WillScot Mobile Mini Holdings (WillScot Mobile Mini Holdings) Debt-to-EBITDA

: 3.48 (As of Dec. 2023)

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

WillScot Mobile Mini Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $76 Mil. WillScot Mobile Mini Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,726 Mil. WillScot Mobile Mini Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $1,092 Mil. WillScot Mobile Mini Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.48.

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 WillScot Mobile Mini Holdings's Debt-to-EBITDA or its related term are showing as below:

WSC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.76 Med: 7.31 Max: 10.14
Current: 3.76

During the past 9 years, the highest Debt-to-EBITDA Ratio of WillScot Mobile Mini Holdings was 10.14. The lowest was 3.76. And the median was 7.31.

WSC's Debt-to-EBITDA is ranked worse than
70.37% of 827 companies
in the Business Services industry
Industry Median: 1.86 vs WSC: 3.76

WillScot Mobile Mini Holdings Debt-to-EBITDA Historical Data

The historical data trend for WillScot Mobile Mini Holdings'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.

WillScot Mobile Mini Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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9.44

7.31

4.95

3.86

3.76

WillScot Mobile Mini Holdings 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															3.20	3.41	3.31	3.54	3.48

Competitive Comparison

For the Rental & Leasing Services subindustry, WillScot Mobile Mini Holdings'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.

WillScot Mobile Mini Holdings Debt-to-EBITDA Distribution

For the Business Services industry and Industrials sector, WillScot Mobile Mini Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where WillScot Mobile Mini Holdings's Debt-to-EBITDA falls into.

WillScot Mobile Mini Holdings Debt-to-EBITDA Calculation

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

WillScot Mobile Mini Holdings'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
	=	(76.194	+	3726.353)	/	1012.113
	=	3.76

WillScot Mobile Mini Holdings'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
	=	(76.194	+	3726.353)	/	1091.6
	=	3.48

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.

WillScot Mobile Mini Holdings (NAS:WSC) 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.

WillScot Mobile Mini Holdings Debt-to-EBITDA Related Terms

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

WillScot Mobile Mini Holdings (WillScot Mobile Mini Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » WillScot Mobile Mini Holdings Corp (NAS:WSC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

WS11:Germany

Address

4646 E Van Buren Street, Suite 400, Phoenix, AZ, USA, 85008

Website

https://www.willscotmobilemini.com

WillScot Mobile Mini Holdings Corp is a business services provider specializing in innovative flexible work space and portable storage solutions. The company's segment includes Modular Solutions and Storage Solutions. It generates maximum revenue from the Modular Solutions segment. The company serves furniture rental, transportation and logistics, facility management, job site services, commercial storage, and commercial real estate sector. Geographically, it derives a majority of its revenue from the United States.

Executives

Bradley Lee Soultz	director, officer: Chief Executive Officer	901 S. BOND STREET, SUITE 600, BALTIMORE MD 21231
Natalia Johnson	director	C/O PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
Felicia Gorcyca	officer: Chief Human Resources Officer	4800 N. SCOTTSDALE ROAD, SUITE 6000, SCOTTSDALE AZ 85251
Sally J Shanks	officer: Chief Accounting Officer	901 S. BOND STREET, SUITE 600, BALTIMORE MD 21231
Jeffrey Sagansky	director, 10 percent owner, officer: President & CEO	1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Erika T Davis	director
Graeme Parkes	officer: Chief Information Officer	4646 E. VAN BUREN STREET, SUITE 400, PHOENIX AZ 85008
Erik Olsson	director	C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254
Hezron T. Lopez	officer: V.P.,Gen Counsel, Corp. Sec.	855 EAST MAIN AVE, ZEELAND MI 49464
Rebecca L Owen	director	1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Christopher J Miner	officer: SVP, GC & Secretary	7420 SOUTH KYRENE ROAD SUITE 101, TEMPE AZ 85253
Michael W Upchurch	director	KANSAS CITY SOUTHERN, PO BOX 219335, KANSAS CITY MO 64121
Sapphire Holding S.a R.l.	10 percent owner	C/O TDR CAPITAL LLP, 20 BENTINCK STREET, LONDON X0 W1U 2EU
Stephen Robertson	director, 10 percent owner	20 BENTINCK STREET, LONDON X0 W1U 2EU
Mark S. Bartlett	director	4701 WEST GREENFIELD AVENUE, MILWAUKEE WI 53214