Hochtief AG (Hochtief AG) Debt-to-EBITDA : 4.31 (As of Dec. 2023)

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What is Hochtief AG Debt-to-EBITDA?

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

Hochtief AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $699 Mil. Hochtief AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,299 Mil. Hochtief AG's annualized EBITDA for the quarter that ended in Dec. 2023 was $1,392 Mil. Hochtief AG's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.31.

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 Hochtief AG's Debt-to-EBITDA or its related term are showing as below:

HOCFF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.45 Med: 2.73 Max: 6.48
Current: 4.22

During the past 13 years, the highest Debt-to-EBITDA Ratio of Hochtief AG was 6.48. The lowest was 0.45. And the median was 2.73.

HOCFF's Debt-to-EBITDA is ranked worse than
67.38% of 1306 companies
in the Construction industry
Industry Median: 2.335 vs HOCFF: 4.22

Hochtief AG Debt-to-EBITDA Historical Data

The historical data trend for Hochtief AG'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.

Hochtief AG Debt-to-EBITDA Chart

Hochtief AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.99

3.00

5.37

4.68

4.22

Hochtief AG 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															5.27	0.33	0.35	0.36	4.31

Competitive Comparison of Hochtief AG's Debt-to-EBITDA

For the Engineering & Construction subindustry, Hochtief AG'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.

Hochtief AG's Debt-to-EBITDA Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hochtief AG's Debt-to-EBITDA distribution charts can be found below:

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

Hochtief AG Debt-to-EBITDA Calculation

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

Hochtief AG'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
	=	(699.001	+	5299.273)	/	1419.93
	=	4.22

Hochtief AG'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
	=	(699.001	+	5299.273)	/	1391.792
	=	4.31

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.

Hochtief AG (OTCPK:HOCFF) 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.

Hochtief AG Debt-to-EBITDA Related Terms

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

Hochtief AG (Hochtief AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hochtief AG (OTCPK:HOCFF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

1HOT:Italy HOTd:UK 0EPW:UK HOT:Germany HOT:Austria

Address

Alfredstrasse 236, Essen, NW, DEU, 45133

Website

https://www.hochtief.com

Hochtief AG develops and constructs building and infrastructure projects. It works on complex projects in transportation, energy, urban infrastructure, and mining markets. It expands transportation networks with roads, bridges, and tunnels, or designs and constructs office buildings, hospitals, and power plants. The company leans on expertise and technical know-how in developing, financing, building, and operating in designated business areas. Also, it will partner with external groups to work on specific components of a project. Hochtief reports operating segments by regional divisions: Americas, Asia Pacific, and Europe. The Americas and the Asia Pacific account for the majority of sales and are where most of the company's assets are located.