Lightning eMotors (FRA:9LK) Debt-to-EBITDA : -0.36 (As of Sep. 2023)

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What is Lightning eMotors Debt-to-EBITDA?

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

Lightning eMotors's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €53.55 Mil. Lightning eMotors's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €8.67 Mil. Lightning eMotors's annualized EBITDA for the quarter that ended in Sep. 2023 was €-172.49 Mil. Lightning eMotors's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -0.36.

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 Lightning eMotors's Debt-to-EBITDA or its related term are showing as below:

FRA:9LK' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.86 Med: -0.73 Max: 2.24
Current: -0.76

During the past 4 years, the highest Debt-to-EBITDA Ratio of Lightning eMotors was 2.24. The lowest was -0.86. And the median was -0.73.

FRA:9LK's Debt-to-EBITDA is ranked worse than
100% of 165 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 2.05 vs FRA:9LK: -0.76

Lightning eMotors Debt-to-EBITDA Historical Data

The historical data trend for Lightning eMotors'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.

Lightning eMotors Debt-to-EBITDA Chart

Lightning eMotors Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

-0.74

-0.73

-0.86

2.24

Lightning eMotors Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial										6.63	-3.94	-0.78	-0.94	-0.36

Competitive Comparison of Lightning eMotors's Debt-to-EBITDA

For the Farm & Heavy Construction Machinery subindustry, Lightning eMotors'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.

Lightning eMotors's Debt-to-EBITDA Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lightning eMotors's Debt-to-EBITDA distribution charts can be found below:

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

Lightning eMotors Debt-to-EBITDA Calculation

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

Lightning eMotors's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.726	+	65.927)	/	30.159
	=	2.24

Lightning eMotors's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(53.55	+	8.666)	/	-172.492
	=	-0.36

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 (Sep. 2023) EBITDA data.

Lightning eMotors (FRA:9LK) 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.

Lightning eMotors Debt-to-EBITDA Related Terms

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

Lightning eMotors (FRA:9LK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lightning eMotors Inc (FRA:9LK) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ZEVY:USA

Address

815 14th Street South West, Suite A100, Loveland, CO, USA, 80537

Website

https://www.lightningemotors.com

Lightning eMotors Inc is engaged in designing and manufacturing zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Its product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances, and electric powertrains for school buses, transit buses, and motor coaches. Its product solutions help its customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.

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