	113.304
	=	0.73

MNG Havayollari ve Tasimacilik AS's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(28.055	+	54.487)	/	117.94
	=	0.70

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. 2022) EBITDA data.

MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) 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.

MNG Havayollari ve Tasimacilik AS Debt-to-EBITDA Related Terms

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

MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149

Website

https://www.mngairlines.com

MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.

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