TFI International (TSX:TFII) Debt-to-EBITDA : 1.86 (As of Dec. 2023)

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What is TFI International Debt-to-EBITDA?

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

TFI International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$405 Mil. TFI International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2,740 Mil. TFI International's annualized EBITDA for the quarter that ended in Dec. 2023 was C$1,695 Mil. TFI International's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.86.

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

TSX:TFII' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.11 Med: 2.38 Max: 4.97
Current: 1.96

During the past 13 years, the highest Debt-to-EBITDA Ratio of TFI International was 4.97. The lowest was 1.11. And the median was 2.38.

TSX:TFII's Debt-to-EBITDA is ranked better than
65.41% of 847 companies
in the Transportation industry
Industry Median: 2.83 vs TSX:TFII: 1.96

TFI International Debt-to-EBITDA Historical Data

The historical data trend for TFI International'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.

TFI International Debt-to-EBITDA Chart

TFI International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.52

1.73

1.50

1.11

1.96

TFI International 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															1.36	1.58	1.46	1.63	1.86

Competitive Comparison of TFI International's Debt-to-EBITDA

For the Trucking subindustry, TFI International'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.

TFI International's Debt-to-EBITDA Distribution in the Transportation Industry

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

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

TFI International Debt-to-EBITDA Calculation

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

TFI International'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
	=	(404.825	+	2740.341)	/	1602.156
	=	1.96

TFI International'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
	=	(404.825	+	2740.341)	/	1694.908
	=	1.86

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.

TFI International (TSX:TFII) 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.

TFI International Debt-to-EBITDA Related Terms

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

TFI International (TSX:TFII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TFI International Inc (TSX:TFII) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

TFII:USA

Address

8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6

Website

https://www.tfiintl.com

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment. TFI International derives the majority of revenue domestically, followed by the United States.

Executives

David Joseph Saperstein

Senior Officer