Cleanaway Waste Management (ASX:CWY) Debt-to-EBITDA : 2.53 (As of Dec. 2023)

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What is Cleanaway Waste Management Debt-to-EBITDA?

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

Cleanaway Waste Management's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$103 Mil. Cleanaway Waste Management's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,581 Mil. Cleanaway Waste Management's annualized EBITDA for the quarter that ended in Dec. 2023 was A$666 Mil. Cleanaway Waste Management's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.53.

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 Cleanaway Waste Management's Debt-to-EBITDA or its related term are showing as below:

ASX:CWY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.2 Med: 2.18 Max: 3.55
Current: 3.24

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cleanaway Waste Management was 3.55. The lowest was 1.20. And the median was 2.18.

ASX:CWY's Debt-to-EBITDA is ranked better than
53.01% of 183 companies
in the Waste Management industry
Industry Median: 3.5 vs ASX:CWY: 3.24

Cleanaway Waste Management Debt-to-EBITDA Historical Data

The historical data trend for Cleanaway Waste Management'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.

Cleanaway Waste Management Debt-to-EBITDA Chart

Cleanaway Waste Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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1.65

2.35

2.13

3.55

3.35

Cleanaway Waste Management 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	Get a 7-Day Free Trial															3.55	3.52	2.71	4.26	2.53

Competitive Comparison of Cleanaway Waste Management's Debt-to-EBITDA

For the Waste Management subindustry, Cleanaway Waste Management'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.

Cleanaway Waste Management's Debt-to-EBITDA Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Cleanaway Waste Management's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Cleanaway Waste Management's Debt-to-EBITDA falls into.

Cleanaway Waste Management Debt-to-EBITDA Calculation

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

Cleanaway Waste Management's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(98.4	+	1490.7)	/	474.9
	=	3.35

Cleanaway Waste Management'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
	=	(103.2	+	1580.6)	/	666.2
	=	2.53

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.

Cleanaway Waste Management (ASX:CWY) 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.

Cleanaway Waste Management Debt-to-EBITDA Related Terms

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

Cleanaway Waste Management (ASX:CWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Waste Management Ltd (ASX:CWY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

TSPCF:USA TG9:Germany

Address

441 St Kilda Road, Level 4, Melbourne, VIC, AUS, 3004

Website

https://www.cleanaway.com.au

Cleanaway Waste Management is Australia's largest waste management business with a national footprint spanning collection, midstream waste processing, treatment, and valorization, and downstream waste disposal. Cleanaway is active in municipal and commercial and industrial, or C&I, waste stream segments and in nonhazardous and hazardous liquid waste and medical waste streams following the acquisition of Toxfree in fiscal 2018. While Cleanaway is allocating greater capital to midstream waste processing and treatment, earnings remain skewed toward waste collection. Cleanaway is particularly strong in C&I and municipal waste collection with strong market share in all large Australian metro waste collection market.

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