Atlas (ATCOPD.PFD) Debt-to-EBITDA

: 5.67 (As of Jun. 2023)

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

Atlas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $628.10 Mil. Atlas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $6,235.60 Mil. Atlas's annualized EBITDA for the quarter that ended in Jun. 2023 was $1,209.60 Mil. Atlas's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 5.67.

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

ATCOpD.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.94 Med: 6.32 Max: 17.12
Current: 5.78

During the past 13 years, the highest Debt-to-EBITDA Ratio of Atlas was 17.12. The lowest was 4.94. And the median was 6.32.

ATCOpD.PFD's Debt-to-EBITDA is not ranked
in the Asset Management industry.
Industry Median: 1.22 vs ATCOpD.PFD: 5.78

Atlas Debt-to-EBITDA Historical Data

The historical data trend for Atlas'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 5.60 [6] => 4.94 [7] => 6.97 [8] => 6.36 [9] => 5.25 )

Atlas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

5.60

4.94

6.97

6.36

5.25

Atlas Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-EBITDA																5.26	4.78	5.58	7.10	5.67

Competitive Comparison

For the Asset Management subindustry, Atlas'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.

Atlas Debt-to-EBITDA Distribution

For the Asset Management industry and Financial Services sector, Atlas's Debt-to-EBITDA distribution charts can be found below:

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

Atlas Debt-to-EBITDA Calculation

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

Atlas'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
	=	(723.4	+	5785.4)	/	1238.9
	=	5.25

Atlas's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(628.1	+	6235.6)	/	1209.6
	=	5.67

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 (Jun. 2023) EBITDA data.

Atlas (NYSE:ATCOpD.PFD) 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.

Atlas Debt-to-EBITDA Related Terms

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

Atlas (ATCOPD.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Atlas Corp (NYSE:ATCOpD.PFD) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ATCOpH.PFD:USA

Address

23 Berkeley Square, London, GBR, W1J 6HE

Website

https://www.atlascorporation.com

Atlas Corp is a global asset manager that owns and operates the businesses in which it invests while focusing on deploying capital across multiple verticals to create sustainable value and quality growth opportunities for its shareholders. The company has two business segments: Containership leasing and Mobile power generation. The containership leasing segment owns and operates a fleet of containerships that are chartered primarily pursuant to long-term, fixed-rate charters. The mobile power generation segment owns and operates a fleet of power generation assets, including gas turbines and other equipment, and provides power solutions to customers. Majority of revenue is generated from The Containership Leasing segment.