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Enlight Renewable Energy (Enlight Renewable Energy) Debt-to-EBITDA : 8.92 (As of Mar. 2024)


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What is Enlight Renewable Energy Debt-to-EBITDA?

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

Enlight Renewable Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $393.2 Mil. Enlight Renewable Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,333.9 Mil. Enlight Renewable Energy's annualized EBITDA for the quarter that ended in Mar. 2024 was $305.7 Mil. Enlight Renewable Energy's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 8.92.

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 Enlight Renewable Energy's Debt-to-EBITDA or its related term are showing as below:

ENLT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -141.38   Med: 16.13   Max: 22.39
Current: 10.53

During the past 13 years, the highest Debt-to-EBITDA Ratio of Enlight Renewable Energy was 22.39. The lowest was -141.38. And the median was 16.13.

ENLT's Debt-to-EBITDA is ranked worse than
79.26% of 323 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.36 vs ENLT: 10.53

Enlight Renewable Energy Debt-to-EBITDA Historical Data

The historical data trend for Enlight Renewable Energy'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.

Enlight Renewable Energy Debt-to-EBITDA Chart

Enlight Renewable Energy 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 18.15 -141.38 22.39 14.12 10.59

Enlight Renewable Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.06 9.90 7.91 13.06 8.92

Competitive Comparison of Enlight Renewable Energy's Debt-to-EBITDA

For the Utilities - Renewable subindustry, Enlight Renewable Energy'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.


Enlight Renewable Energy's Debt-to-EBITDA Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Enlight Renewable Energy's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Enlight Renewable Energy's Debt-to-EBITDA falls into.



Enlight Renewable Energy Debt-to-EBITDA Calculation

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

Enlight Renewable Energy'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
=(360.082 + 2339.476) / 255.012
=10.59

Enlight Renewable Energy'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
=(393.234 + 2333.863) / 305.652
=8.92

* 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.


Enlight Renewable Energy  (NAS:ENLT) 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.


Enlight Renewable Energy Debt-to-EBITDA Related Terms

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


Enlight Renewable Energy (Enlight Renewable Energy) Business Description

Traded in Other Exchanges
Address
13 Amal Street, P.O. Box 11659, Afek Industrial Park, Rosh Haayin, ISR, 4809249
Enlight Renewable Energy Ltd is a green energy company. It specializes in initiating, developing, financing, constructing, managing, and operating electricity production projects involved in generating electricity from renewable energy sources. It also provides installation services. The company's segments are Photovoltaic Israel, Israel wind, Eastern Europe wind, Eastern Europe Photovoltaic, Western Europe wind energy, and Management and construction. The company generates the majority of its revenue from its Photovoltaic business in Israel and Eastern Europe.