SM Energy Co (SM Energy Co) Debt-to-EBITDA

: 0.78 (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

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

SM Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. SM Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,575 Mil. SM Energy Co's annualized EBITDA for the quarter that ended in Dec. 2023 was $2,019 Mil. SM Energy Co'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 SM Energy Co's Debt-to-EBITDA or its related term are showing as below:

SM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -282.94 Med: 1.48 Max: 7.72
Current: 0.93

During the past 13 years, the highest Debt-to-EBITDA Ratio of SM Energy Co was 7.72. The lowest was -282.94. And the median was 1.48.

SM's Debt-to-EBITDA is ranked better than
69.69% of 716 companies
in the Oil & Gas industry
Industry Median: 1.735 vs SM: 0.93

SM Energy Co Debt-to-EBITDA Historical Data

The historical data trend for SM Energy Co'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.

SM Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

3.64

-282.94

2.12

0.74

0.93

SM Energy Co 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																0.80	0.91	1.06	1.01	0.78

Competitive Comparison

For the Oil & Gas E&P subindustry, SM Energy Co'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.

SM Energy Co Debt-to-EBITDA Distribution

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

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

SM Energy Co Debt-to-EBITDA Calculation

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

SM Energy Co'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
	=	(0	+	1575.334)	/	1696.313
	=	0.93

SM Energy Co'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
	=	(0	+	1575.334)	/	2019.352
	=	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.

SM Energy Co (NYSE:SM) 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.

SM Energy Co Debt-to-EBITDA Related Terms

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

SM Energy Co (SM Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SM Energy Co (NYSE:SM) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

SJL:Germany

Address

1700 Lincoln Street, Suite 3200, Denver, CO, USA, 80203

Website

https://sm-energy.com

SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.

Executives

Julio M Quintana	director	3993 W. SAM HOUSTON PARKWAY N., STE. 100, HOUSTON TX 77043
Ramiro G Peru	director	WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46260
Rose M Robeson	director	370 17TH STREET, SUITE 2775, DENVER CO 80202
Patrick A Lytle	officer: Controller and PAO	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Julie Gray	officer: Vice President Marketing	1700 LINCOLN STREET, SUITE 3200, DENVER CO 80203
Herbert S Vogel	officer: Sr VP Portf Dev & Tech Servs	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
James Barker Lebeck	officer: SVP & General Counsel	1700 LINCOLN STREET, SUITE 3200, DENVER CO 80203
David W Copeland	officer: EVP, GC & Corp. Sec.	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
David J. Whitcomb	officer: VP-Marketing	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Mary Ellen Lutey	officer: VP & Regional Manager	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Anita M. Powers	director	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
William D Sullivan	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Kenneth J. Knott	officer: VP- Land & Asst. Secretary	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Javan D Ottoson	officer: Executive VP & COO	ST. MARY LAND & EXPLORATION COMPANY, 1776 LINCOLN STREET, SUITE 700, DENVER CO 80203
Carla Jean Bailo	director	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203