Ryanair Holdings (Ryanair Holdings) Debt-to-EBITDA : 2.84 (As of Dec. 2023)

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What is Ryanair Holdings Debt-to-EBITDA?

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

Ryanair Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $120 Mil. Ryanair Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,904 Mil. Ryanair Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $1,067 Mil. Ryanair Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.84.

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

RYAAY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -11.6 Med: 2.18 Max: 13.33
Current: 1.35

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ryanair Holdings was 13.33. The lowest was -11.60. And the median was 2.18.

RYAAY's Debt-to-EBITDA is ranked better than
74.06% of 848 companies
in the Transportation industry
Industry Median: 2.83 vs RYAAY: 1.35

Ryanair Holdings Debt-to-EBITDA Historical Data

The historical data trend for Ryanair Holdings'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.

Ryanair Holdings Debt-to-EBITDA Chart

Ryanair Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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2.21

2.82

-11.60

13.33

1.69

Ryanair Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.88	2.91	10.39	0.41	2.84

Competitive Comparison of Ryanair Holdings's Debt-to-EBITDA

For the Airlines subindustry, Ryanair Holdings'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.

Ryanair Holdings's Debt-to-EBITDA Distribution in the Transportation Industry

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

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

Ryanair Holdings Debt-to-EBITDA Calculation

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

Ryanair Holdings's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1177.623	+	3229.443)	/	2615.096
	=	1.69

Ryanair Holdings'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
	=	(119.956	+	2903.817)	/	1066.52
	=	2.84

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.

Ryanair Holdings (NAS:RYAAY) 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.

Ryanair Holdings Debt-to-EBITDA Related Terms

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

Ryanair Holdings (Ryanair Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ryanair Holdings PLC (NAS:RYAAY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

RYAOF:USA RYAAY:Mexico RYA:Ireland 0RYAl:UK 0RYA:UK RY4C:Germany RY4D:Germany RY4C:Germany RY4D:Germany RY4C:Germany R1YA34:Brazil

Address

Airside Business Park, Swords, Dublin, IRL, K67 NY94

Website

https://www.ryanair.com

Ryanair Holdings PLC is the leading airline group by passenger numbers in Europe. The company employs a low-cost no-frills model to offer low fares to leisure customers on short-haul intra-European routes. In 2020, the most recent pre-pandemic fiscal year, the company carried 149 million passengers, utilizing a fleet of 467 Boeing 737 aircraft across its 1,800 routes. To keep costs low the company serves predominantly lower-cost secondary airports. The company generated sales of EUR 8.5 billion in fiscal 2020.