Aveng (JSE:AEG) Debt-to-EBITDA : 1.75 (As of Dec. 2023)

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What is Aveng Debt-to-EBITDA?

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

Aveng's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R378 Mil. Aveng's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R1,758 Mil. Aveng's annualized EBITDA for the quarter that ended in Dec. 2023 was R1,224 Mil. Aveng's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.75.

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

JSE:AEG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -14.05 Med: 1.01 Max: 10.54
Current: -14.05

During the past 13 years, the highest Debt-to-EBITDA Ratio of Aveng was 10.54. The lowest was -14.05. And the median was 1.01.

JSE:AEG's Debt-to-EBITDA is ranked worse than
100% of 1315 companies
in the Construction industry
Industry Median: 2.29 vs JSE:AEG: -14.05

Aveng Debt-to-EBITDA Historical Data

The historical data trend for Aveng'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.

Aveng Debt-to-EBITDA Chart

Aveng Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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-12.40

10.54

0.61

1.41

-9.79

Aveng 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															1.81	1.33	0.95	-1.44	1.75

Competitive Comparison of Aveng's Debt-to-EBITDA

For the Engineering & Construction subindustry, Aveng'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.

Aveng's Debt-to-EBITDA Distribution in the Construction Industry

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

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

Aveng Debt-to-EBITDA Calculation

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

Aveng'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
	=	(522.213	+	1677.962)	/	-224.673
	=	-9.79

Aveng'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
	=	(378.356	+	1758.405)	/	1224.202
	=	1.75

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.

Aveng (JSE:AEG) 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.

Aveng Debt-to-EBITDA Related Terms

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

Aveng (JSE:AEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Aveng Ltd (JSE:AEG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

UG8K:Germany

Address

10 The High Street, 3rd Floor, Melrose Arch, Johannesburg, GT, ZAF, 2076

Website

https://www.aveng.co.za

Aveng Ltd is in the construction and engineering business. It has the following segments. The Construction and Engineering segment specializes in the construction and maintenance of tunnels and pipelines, construction and Engineering: South Africa and rest of Africa; and mineral construction. It comprises McConnell Dowell and is divided into Australia, New Zealand, and Pacific, Built Environs, and Southeast Asia. The Mining segment comprises Moolmans and operates in the open cut and underground mining sectors. Construction and Engineering South Africa segment, Other and Eliminations segment comprises corporate services, Africa construction, corporate held investments, including properties and consolidation eliminations, and Manufacturing and Processing segment.