GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Parkin Co (DFM:PARKIN) » Definitions » Debt-to-EBITDA

Parkin Co (DFM:PARKIN) Debt-to-EBITDA : 2.05 (As of Mar. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Parkin Co Debt-to-EBITDA?

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

Parkin Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ6.5 Mil. Parkin Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ1,126.6 Mil. Parkin Co's annualized EBITDA for the quarter that ended in Mar. 2024 was د.إ552.1 Mil. Parkin Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 2.05.

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 Parkin Co's Debt-to-EBITDA or its related term are showing as below:

DFM:PARKIN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.05   Med: 0.09   Max: 8.21
Current: 8.21

During the past 3 years, the highest Debt-to-EBITDA Ratio of Parkin Co was 8.21. The lowest was 0.05. And the median was 0.09.

DFM:PARKIN's Debt-to-EBITDA is ranked worse than
83.5% of 1309 companies
in the Construction industry
Industry Median: 2.32 vs DFM:PARKIN: 8.21

Parkin Co Debt-to-EBITDA Historical Data

The historical data trend for Parkin Co'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.

Parkin Co Debt-to-EBITDA Chart

Parkin Co Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-EBITDA
0.09 0.05 2.54

Parkin Co Quarterly Data
Dec21 Dec22 Mar23 Dec23 Mar24
Debt-to-EBITDA N/A N/A - N/A 2.05

Competitive Comparison of Parkin Co's Debt-to-EBITDA

For the Infrastructure Operations subindustry, Parkin Co'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.


Parkin Co's Debt-to-EBITDA Distribution in the Construction Industry

For the Construction industry and Industrials sector, Parkin Co's Debt-to-EBITDA distribution charts can be found below:

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



Parkin Co Debt-to-EBITDA Calculation

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

Parkin Co'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
=(5.537 + 1118.894) / 442.571
=2.54

Parkin Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(6.548 + 1126.576) / 552.12
=2.05

* 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 (Mar. 2024) EBITDA data.


Parkin Co  (DFM:PARKIN) 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.


Parkin Co Debt-to-EBITDA Related Terms

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


Parkin Co (DFM:PARKIN) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Marrakech Street, G+2 Building, Old Headquarters, Umm Al Ramool, Plot number 215-246, P.O. Box 118899, Dubai, ARE
Parkin Co is a provider of paid parking facilities and services in Dubai. It operates across six operating verticals: (i) public on-street and off-street parking, (ii) public MSCPs, (iii) Developer-owned Parking Lots, (iv) permits and seasonal parking subscriptions, (v) parking reservations, and (vi) other services.

Parkin Co (DFM:PARKIN) Headlines

No Headlines