Purmo Group (OHEL:PURMO) Debt-to-EBITDA : 2.89 (As of Mar. 2024)

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What is Purmo Group Debt-to-EBITDA?

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

Purmo Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €20.9 Mil. Purmo Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €306.7 Mil. Purmo Group's annualized EBITDA for the quarter that ended in Mar. 2024 was €113.2 Mil. Purmo Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 2.89.

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 Purmo Group's Debt-to-EBITDA or its related term are showing as below:

OHEL:PURMO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.79 Med: 5.9 Max: 13.03
Current: 5.55

During the past 7 years, the highest Debt-to-EBITDA Ratio of Purmo Group was 13.03. The lowest was 1.79. And the median was 5.90.

OHEL:PURMO's Debt-to-EBITDA is ranked worse than
74.64% of 1309 companies
in the Construction industry
Industry Median: 2.32 vs OHEL:PURMO: 5.55

Purmo Group Debt-to-EBITDA Historical Data

The historical data trend for Purmo Group'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.

Purmo Group Debt-to-EBITDA Chart

Purmo Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.79

13.03

4.65

7.16

Purmo Group Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial												3.28	4.25	3.92	-8.80	2.89

Competitive Comparison of Purmo Group's Debt-to-EBITDA

For the Building Products & Equipment subindustry, Purmo Group'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.

Purmo Group's Debt-to-EBITDA Distribution in the Construction Industry

For the Construction industry and Industrials sector, Purmo Group's Debt-to-EBITDA distribution charts can be found below:

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

Purmo Group Debt-to-EBITDA Calculation

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

Purmo Group'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
	=	(17.7	+	309.6)	/	45.7
	=	7.16

Purmo Group'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
	=	(20.9	+	306.7)	/	113.2
	=	2.89

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.

Purmo Group (OHEL:PURMO) 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.

Purmo Group Debt-to-EBITDA Related Terms

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

Purmo Group (OHEL:PURMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Purmo Group PLC (OHEL:PURMO) » Definitions » Debt-to-EBITDA

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Traded in Other Exchanges

4M9:Germany

Address

Bulevardi 46, P.O. Box 115, Helsinki, FIN, 00120

Website

https://www.purmogroup.com

Purmo Group PLC offers sustainable indoor climate comfort solutions in Europe. The company's operating segments include two divisions: Radiators and ICS. It generates the majority of the revenue from the Radiators segment which manufactures two broader product categories: panel radiators comprised of horizontal and decorative panel radiators and vertical decorative radiators, and other radiators comprised of towel warmers, decorative tubular radiators, and electric radiators. Its ICS division provides a comprehensive range of components to wholesalers, specifiers, and installers comprising four product categories; radiant heating and cooling, air heating and cooling, water distribution systems, and system components and controls.

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