DHT Holdings (DHT Holdings) Debt-to-EBITDA

: 1.47 (As of Dec. 2023)

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

DHT Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $31.7 Mil. DHT Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $398.4 Mil. DHT Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $292.8 Mil. DHT Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.47.

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

DHT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.05 Med: 3.57 Max: 9.14
Current: 1.42

During the past 13 years, the highest Debt-to-EBITDA Ratio of DHT Holdings was 9.14. The lowest was 1.05. And the median was 3.57.

DHT's Debt-to-EBITDA is ranked better than
58.24% of 716 companies
in the Oil & Gas industry
Industry Median: 1.735 vs DHT: 1.42

DHT Holdings Debt-to-EBITDA Historical Data

The historical data trend for DHT 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.

DHT Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

3.48

1.05

3.67

1.88

1.42

DHT 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																1.04	1.38	1.07	1.60	1.47

Competitive Comparison

For the Oil & Gas Midstream subindustry, DHT 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.

DHT Holdings Debt-to-EBITDA Distribution

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

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

DHT Holdings Debt-to-EBITDA Calculation

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

DHT 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
	=	(31.718	+	398.425)	/	304.009
	=	1.41

DHT 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
	=	(31.718	+	398.425)	/	292.808
	=	1.47

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.

DHT Holdings (NYSE:DHT) 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.

DHT Holdings Debt-to-EBITDA Related Terms

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

DHT Holdings (DHT Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (NYSE:DHT) » Definitions » Debt-to-EBITDA

Comparable Companies

TNK LPG GLP GEL KNTK GLNG NVGS INSW HESM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

DHT:Mexico D8EN:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.dhtankers.com

DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.