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Mach Natural Resources LP (Mach Natural Resources LP) Debt-to-EBITDA : 1.45 (As of Dec. 2023)


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What is Mach Natural Resources LP Debt-to-EBITDA?

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

Mach Natural Resources LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $72.6 Mil. Mach Natural Resources LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $751.8 Mil. Mach Natural Resources LP's annualized EBITDA for the quarter that ended in Dec. 2023 was $570.5 Mil. Mach Natural Resources LP's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.45.

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 Mach Natural Resources LP's Debt-to-EBITDA or its related term are showing as below:

MNR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.16   Med: 0.48   Max: 3.16
Current: 3.16

During the past 3 years, the highest Debt-to-EBITDA Ratio of Mach Natural Resources LP was 3.16. The lowest was 0.16. And the median was 0.48.

MNR's Debt-to-EBITDA is ranked worse than
68.6% of 723 companies
in the Oil & Gas industry
Industry Median: 1.74 vs MNR: 3.16

Mach Natural Resources LP Debt-to-EBITDA Historical Data

The historical data trend for Mach Natural Resources LP'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.

Mach Natural Resources LP Debt-to-EBITDA Chart

Mach Natural Resources LP Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-EBITDA
0.48 0.16 1.66

Mach Natural Resources LP Quarterly Data
Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Debt-to-EBITDA Get a 7-Day Free Trial - 0.16 N/A 0.22 1.45

Competitive Comparison of Mach Natural Resources LP's Debt-to-EBITDA

For the Oil & Gas E&P subindustry, Mach Natural Resources LP'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.

Mach Natural Resources LP's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Mach Natural Resources LP's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Mach Natural Resources LP's Debt-to-EBITDA falls into.


Mach Natural Resources LP Debt-to-EBITDA Calculation

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

Mach Natural Resources LP'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
=(72.64 + 751.845) / 495.376
=1.66

Mach Natural Resources LP'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
=(72.64 + 751.845) / 570.488
=1.45

* 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 (Dec. 2023) EBITDA data.

Mach Natural Resources LP  (NYSE:MNR) 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.

Mach Natural Resources LP Debt-to-EBITDA Related Terms

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

Mach Natural Resources LP (Mach Natural Resources LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mach Natural Resources LP (NYSE:MNR) » Definitions » Debt-to-EBITDA
Comparable Companies
TALO STR ESTE HPK KRP HHRS NEXT VTLE DMLP CRGY COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
N/A
Address
14201 Wireless Way, Suite 300, Oklahoma, OK, USA, 73134
Website
https://www.machresources.com
Mach Natural Resources LP is an independent upstream oil and gas company engaged in the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas.
Executives
Frank A Keating director, other: See Remarks 6100 N WESTERN AVENUE, OKLAHOMA CITY OK 73118
Giesinger Edgar R. Jr. director, other: See Remarks 1915 SANDGATE FALLS, HOUSTON TX 77062
Tom L. Ward director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Kevin R. White officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
William Wallace Mcmullen director, 10 percent owner, other: See Remarks 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Bayou City Energy Management Llc 10 percent owner 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Reineke Daniel T Jr. officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Michael E Reel officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Stephen C Perich director, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Bce-mach Aggregator Llc 10 percent owner 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134