Berry (bry) (Berry (bry)) Debt-to-EBITDA : 0.78 (As of Dec. 2023)

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What is Berry (bry) Debt-to-EBITDA?

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

Berry (bry)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.9 Mil. Berry (bry)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $428.0 Mil. Berry (bry)'s annualized EBITDA for the quarter that ended in Dec. 2023 was $555.3 Mil. Berry (bry)'s annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.78.

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 Berry (bry)'s Debt-to-EBITDA or its related term are showing as below:

BRY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.07 Med: 1.48 Max: 2.68
Current: 1.71

During the past 8 years, the highest Debt-to-EBITDA Ratio of Berry (bry) was 2.68. The lowest was -4.07. And the median was 1.48.

BRY's Debt-to-EBITDA is ranked better than
50.21% of 717 companies
in the Oil & Gas industry
Industry Median: 1.73 vs BRY: 1.71

Berry (bry) Debt-to-EBITDA Historical Data

The historical data trend for Berry (bry)'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.

Berry (bry) Debt-to-EBITDA Chart

Berry (bry) Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.68

-4.07

2.43

1.01

1.71

Berry (bry) 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															1.48	2.80	1.25	-9.86	0.78

Competitive Comparison of Berry (bry)'s Debt-to-EBITDA

For the Oil & Gas E&P subindustry, Berry (bry)'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.

Berry (bry)'s Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Berry (bry)'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Berry (bry)'s Debt-to-EBITDA falls into.

Berry (bry) Debt-to-EBITDA Calculation

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

Berry (bry)'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
	=	(2.944	+	427.993)	/	251.379
	=	1.71

Berry (bry)'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
	=	(2.944	+	427.993)	/	555.332
	=	0.78

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.

Berry (bry) (NAS:BRY) 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.

Berry (bry) Debt-to-EBITDA Related Terms

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

Berry (bry) (Berry (bry)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Berry Corp (bry) (NAS:BRY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

1P6:Germany

Address

16000 Dallas Parkway, Suite 500, Dallas, TX, USA, 75248

Website

https://www.bry.com

Berry Corp (bry) is a western United States independent upstream energy company with a focus on the conventional, long-lived oil reserves in the San Joaquin basin of California. Its operating segment includes Exploration and Production (E&P) and Well Servicing and Abandonment. The company generates maximum revenue from the Exploration and Production (E&P) segment.

Executives

Danielle E. Hunter	officer: EVP, Gen Counsel & Corp Sec	3990 ROGERDALE RD., HOUSTON TX 77042
Arthur T. Smith	director, officer: See Remarks	5201 TRUXTUN AVE., BAKERSFIELD CA 93309
Rajath Shourie	director	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Management Lp	director, 10 percent owner	333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071
Oaktree Value Opportunities Fund Gp, L.p.	director, 10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Benefit Street Partners Llc	director, 10 percent owner	9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019
Oaktree Capital Management Gp, Llc	10 percent owner	333 SOUTH GRAND AVE, 28TH FLOOR, LOS ANGELES CA 90071
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Atlas Ocm Holdings, Llc	10 percent owner	C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Brookfield Asset Management Inc.	10 percent owner	BROOKFIELD PLACE, 181 BAY ST, STE 100, PO BOX 762, TORONTO A6 M5J2T3
Renee J Hornbaker	director	200 S. WILCOX DRIVE, KINGSPORT TN 37660-5280
Fernando Araujo	officer: EVP & Chief Operating Officer	16000 N. DALLAS PARKWAY, SUITE 500, DALLAS TX 75248
Kurt E. Neher	officer: EVP, Business Development	16000 N. DALLAS PARKWAY, SUITE 500, DALLAS TX 75248
Megan E. Silva	officer: EVP of Corporate Affairs	16000 N. DALLAS PARKWAY, SUITE 500, DALLAS TX 75248
Eugene Voiland	director	5201 TRUXTUN AVE., BAKERSFIELD CA 93309