Strike Energy (ASX:STX) Debt-to-EBITDA : 5.79 (As of Dec. 2023)

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What is Strike Energy Debt-to-EBITDA?

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

Strike Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$12.23 Mil. Strike Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$14.27 Mil. Strike Energy's annualized EBITDA for the quarter that ended in Dec. 2023 was A$4.58 Mil. Strike Energy's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.79.

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 Strike Energy's Debt-to-EBITDA or its related term are showing as below:

ASX:STX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -18.72 Med: -1.52 Max: 1.83
Current: -8.38

During the past 13 years, the highest Debt-to-EBITDA Ratio of Strike Energy was 1.83. The lowest was -18.72. And the median was -1.52.

ASX:STX's Debt-to-EBITDA is ranked worse than
100% of 720 companies
in the Oil & Gas industry
Industry Median: 1.76 vs ASX:STX: -8.38

Strike Energy Debt-to-EBITDA Historical Data

The historical data trend for Strike Energy'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.

Strike Energy Debt-to-EBITDA Chart

Strike Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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-1.16

-18.72

-1.67

-2.26

Strike Energy 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															-1.06	-1.57	-1.80	-2.82	5.79

Competitive Comparison of Strike Energy's Debt-to-EBITDA

For the Oil & Gas E&P subindustry, Strike Energy'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.

Strike Energy's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Strike Energy's Debt-to-EBITDA distribution charts can be found below:

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

Strike Energy Debt-to-EBITDA Calculation

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

Strike Energy'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
	=	(13.818	+	16.908)	/	-13.575
	=	-2.26

Strike Energy'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
	=	(12.233	+	14.265)	/	4.578
	=	5.79

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.

Strike Energy (ASX:STX) 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.

Strike Energy Debt-to-EBITDA Related Terms

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

Strike Energy (ASX:STX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strike Energy Ltd (ASX:STX) » Definitions » Debt-to-EBITDA

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STKKF:USA RJN:Germany

Address

40 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.strikeenergy.com.au

Strike is operator across all 3,000 square kilometers of its Perth Basin acreage and has grown its net gas reserve and resource position to become the largest in the basin at 1,022 PJ. It has also achieved first production from its Walyering gas field. Walyering's intended 33 terajoules/d of gross production will generate material cash flows albeit to short five years life. The cash will regardless be useful for the undertaking additional projects with Strike targeting up to four gas fields being online by the end of 2026. In addition to Walyering, these include South Erregulla, West Erregulla and Ocean Hill. The more ambitious Project Haber, Strike's proposed multibillion dollar 1.4 million metric tons per year urea manufacturing facility, is now on the backburner.