Oceania Healthcare (NZSE:OCA) Debt-to-EBITDA : 6.19 (As of Sep. 2023)

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What is Oceania Healthcare Debt-to-EBITDA?

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

Oceania Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$0.0 Mil. Oceania Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$623.1 Mil. Oceania Healthcare's annualized EBITDA for the quarter that ended in Sep. 2023 was NZ$100.7 Mil. Oceania Healthcare's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 6.18.

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 Oceania Healthcare's Debt-to-EBITDA or its related term are showing as below:

NZSE:OCA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -39.55 Med: 3.3 Max: 12.75
Current: 8.92

During the past 6 years, the highest Debt-to-EBITDA Ratio of Oceania Healthcare was 12.75. The lowest was -39.55. And the median was 3.30.

NZSE:OCA's Debt-to-EBITDA is ranked worse than
87.03% of 424 companies
in the Healthcare Providers & Services industry
Industry Median: 2.645 vs NZSE:OCA: 8.92

Oceania Healthcare Debt-to-EBITDA Historical Data

The historical data trend for Oceania Healthcare'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.

Oceania Healthcare Debt-to-EBITDA Chart

Oceania Healthcare Annual Data

Trend

May17

May18

May19

May20

Mar22

Mar23

Debt-to-EBITDA

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1.93

6.09

-39.55

4.66

12.75

Oceania Healthcare Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial								3.79	5.38	10.46	14.31	6.19

Competitive Comparison of Oceania Healthcare's Debt-to-EBITDA

For the Medical Care Facilities subindustry, Oceania Healthcare'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.

Oceania Healthcare's Debt-to-EBITDA Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Oceania Healthcare's Debt-to-EBITDA distribution charts can be found below:

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

Oceania Healthcare Debt-to-EBITDA Calculation

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

Oceania Healthcare's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	558.387)	/	43.794
	=	12.75

Oceania Healthcare'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
	=	(0	+	623.091)	/	100.746
	=	6.18

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 (Sep. 2023) EBITDA data.

Oceania Healthcare (NZSE:OCA) 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.

Oceania Healthcare Debt-to-EBITDA Related Terms

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

Oceania Healthcare (NZSE:OCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Oceania Healthcare Ltd (NZSE:OCA) » Definitions » Debt-to-EBITDA

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Traded in Other Exchanges

OCA:Australia

Address

80 Queen Street, Level 11, Deloitte Building, Auckland, NTL, NZL, 1010

Website

https://www.oceaniahealthcare.co.nz

Oceania Healthcare Ltd owns and operates rest homes and retirement villages. The business activities of the group are operated through care operations, village operations, and Other segments. It generates maximum revenue from the care operations segment which includes traditional care beds and care suites as well as provision of accommodation, care and care packages, meals, and related services to aged care residents. Geographically it operates through New Zealand. The company derives revenue from Rest home, hospital, dementia fees, Village service fees, Rental income, and others.