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Flughafen Zuerich AG (XSWX:FHZN) Debt-to-EBITDA : 2.21 (As of Dec. 2023)


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What is Flughafen Zuerich AG Debt-to-EBITDA?

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

Flughafen Zuerich AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF328 Mil. Flughafen Zuerich AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF1,239 Mil. Flughafen Zuerich AG's annualized EBITDA for the quarter that ended in Dec. 2023 was CHF709 Mil. Flughafen Zuerich AG's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.21.

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 Flughafen Zuerich AG's Debt-to-EBITDA or its related term are showing as below:

XSWX:FHZN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.66   Med: 2.02   Max: 10.08
Current: 2.31

During the past 13 years, the highest Debt-to-EBITDA Ratio of Flughafen Zuerich AG was 10.08. The lowest was 1.66. And the median was 2.02.

XSWX:FHZN's Debt-to-EBITDA is ranked better than
58.8% of 847 companies
in the Transportation industry
Industry Median: 2.85 vs XSWX:FHZN: 2.31

Flughafen Zuerich AG Debt-to-EBITDA Historical Data

The historical data trend for Flughafen Zuerich AG'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.

Flughafen Zuerich AG Debt-to-EBITDA Chart

Flughafen Zuerich AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.77 10.08 6.25 3.43 2.31

Flughafen Zuerich AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.48 4.35 2.87 2.37 2.21

Competitive Comparison of Flughafen Zuerich AG's Debt-to-EBITDA

For the Airports & Air Services subindustry, Flughafen Zuerich AG'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.


Flughafen Zuerich AG's Debt-to-EBITDA Distribution in the Transportation Industry

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

* The bar in red indicates where Flughafen Zuerich AG's Debt-to-EBITDA falls into.



Flughafen Zuerich AG Debt-to-EBITDA Calculation

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

Flughafen Zuerich AG'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
=(327.5 + 1238.6) / 679.5
=2.30

Flughafen Zuerich AG'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
=(327.5 + 1238.6) / 709.2
=2.21

* 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.

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 two times the quarterly (Dec. 2023) EBITDA data.


Flughafen Zuerich AG  (XSWX:FHZN) 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.


Flughafen Zuerich AG Debt-to-EBITDA Related Terms

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


Flughafen Zuerich AG (XSWX:FHZN) Business Description

Traded in Other Exchanges
Address
Zurich-Flughafen, Postfach, Zurich, CHE, CH-8058
Flughafen Zuerich AG owns and operates Zurich Airport, and offers services to international, domestic, and regional flights. Its services provided for passengers encompass activities related to the departure, arrival, and transfer areas at the airport. Revenue is split between aviation (majority of total revenue) and nonaviation services. Aviation services primarily derive from passenger and landing charges. Nonaviation services refer to retail and parking charges, sales from facility management, and other services provided at the airport. Passengers traveling within Europe cover approximately three fourths of total passengers, with many tourist cities being popular destinations.

Flughafen Zuerich AG (XSWX:FHZN) Headlines

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