Canadian Utilities (Canadian Utilities) Debt-to-EBITDA

: 4.75 (As of Dec. 2023)

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

Canadian Utilities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $399.52 Mil. Canadian Utilities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,493.29 Mil. Canadian Utilities's annualized EBITDA for the quarter that ended in Dec. 2023 was $1,660.70 Mil. Canadian Utilities's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.75.

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 Canadian Utilities's Debt-to-EBITDA or its related term are showing as below:

CNAUF.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.2 Med: 5.17 Max: 6.03
Current: 5.06

During the past 13 years, the highest Debt-to-EBITDA Ratio of Canadian Utilities was 6.03. The lowest was 4.20. And the median was 5.17.

CNAUF.PFD's Debt-to-EBITDA is ranked worse than
65.36% of 459 companies
in the Utilities - Regulated industry
Industry Median: 3.5 vs CNAUF.PFD: 5.06

Canadian Utilities Debt-to-EBITDA Historical Data

The historical data trend for Canadian Utilities'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.

Canadian Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

4.35

5.72

6.03

5.09

5.06

Canadian Utilities 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																5.13	3.88	6.03	5.91	4.75

Competitive Comparison

For the Utilities - Diversified subindustry, Canadian Utilities'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.

Canadian Utilities Debt-to-EBITDA Distribution

For the Utilities - Regulated industry and Utilities sector, Canadian Utilities's Debt-to-EBITDA distribution charts can be found below:

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

Canadian Utilities Debt-to-EBITDA Calculation

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

Canadian Utilities'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
	=	(399.523	+	7493.292)	/	1560.078
	=	5.06

Canadian Utilities'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
	=	(399.523	+	7493.292)	/	1660.704
	=	4.75

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.

Canadian Utilities (OTCPK:CNAUF.PFD) 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.

Canadian Utilities Debt-to-EBITDA Related Terms

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

Canadian Utilities (Canadian Utilities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Canadian Utilities Ltd (OTCPK:CNAUF.PFD) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CDUTF.PFD:USA CDUAF:USA CUD:Germany CU.PR.I.PFD:Canada CU.PR.H.PFD:Canada CU.PR.G.PFD:Canada CU.PR.F.PFD:Canada CU.PR.E.PFD:Canada CU.PR.D.PFD:Canada CU.PR.C.PFD:Canada CU:Canada

Address

5302 Forand Street S.W., 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4

Website

https://www.canadianutilities.com

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company's main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.