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Jet Airways (India) (BOM:532617) Debt-to-EBITDA : 0.00 (As of Jun. 2023)


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What is Jet Airways (India) Debt-to-EBITDA?

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

Jet Airways (India)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₹0.0 Mil. Jet Airways (India)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₹0.0 Mil. Jet Airways (India)'s annualized EBITDA for the quarter that ended in Jun. 2023 was ₹-2,000.4 Mil. Jet Airways (India)'s annualized Debt-to-EBITDA for the quarter that ended in Jun. 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 Jet Airways (India)'s Debt-to-EBITDA or its related term are showing as below:

BOM:532617' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -20.93   Med: -2.08   Max: 736.25
Current: -5.41

During the past 13 years, the highest Debt-to-EBITDA Ratio of Jet Airways (India) was 736.25. The lowest was -20.93. And the median was -2.08.

BOM:532617's Debt-to-EBITDA is ranked worse than
100% of 846 companies
in the Transportation industry
Industry Median: 2.81 vs BOM:532617: -5.41

Jet Airways (India) Debt-to-EBITDA Historical Data

The historical data trend for Jet Airways (India)'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.

Jet Airways (India) Debt-to-EBITDA Chart

Jet Airways (India) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.77 -2.40 736.25 -10.23 -4.23

Jet Airways (India) Quarterly Data
Mar17 Mar18 Sep18 Mar19 Jun19 Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 - -2.90 - -16.44 -

Competitive Comparison of Jet Airways (India)'s Debt-to-EBITDA

For the Airlines subindustry, Jet Airways (India)'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.


Jet Airways (India)'s Debt-to-EBITDA Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jet Airways (India)'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Jet Airways (India)'s Debt-to-EBITDA falls into.



Jet Airways (India) Debt-to-EBITDA Calculation

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

Jet Airways (India)'s Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(35412.1 + 200) / -8420.6
=-4.23

Jet Airways (India)'s annualized Debt-to-EBITDA for the quarter 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
=(0 + 0) / -2000.4
=0.00

* 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 four times the quarterly (Jun. 2023) EBITDA data.


Jet Airways (India)  (BOM:532617) 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.


Jet Airways (India) Debt-to-EBITDA Related Terms

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Jet Airways (India) (BOM:532617) Business Description

Traded in Other Exchanges
Address
252, LBS Marg, Global One, 3rd Floor, Kurla (West), Mumbai, MH, IND, 400070
Jet Airways (India) Ltd is an international airline operating out of India. The company principal activities include carriage of passengers and cargo in Domestic and International sectors. Passenger tickets may be purchased on its website and through mobile applications. It has arrangements with multiple international airlines to expand global destinations and increase access for customers. Additionally, multiple partnerships with hotels, dining and others allow customers to make accommodations for an entire trip. Geographically, it derives a majority of revenue from India.

Jet Airways (India) (BOM:532617) Headlines

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