Millicom International Cellular (Millicom International Cellular) Debt-to-EBITDA

: 3.47 (As of Dec. 2023)

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

Millicom International Cellular's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $410 Mil. Millicom International Cellular's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,330 Mil. Millicom International Cellular's annualized EBITDA for the quarter that ended in Dec. 2023 was $2,232 Mil. Millicom International Cellular's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.47.

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 Millicom International Cellular's Debt-to-EBITDA or its related term are showing as below:

TIGO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.07 Med: 3.61 Max: 4.67
Current: 3.67

During the past 13 years, the highest Debt-to-EBITDA Ratio of Millicom International Cellular was 4.67. The lowest was 1.07. And the median was 3.61.

TIGO's Debt-to-EBITDA is ranked worse than
69.18% of 318 companies
in the Telecommunication Services industry
Industry Median: 2.21 vs TIGO: 3.67

Millicom International Cellular Debt-to-EBITDA Historical Data

The historical data trend for Millicom International Cellular'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.

Millicom International Cellular Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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3.85

4.67

3.77

3.62

3.67

Millicom International Cellular Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															3.69	3.82	3.81	3.69	3.47

Competitive Comparison

For the Telecom Services subindustry, Millicom International Cellular'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.

Millicom International Cellular Debt-to-EBITDA Distribution

For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's Debt-to-EBITDA distribution charts can be found below:

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

Millicom International Cellular Debt-to-EBITDA Calculation

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

Millicom International Cellular'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
	=	(410	+	7330)	/	2107
	=	3.67

Millicom International Cellular'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
	=	(410	+	7330)	/	2232
	=	3.47

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.

Millicom International Cellular (NAS:TIGO) 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.

Millicom International Cellular Debt-to-EBITDA Related Terms

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Millicom International Cellular (Millicom International Cellular) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Millicom International Cellular SA (NAS:TIGO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

TIGO SDB:Sweden TIGOs:UK 0GRK:UK M4M1:Germany M4M1:Germany M4M:Germany

Address

2, Rue du Fort Bourbon, Luxembourg, LUX, L-1249

Website

https://www.millicom.com

Millicom offers wireless and fixed-line telecom services primarily in smaller, less congested markets or in less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), Costa Rica (100%) and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's fixed-line networks reach nearly 13 million homes while its wireless networks cover about 120 million people. Increasingly, Millicom offers a converged package that may include fixed-line phone, broadband, and pay television in conjunction with wireless services. The firm plans to carve out its infrastructure assets and mobile financial services business in 2023.