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PJT Partners (PJT Partners) Debt-to-EBITDA : 1.19 (As of Dec. 2023)


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What is PJT Partners Debt-to-EBITDA?

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

PJT Partners's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. PJT Partners's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $331 Mil. PJT Partners's annualized EBITDA for the quarter that ended in Dec. 2023 was $277 Mil. PJT Partners's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.19.

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 PJT Partners's Debt-to-EBITDA or its related term are showing as below:

PJT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.42   Med: 0.56   Max: 1.45
Current: 1.24

During the past 12 years, the highest Debt-to-EBITDA Ratio of PJT Partners was 1.45. The lowest was 0.42. And the median was 0.56.

PJT's Debt-to-EBITDA is ranked better than
53.73% of 415 companies
in the Capital Markets industry
Industry Median: 1.57 vs PJT: 1.24

PJT Partners Debt-to-EBITDA Historical Data

The historical data trend for PJT Partners'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.

PJT Partners Debt-to-EBITDA Chart

PJT Partners Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.45 0.55 0.56 0.51 1.35

PJT Partners Quarterly Data
Jun19 Sep19 Dec19 Mar20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.73 0.44 0.50 1.19 -

Competitive Comparison of PJT Partners's Debt-to-EBITDA

For the Capital Markets subindustry, PJT Partners'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.


PJT Partners's Debt-to-EBITDA Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, PJT Partners's Debt-to-EBITDA distribution charts can be found below:

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



PJT Partners Debt-to-EBITDA Calculation

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

PJT Partners'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 + 330.6) / 245.062
=1.35

PJT Partners'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
=(0 + 330.6) / 276.944
=1.19

* 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.

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 (Dec. 2023) EBITDA data.


PJT Partners  (NYSE:PJT) 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.


PJT Partners Debt-to-EBITDA Related Terms

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


PJT Partners (PJT Partners) Business Description

Traded in Other Exchanges
Address
280 Park Avenue, New York, NY, USA, 10017
PJT Partners Inc is an advisory-focused investment bank that offers a portfolio of advisory services designed to help its clients achieve their strategic objectives. The company delivers a range of strategic advisory, capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments around the world. It also provides private fund advisory and fundraising services for alternative investment strategies, including private equity, real estate, hedge funds, and private credit. The company generates its revenue from advisory fees, placement fees, and others. Geographically, It generates a majority of its revenue from the United States.
Executives
Ji-yeun Lee officer: Managing Partner C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
Helen T Meates officer: Chief Financial Officer C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
Kievdi Don Cornwell director C/O PJT PARTNERS INC., 280 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10017
Grace Reksten Skaugen director C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
David Adam Travin officer: General Counsel C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
James W Cuminale officer: General Counsel ONE PICKWICK PLAZA, GREENWICH CT 06830
Paul J Taubman director, officer: Chairman and CEO C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Dennis S Hersch director 8000 WALTON PARKWAY, SUITE 100, NEW ALBANY OH 43054
James Costos director C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
Thomas M Ryan director ONE CVS DR, WOONSOCKET RI 02895
Kenneth C Whitney director C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
Emily K Rafferty director C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
Kathleen Skero officer: See Remarks THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I/ii Gp L.l.c. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Michael Chae officer: Chief Financial Officer 345 PARK AVENUE, NEW YORK NY 10154