Horizon Oil (ASX:HZN) Debt-to-EBITDA : 0.00 (As of Dec. 2023)

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What is Horizon Oil Debt-to-EBITDA?

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

Horizon Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil. Horizon Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil. Horizon Oil's annualized EBITDA for the quarter that ended in Dec. 2023 was A$84.1 Mil. Horizon Oil's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.00.

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 Horizon Oil's Debt-to-EBITDA or its related term are showing as below:

ASX:HZN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.1 Med: 1.07 Max: 5.43
Current: 0.13

During the past 13 years, the highest Debt-to-EBITDA Ratio of Horizon Oil was 5.43. The lowest was -1.10. And the median was 1.07.

ASX:HZN's Debt-to-EBITDA is ranked better than
90.69% of 720 companies
in the Oil & Gas industry
Industry Median: 1.76 vs ASX:HZN: 0.13

Horizon Oil Debt-to-EBITDA Historical Data

The historical data trend for Horizon Oil'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.

Horizon Oil Debt-to-EBITDA Chart

Horizon Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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0.97

-0.52

1.16

0.03

0.13

Horizon Oil 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															0.28	0.02	0.30	0.11	-

Competitive Comparison of Horizon Oil's Debt-to-EBITDA

For the Oil & Gas E&P subindustry, Horizon Oil'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.

Horizon Oil's Debt-to-EBITDA Distribution in the Oil & Gas Industry

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

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

Horizon Oil Debt-to-EBITDA Calculation

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

Horizon Oil's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(11.789	+	0)	/	90.92
	=	0.13

Horizon Oil'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
	=	(0	+	0)	/	84.124
	=	0.00

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.

Horizon Oil (ASX:HZN) 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.

Horizon Oil Debt-to-EBITDA Related Terms

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

Horizon Oil (ASX:HZN) Business Description

Industry

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HZNFF:USA

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company's exploration, development, and production activities are focused on Southeast Asia. The operating segments of the group are New Zealand exploration and development, China exploration and development, and All other segments. It generates the prime revenue from New Zealand's exploration and development segment in which the group is involved in the development and production of crude oil and oil field development and in the exploration and evaluation of hydrocarbons. The operations of the organization are carried out in China and New Zealand.