Beerenberg AS (OSL:BBERG) Debt-to-EBITDA : 2.08 (As of Dec. 2023)

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What is Beerenberg AS Debt-to-EBITDA?

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

Beerenberg AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr64 Mil. Beerenberg AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr412 Mil. Beerenberg AS's annualized EBITDA for the quarter that ended in Dec. 2023 was kr229 Mil. Beerenberg AS's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.08.

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 Beerenberg AS's Debt-to-EBITDA or its related term are showing as below:

OSL:BBERG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.24 Med: 3.41 Max: 3.72
Current: 2.24

During the past 4 years, the highest Debt-to-EBITDA Ratio of Beerenberg AS was 3.72. The lowest was 2.24. And the median was 3.41.

OSL:BBERG's Debt-to-EBITDA is ranked worse than
58.8% of 716 companies
in the Oil & Gas industry
Industry Median: 1.76 vs OSL:BBERG: 2.24

Beerenberg AS Debt-to-EBITDA Historical Data

The historical data trend for Beerenberg AS'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.

Beerenberg AS Debt-to-EBITDA Chart

Beerenberg AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

3.39

3.43

3.72

2.24

Beerenberg AS Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			N/A	-	3.37	3.72	2.08

Competitive Comparison of Beerenberg AS's Debt-to-EBITDA

For the Oil & Gas Equipment & Services subindustry, Beerenberg AS'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.

Beerenberg AS's Debt-to-EBITDA Distribution in the Oil & Gas Industry

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

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

Beerenberg AS Debt-to-EBITDA Calculation

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

Beerenberg AS'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
	=	(64.055	+	412.32)	/	213.122
	=	2.24

Beerenberg AS'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
	=	(64.055	+	412.32)	/	228.844
	=	2.08

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.

Beerenberg AS (OSL:BBERG) 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.

Beerenberg AS Debt-to-EBITDA Related Terms

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

Beerenberg AS (OSL:BBERG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Beerenberg AS (OSL:BBERG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ZA9:Germany

Address

Kokstaddalen 33, P.O.Box 273, Slåtthaug, Bergen, NOR, N-5851

Website

https://www.beerenberg.com

Beerenberg AS is a company engaged in contract work, production, industrial maintenance, trading, agency and commission work, and to take interests in other enterprises engaged in similar activities. Its Business activities include innovative service solutions for the oil and gas industry, covering the entire life cycle from field studies and newbuilds to maintenance, modifications, and lifetime extensions. The business area Services include Beerenberg´s core ISS disciplines Insulation, Scaffolding and Surface treatment, as well as passive fire protection, technical cleaning, rope access techniques, robotic surface treatment, architectural outfitting services.

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