Heineken NV (Heineken NV) Debt-to-EBITDA

: 2.80 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

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

Heineken NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,571 Mil. Heineken NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15,317 Mil. Heineken NV's annualized EBITDA for the quarter that ended in Dec. 2023 was $7,104 Mil. Heineken NV's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.80.

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 Heineken NV's Debt-to-EBITDA or its related term are showing as below:

HINKF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.49 Med: 2.98 Max: 5.11
Current: 3

During the past 13 years, the highest Debt-to-EBITDA Ratio of Heineken NV was 5.11. The lowest was 2.49. And the median was 2.98.

HINKF's Debt-to-EBITDA is ranked worse than
67.7% of 161 companies
in the Beverages - Alcoholic industry
Industry Median: 1.68 vs HINKF: 3.00

Heineken NV Debt-to-EBITDA Historical Data

The historical data trend for Heineken NV'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.

Heineken NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

2.93

5.11

2.49

2.54

3.00

Heineken NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA																2.08	2.63	2.48	3.53	2.80

Competitive Comparison

For the Beverages - Brewers subindustry, Heineken NV'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.

Heineken NV Debt-to-EBITDA Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken NV's Debt-to-EBITDA distribution charts can be found below:

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

Heineken NV Debt-to-EBITDA Calculation

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

Heineken NV'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
	=	(4571.429	+	15317.339)	/	6621.592
	=	3.00

Heineken NV'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
	=	(4571.429	+	15317.339)	/	7103.598
	=	2.80

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 two times the quarterly (Dec. 2023) EBITDA data.

Heineken NV (OTCPK:HINKF) 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.

Heineken NV Debt-to-EBITDA Related Terms

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

Heineken NV (Heineken NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Heineken NV (OTCPK:HINKF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

HEINY:USA HEIA:Netherlands HEIA:Mexico HEIAa:UK 0O26:UK HNK1:Germany HEIA:Austria

Address

Tweede Weteringplantsoen 21, P.O. Box 28, Amsterdam, NH, NLD, 1000 AA

Website

https://www.theheinekencompany.com

Heineken sold 257 million hectolitres of beer in 2022, and is the world's second-largest brewer behind Anheuser-Busch InBev. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager by volume and has spawned several brand extensions including Heineken 0.0 and Heineken Silver. Heineken is the world's biggest cider producer, and its portfolio also includes brands in the nonalcoholic, Belgian, and craft beer categories.