Innovate (STU:PSTA) Debt-to-EBITDA : 20.91 (As of Mar. 2024)

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What is Innovate Debt-to-EBITDA?

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

Innovate's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €44 Mil. Innovate's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €633 Mil. Innovate's annualized EBITDA for the quarter that ended in Mar. 2024 was €32 Mil. Innovate's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 20.91.

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

STU:PSTA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -30.83 Med: 13.11 Max: 42.8
Current: 12.29

During the past 13 years, the highest Debt-to-EBITDA Ratio of Innovate was 42.80. The lowest was -30.83. And the median was 13.11.

STU:PSTA's Debt-to-EBITDA is ranked worse than
89.78% of 1311 companies
in the Construction industry
Industry Median: 2.29 vs STU:PSTA: 12.29

Innovate Debt-to-EBITDA Historical Data

The historical data trend for Innovate'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.

Innovate Debt-to-EBITDA Chart

Innovate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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17.03

10.80

42.80

14.79

11.06

Innovate 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															10.25	13.02	11.71	10.60	20.91

Competitive Comparison of Innovate's Debt-to-EBITDA

For the Engineering & Construction subindustry, Innovate'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.

Innovate's Debt-to-EBITDA Distribution in the Construction Industry

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

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

Innovate Debt-to-EBITDA Calculation

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

Innovate'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
	=	(40.348	+	667.484)	/	64.007
	=	11.06

Innovate'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
	=	(43.884	+	633.236)	/	32.384
	=	20.91

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.

Innovate (STU:PSTA) 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.

Innovate Debt-to-EBITDA Related Terms

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

Innovate (STU:PSTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Innovate Corp (STU:PSTA) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

VATE:USA PSTA:Germany

Address

295 Madison Avenue, 12th Floor, New York, NY, USA, 10017

Website

https://www.innovatecorp.com

Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.

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