Dubai Taxi Co (DFM:DTC) Debt-to-EBITDA : 1.44 (As of Mar. 2024)

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What is Dubai Taxi Co Debt-to-EBITDA?

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

Dubai Taxi Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ0 Mil. Dubai Taxi Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ997 Mil. Dubai Taxi Co's annualized EBITDA for the quarter that ended in Mar. 2024 was د.إ692 Mil. Dubai Taxi Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 1.44.

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 Dubai Taxi Co's Debt-to-EBITDA or its related term are showing as below:

DFM:DTC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.38 Med: 0.04 Max: 2
Current: 1.82

During the past 5 years, the highest Debt-to-EBITDA Ratio of Dubai Taxi Co was 2.00. The lowest was -1.38. And the median was 0.04.

DFM:DTC's Debt-to-EBITDA is ranked better than
52.01% of 821 companies
in the Business Services industry
Industry Median: 1.93 vs DFM:DTC: 1.82

Dubai Taxi Co Debt-to-EBITDA Historical Data

The historical data trend for Dubai Taxi Co'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.

Dubai Taxi Co Debt-to-EBITDA Chart

Dubai Taxi Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

0.04

-1.38

0.03

2.00

Dubai Taxi Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial						-	-	2.12	1.89	1.44

Competitive Comparison of Dubai Taxi Co's Debt-to-EBITDA

For the Rental & Leasing Services subindustry, Dubai Taxi Co'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.

Dubai Taxi Co's Debt-to-EBITDA Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Dubai Taxi Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Dubai Taxi Co's Debt-to-EBITDA falls into.

Dubai Taxi Co Debt-to-EBITDA Calculation

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

Dubai Taxi Co'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
	=	(0	+	997.013)	/	497.636
	=	2.00

Dubai Taxi Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	997.17)	/	691.936
	=	1.44

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 (Mar. 2024) EBITDA data.

Dubai Taxi Co (DFM:DTC) 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.

Dubai Taxi Co Debt-to-EBITDA Related Terms

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

Dubai Taxi Co (DFM:DTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dubai Taxi Co (DFM:DTC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Amman Street, First floor, main building, Al Muhaisnah area, Dubai, ARE

Website

https://www.dubaitaxi.ae

Dubai Taxi Co is a mobility solutions and taxi operator company in Dubai. It offers a wide range of transportation solutions across its four main business lines, which include taxi services through its large, environmentally friendly fleet, VIP limousine services consisting of chauffeur-driven vehicles to provide luxury service, bus services, and last-mile delivery services via delivery bikes. The company operates more than 7,000 vehicles.