Brookfield Infrastructure Partners LP (TSX:BIP.PR.F.PFD) Debt-to-EBITDA

: 7.21 (As of Dec. 2023)

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

Brookfield Infrastructure Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$8,698.93 Mil. Brookfield Infrastructure Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$57,809.54 Mil. Brookfield Infrastructure Partners LP's annualized EBITDA for the quarter that ended in Dec. 2023 was C$9,230.21 Mil. Brookfield Infrastructure Partners LP's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 7.21.

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 Brookfield Infrastructure Partners LP's Debt-to-EBITDA or its related term are showing as below:

TSX:BIP.PR.F.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.01 Med: 6.24 Max: 7.74
Current: 7.04

During the past 13 years, the highest Debt-to-EBITDA Ratio of Brookfield Infrastructure Partners LP was 7.74. The lowest was 5.01. And the median was 6.24.

TSX:BIP.PR.F.PFD's Debt-to-EBITDA is ranked worse than
81.52% of 460 companies
in the Utilities - Regulated industry
Industry Median: 3.535 vs TSX:BIP.PR.F.PFD: 7.04

Brookfield Infrastructure Partners LP Debt-to-EBITDA Historical Data

The historical data trend for Brookfield Infrastructure Partners LP'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.

Brookfield Infrastructure Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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7.74

6.91

5.01

5.94

7.06

Brookfield Infrastructure Partners LP 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															6.97	6.02	4.13	6.48	7.21

Competitive Comparison

For the Utilities - Diversified subindustry, Brookfield Infrastructure Partners LP'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.

Brookfield Infrastructure Partners LP Debt-to-EBITDA Distribution

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

* The bar in red indicates where Brookfield Infrastructure Partners LP's Debt-to-EBITDA falls into.

Brookfield Infrastructure Partners LP Debt-to-EBITDA Calculation

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

Brookfield Infrastructure Partners LP'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
	=	(8698.934	+	57809.544)	/	9420.715
	=	7.06

Brookfield Infrastructure Partners LP'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
	=	(8698.934	+	57809.544)	/	9230.208
	=	7.21

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.

Brookfield Infrastructure Partners LP (TSX:BIP.PR.F.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.

Brookfield Infrastructure Partners LP Debt-to-EBITDA Related Terms

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

Brookfield Infrastructure Partners LP (TSX:BIP.PR.F.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Brookfield Infrastructure Partners LP (TSX:BIP.PR.F.PFD) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

BIPpB.PFD:USA BIPpA.PFD:USA BIP:USA BIP.PR.E.PFD:Canada BIP.UN:Canada BIP.PR.B.PFD:Canada BIP.PR.A.PFD:Canada

Address

73 Front Street, 5th Floor, Hamilton, BMU, HM12

Website

https://www.bip.brookfield.com

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company's segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Canada and also has a presence in Australia, Colombia, United Kingdom, Brazil, United States of America, Chile, Peru and other countries.

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