Iveco Group NV (MIL:IVG) Debt-to-EBITDA : 3.41 (As of Dec. 2023)

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What is Iveco Group NV Debt-to-EBITDA?

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

Iveco Group NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3,942 Mil. Iveco Group NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,158 Mil. Iveco Group NV's annualized EBITDA for the quarter that ended in Dec. 2023 was €1,788 Mil. Iveco Group NV's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.41.

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

MIL:IVG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.27 Med: 5.71 Max: 30.71
Current: 4.27

During the past 6 years, the highest Debt-to-EBITDA Ratio of Iveco Group NV was 30.71. The lowest was 4.27. And the median was 5.71.

MIL:IVG's Debt-to-EBITDA is ranked worse than
79.63% of 162 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.9 vs MIL:IVG: 4.27

Iveco Group NV Debt-to-EBITDA Historical Data

The historical data trend for Iveco Group NV'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.

Iveco Group NV Debt-to-EBITDA Chart

Iveco Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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6.28

30.71

6.91

4.47

4.84

Iveco Group NV Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial											3.06	4.52	2.74	3.64	3.41

Competitive Comparison of Iveco Group NV's Debt-to-EBITDA

For the Farm & Heavy Construction Machinery subindustry, Iveco Group NV'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.

Iveco Group NV's Debt-to-EBITDA Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Iveco Group NV's Debt-to-EBITDA distribution charts can be found below:

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

Iveco Group NV Debt-to-EBITDA Calculation

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

Iveco Group NV'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
	=	(3942	+	2158)	/	1260
	=	4.84

Iveco Group NV'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
	=	(3942	+	2158)	/	1788
	=	3.41

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.

Iveco Group NV (MIL:IVG) 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.

Iveco Group NV Debt-to-EBITDA Related Terms

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

Iveco Group NV (MIL:IVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Iveco Group NV (MIL:IVG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

IVCGF:USA IVGm:UK R3D:Germany

Address

Via Puglia n. 35, Turin, ITA, 10156

Website

https://www.ivecogroup.com

Iveco Group NV is engaged in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, and specialty vehicles for firefighting, defense, and other uses, as well as combustion engines, alternative propulsion systems, transmissions, and axles. The group has three operating segments: Commercial and Specialty Vehicles, Powertrain and Financial Services. Majority of revenue is generated from Commercial and Specialty Vehicles. Commercial and Specialty Vehicles designs, manufactures and distributes a full range of light, medium, and heavy vehicles for the transportation and distribution of goods; city-buses, commuter buses; quarry and mining equipment. Geographically, majority of revenue is generated from Europe.

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