Alta Mesa Resources (Alta Mesa Resources) Debt-to-EBITDA : -0.31 (As of Dec. 2019)

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What is Alta Mesa Resources Debt-to-EBITDA?

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

Alta Mesa Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2019 was $224.09 Mil. Alta Mesa Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2019 was $0.19 Mil. Alta Mesa Resources's annualized EBITDA for the quarter that ended in Dec. 2019 was $-718.63 Mil. Alta Mesa Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2019 was -0.31.

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 Alta Mesa Resources's Debt-to-EBITDA or its related term are showing as below:

SRUNU' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.31 Med: 0.01 Max: 3.95
Current: -0.31

During the past 4 years, the highest Debt-to-EBITDA Ratio of Alta Mesa Resources was 3.95. The lowest was -0.31. And the median was 0.01.

SRUNU's Debt-to-EBITDA is not ranked
in the Oil & Gas industry.
Industry Median: 1.74 vs SRUNU: -0.31

Alta Mesa Resources Debt-to-EBITDA Historical Data

The historical data trend for Alta Mesa Resources'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.

Alta Mesa Resources Debt-to-EBITDA Chart

Alta Mesa Resources Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Debt-to-EBITDA

0.01

3.95

N/A

-0.31

Alta Mesa Resources Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Debt-to-EBITDA	Get a 7-Day Free Trial								N/A	6.99	4.16	-0.22	-0.31

Competitive Comparison of Alta Mesa Resources's Debt-to-EBITDA

For the Oil & Gas E&P subindustry, Alta Mesa Resources'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.

Alta Mesa Resources's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Alta Mesa Resources's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Alta Mesa Resources's Debt-to-EBITDA falls into.

Alta Mesa Resources Debt-to-EBITDA Calculation

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

Alta Mesa Resources's Debt-to-EBITDA for the fiscal year that ended in Dec. 2019 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(224.088	+	0.189)	/	-735.871
	=	-0.30

Alta Mesa Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2019 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(224.088	+	0.189)	/	-718.628
	=	-0.31

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. 2019) EBITDA data.

Alta Mesa Resources (NAS:SRUNU) 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.

Alta Mesa Resources Debt-to-EBITDA Related Terms

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

Alta Mesa Resources (Alta Mesa Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Alta Mesa Resources Inc (NAS:SRUNU) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

15021 Katy Freeway, Suite 400, Houston, TX, USA, 77094

Website

http://www.altamesa.net

Alta Mesa Resources Inc is an independent exploration and production company focused on the development and acquisition of unconventional oil and natural gas reserves in the eastern portion of the Anadarko Basin. It focuses on providing crude oil gathering, gas gathering and processing and marketing to producers of natural gas, NGLs, crude oil and condensate in the Anadarko Basin.

Executives

Hps Investment Partners, Llc	10 percent owner	40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
John C Regan	officer: VP & CFO	801 CHERRY STREET, SUITE 3700, UNIT 19, FORT WORTH TX 76102
Randy L Limbacher	officer: Interim President	717 TEXAS, SUITE 2800, HOUSTON TX 77002
Sylvia J Kerrigan	director	13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478
Jeffrey Tepper	director	1001 SEVENTEENTH STREET, SUITE 1800, C/O RIVERSTONE EQUITY, DENVER CO 80202
Donald R. Sinclair	director	ANADARKO PETROLEUM CORPORATION, 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Craig W Collins	officer: COO - Midstream	15021 KATY FREEWAY, SUITE 400, HOUSTON TX 77094
William D. Gutermuth	director	1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Diana J Walters	director	5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
Riverstone Energy Partners Vi, L.p.	10 percent owner	C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019
Riverstone Management Group, L.l.c.	10 percent owner	C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019
Riverstone/gower Mgmt Co Holdings, L.p.	10 percent owner	C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019
Riverstone Energy Gp Vi, Llc	10 percent owner	C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019
Riverstone Energy Gp Vi Corp.	10 percent owner	C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019
Don Dimitrievich	director	C/O MILLER ENERGY RESOURCES, INC., 9721 COGDILL ROAD, SUITE 302, KNOXVILLE TN 37932