Neste OYJ (OHEL:NESTE) Debt-to-EBITDA

: 2.39 (As of Dec. 2023)

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

Neste OYJ's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €581 Mil. Neste OYJ's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3,487 Mil. Neste OYJ's annualized EBITDA for the quarter that ended in Dec. 2023 was €1,704 Mil. Neste OYJ's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.39.

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

OHEL:NESTE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.51 Med: 0.87 Max: 3.95
Current: 2.37

During the past 13 years, the highest Debt-to-EBITDA Ratio of Neste OYJ was 3.95. The lowest was 0.51. And the median was 0.87.

OHEL:NESTE's Debt-to-EBITDA is ranked worse than
60.95% of 717 companies
in the Oil & Gas industry
Industry Median: 1.73 vs OHEL:NESTE: 2.37

Neste OYJ Debt-to-EBITDA Historical Data

The historical data trend for Neste OYJ'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.

Neste OYJ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.51

0.87

0.68

0.88

1.58

Neste OYJ 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															1.14	2.92	2.66	1.39	2.39

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.

Neste OYJ Debt-to-EBITDA Distribution

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

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

Neste OYJ Debt-to-EBITDA Calculation

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

Neste OYJ'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
	=	(581	+	3487)	/	2580
	=	1.58

Neste OYJ'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
	=	(581	+	3487)	/	1704
	=	2.39

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.

Neste OYJ (OHEL:NESTE) 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.

Neste OYJ Debt-to-EBITDA Related Terms

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

Neste OYJ (OHEL:NESTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Neste OYJ (OHEL:NESTE) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

NTOIY:USA NTOIF:USA NESTE:Mexico 1NESTE:Italy NESTEh:UK 0O46:UK NEF:Germany

Address

Keilaranta 21, P.O. Box 95, Neste, Espoo, FIN, 00095

Website

https://www.neste.com

Neste OYJ Formerly Neste Corp. offers renewable products and solutions and oil products to a host of global markets. Its business is divided into various segments, including oil products, renewable products, marketing and services and others. Oil products is the largest contributor of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste's oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.

Neste OYJ (OHEL:NESTE) Headlines

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