Tetra Technologies (Tetra Technologies) Debt-to-EBITDA

: 4.55 (As of Dec. 2023)

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

Tetra Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.1 Mil. Tetra Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $185.0 Mil. Tetra Technologies's annualized EBITDA for the quarter that ended in Dec. 2023 was $42.7 Mil. Tetra Technologies's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.55.

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

TTI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -156 Med: 4.04 Max: 110.43
Current: 2.2

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tetra Technologies was 110.43. The lowest was -156.00. And the median was 4.04.

TTI's Debt-to-EBITDA is ranked worse than
58.58% of 717 companies
in the Oil & Gas industry
Industry Median: 1.73 vs TTI: 2.20

Tetra Technologies Debt-to-EBITDA Historical Data

The historical data trend for Tetra Technologies'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.

Tetra Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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14.57

2.19

5.44

3.22

2.20

Tetra Technologies 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															3.85	2.33	1.39	2.33	4.55

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Tetra Technologies'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.

Tetra Technologies Debt-to-EBITDA Distribution

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

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

Tetra Technologies Debt-to-EBITDA Calculation

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

Tetra Technologies'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
	=	(9.101	+	185.043)	/	88.377
	=	2.20

Tetra Technologies'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
	=	(9.101	+	185.043)	/	42.68
	=	4.55

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.

Tetra Technologies (NYSE:TTI) 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.

Tetra Technologies Debt-to-EBITDA Related Terms

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

Tetra Technologies (Tetra Technologies) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TGI:Germany TGI:Germany

Address

24955 Interstate 45 North, The Woodlands, TX, USA, 77380

Website

https://www.tetratec.com

Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments namely Completion Fluids & Products, and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services.

Executives

Bates Thomas R Jr	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Christian A Garcia	director	3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032
Roy Mcniven	officer: Sr. Vice President	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Matthew Sanderson	officer: Sr. Vice President	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Timothy C Moeller	officer: VP & Chief Procurement Officer	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Brady M Murphy	officer: President & COO	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Elijio V Serrano	officer: Sr. Vice President & CFO	24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
William D Sullivan	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Mcgee Sharon D. Booth	director	24955 I-45 NORTH, THE WOODLANDS TX 77380
Richard D O'brien	officer: VP-Finance & Global Controller	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Boston Shoemake Alicia R	officer: General Counsel	24955 I-45 NORTH, THE WOODLANDS TX 77380
Shawn D. Williams	director	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Gina Luna	director	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Wallace Bass C Jr	officer: General Counsel & Secretary	24955 INTERSTATE 45 N, THE WOODLANDS X1 77380
Mark E Baldwin	director	TETRA TECHNOLOGIES, INC., 24955 I 45 N, THE WOODLANDS TX 77380