Borealis Exploration (Borealis Exploration) Debt-to-EBITDA

Borealis Exploration Annual Data
	Trend	Mar14	Mar15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Debt-to-EBITDA							-2.18	0.23	0.22	0.12	-

Borealis Exploration Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Sep23
Debt-to-EBITDA																0.23	0.16	0.15	N/A	N/A

For the Shell Companies subindustry, Borealis Exploration'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.

For the Diversified Financial Services industry and Financial Services sector, Borealis Exploration's Debt-to-EBITDA distribution charts can be found below:

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

Borealis Exploration Debt-to-EBITDA Calculation

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

Borealis Exploration's Debt-to-EBITDA for the fiscal year that ended in Sep. 2023 is calculated as

Borealis Exploration's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2022 is calculated as

* 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.

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 (Sep. 2022) EBITDA data.

Borealis Exploration  (OTCPK:BOREF) 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.

Borealis Exploration Debt-to-EBITDA Related Terms

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

Borealis Exploration (Borealis Exploration) Business Description