Solaris Oilfield Infrastructure (Solaris Oilfield Infrastructure) Debt-to-EBITDA : 0.64 (As of Dec. 2023)

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What is Solaris Oilfield Infrastructure Debt-to-EBITDA?

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

Solaris Oilfield Infrastructure's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.8 Mil. Solaris Oilfield Infrastructure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $43.9 Mil. Solaris Oilfield Infrastructure's annualized EBITDA for the quarter that ended in Dec. 2023 was $75.0 Mil. Solaris Oilfield Infrastructure's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.64.

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 Solaris Oilfield Infrastructure's Debt-to-EBITDA or its related term are showing as below:

SOI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.25 Med: 0.28 Max: 0.56
Current: 0.56

During the past 9 years, the highest Debt-to-EBITDA Ratio of Solaris Oilfield Infrastructure was 0.56. The lowest was -0.25. And the median was 0.28.

SOI's Debt-to-EBITDA is ranked better than
78.38% of 717 companies
in the Oil & Gas industry
Industry Median: 1.74 vs SOI: 0.56

Solaris Oilfield Infrastructure Debt-to-EBITDA Historical Data

The historical data trend for Solaris Oilfield Infrastructure'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.

Solaris Oilfield Infrastructure Debt-to-EBITDA Chart

Solaris Oilfield Infrastructure Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.06

-0.25

0.28

0.56

Solaris Oilfield Infrastructure 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															0.27	0.41	0.57	0.75	0.64

Competitive Comparison of Solaris Oilfield Infrastructure's Debt-to-EBITDA

For the Oil & Gas Equipment & Services subindustry, Solaris Oilfield Infrastructure'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.

Solaris Oilfield Infrastructure's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Solaris Oilfield Infrastructure's Debt-to-EBITDA distribution charts can be found below:

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

Solaris Oilfield Infrastructure Debt-to-EBITDA Calculation

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

Solaris Oilfield Infrastructure'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
	=	(3.847	+	43.942)	/	86.087
	=	0.56

Solaris Oilfield Infrastructure'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
	=	(3.847	+	43.942)	/	75.036
	=	0.64

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.

Solaris Oilfield Infrastructure (NYSE:SOI) 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.

Solaris Oilfield Infrastructure Debt-to-EBITDA Related Terms

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

Solaris Oilfield Infrastructure (Solaris Oilfield Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Solaris Oilfield Infrastructure Inc (NYSE:SOI) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

68S:Germany

Address

9811 Katy Freeway, Suite 700, Houston, TX, USA, 77024

Website

https://www.solarisoilfield.com

Solaris Oilfield Infrastructure Inc provides oilfield products, services and infrastructure to enhance drilling, completions, efficiency and safety in North American shale plays. The company manufactures and provides its patented mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. Its systems reduce the customers' cost and time to complete wells by improving the efficiency of proppant logistics, in addition to enhancing well site safety. Its customers include oil and natural gas exploration and production companies as well as oilfield service companies. The company generates revenue primarily through the rental of its systems and related services, including transportation of systems and field supervision and support.

Executives

Thrc Holdings, Lp	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
James R Burke	director
Cynthia M. Durrett	officer: Chief Administrative Officer	9811 KATY FREEWAY, SUITE 900, HOUSTON TX 77024
Christopher P. Wirtz	officer: CHIEF ACCOUNTING OFFICER	9811 KATY FREEWAY, SUITE 700, HOUSTON TX 77024
William A Zartler	director	600 TRAVIS STREET, SUITE 2310, HOUSTON TX 77002
Lindsay R. Bourg	officer: Chief Accounting Officer	1415 LOUISIANA STREET, SUITE 1600, HOUSTON TX 77002
Kelly L. Price	officer: Chief Operating Officer	9811 KATY FREEWAY, SUITE 900, HOUSTON TX 77024
Kyle S. Ramachandran	officer: Chief Financial Officer	9811 KATY FREEWAY, SUITE 900, HOUSTON TX 77024
Christopher M Powell	officer: General Counsel	9811 KATY FREEWAY, STE. 700, HOUSTON TX 77024
Laurie H Argo	director	1100 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Thrc Management, Llc	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Dan H. Wilks	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Staci Wilks	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Keenan W Howard Jr	director	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Solaris Energy Capital, Llc	10 percent owner	9811 KATY FREEWAY, SUITE 900, HOUSTON TX 77024