Drilling Tools International (Drilling Tools International) Debt-to-EBITDA : 0.52 (As of Dec. 2023)

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What is Drilling Tools International Debt-to-EBITDA?

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

Drilling Tools International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.0 Mil. Drilling Tools International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14.9 Mil. Drilling Tools International's annualized EBITDA for the quarter that ended in Dec. 2023 was $36.4 Mil. Drilling Tools International's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.52.

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

DTI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.42 Med: 0.85 Max: 1.1
Current: 0.42

During the past 3 years, the highest Debt-to-EBITDA Ratio of Drilling Tools International was 1.10. The lowest was 0.42. And the median was 0.85.

DTI's Debt-to-EBITDA is ranked better than
82.52% of 721 companies
in the Oil & Gas industry
Industry Median: 1.75 vs DTI: 0.42

Drilling Tools International Debt-to-EBITDA Historical Data

The historical data trend for Drilling Tools 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.

Drilling Tools International Debt-to-EBITDA Chart

Drilling Tools International Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

1.10

0.85

0.46

Drilling Tools International Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			0.74	0.60	0.45	0.42	0.52

Competitive Comparison of Drilling Tools International's Debt-to-EBITDA

For the Oil & Gas Equipment & Services subindustry, Drilling Tools 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.

Drilling Tools International's Debt-to-EBITDA Distribution in the Oil & Gas Industry

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

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

Drilling Tools International Debt-to-EBITDA Calculation

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

Drilling Tools 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
	=	(3.958	+	14.893)	/	41.249
	=	0.46

Drilling Tools 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
	=	(3.958	+	14.893)	/	36.372
	=	0.52

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.

Drilling Tools International (NAS:DTI) 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.

Drilling Tools International Debt-to-EBITDA Related Terms

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

Drilling Tools International (Drilling Tools International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Drilling Tools International Corp (NAS:DTI) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

3701 Briarpark Drive, Suite 150, Houston, TX, USA, 77042

Website

https://www.drillingtools.com

Drilling Tools International Corp Formerly Drilling Tools International Holdings Inc is an oilfield services company. It manufactures, rents, inspects, and refurbishes downhole drilling tools primarily for companies in the oil and natural gas industry for bottom hole assemblies used in onshore and offshore horizontal and directional drilling. The Company's United States operations have locations in Texas, California, Louisiana, Oklahoma, Pennsylvania, North Dakota, New Mexico, Utah, Wyoming and international operations are located in Canada.

Executives

Thomas Monroe Patterson	director	801 CHERRY STREET, SUITE 2100, FORT WORTH TX 76102
Thomas O Hicks	director, 10 percent owner	2200 ROSS AVENUE, SUITE 4600 W, DALLAS TX 75201
David Richard Johnson	officer: Chief Financial Officer	27215 SYMPHONY CREEK LN, FULSHEAR TX 77441
Robert Wayne Prejean	director, officer: CEO, President	3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Domino Michael Wayne Jr.	officer: President, DTR Division	3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Vermillion Charles Richard Jr.	director	4605 POST OAK PLACE #202, HOUSTON TX 77027
L.p. Hhep-directional,	10 percent owner	2200 ROSS AVENUE, 50TH FLOOR, DALLAS TX 75201
Curt L. Crofford	director	100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Eric C Neuman	director	100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Jack D Furst	director	2591 LAKESIDE PARKWAY, SUITE 100, FLOWER MOUND TX 75022
Roc Energy Holdings, Llc	10 percent owner	16400 DALLAS PARKWAY, DALLAS TX 75248
Daniel Jeffrey Kimes	director, officer: Chief Executive Officer	16400 DALLAS PARKWAY, DALLAS TX 75248
Joseph Drysdale	director	16400 DALLAS PARKWAY, DALLAS TX 75248
Win Graham	director	16400 DALLAS PARKWAY, DALLAS TX 75248
Rosemarie Cicalese	officer: Chief Financial Officer	16400 DALLAS PARKWAY, DALLAS TX 75248

Drilling Tools International (Drilling Tools International) Headlines

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