Barka Desalination Co (MUS:BRDE) Debt-to-EBITDA : 8.24 (As of Dec. 2023)

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What is Barka Desalination Co Debt-to-EBITDA?

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

Barka Desalination Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ر.ع4.52 Mil. Barka Desalination Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ر.ع74.03 Mil. Barka Desalination Co's annualized EBITDA for the quarter that ended in Dec. 2023 was ر.ع9.53 Mil. Barka Desalination Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 8.24.

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

MUS:BRDE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 8.24 Med: 9.52 Max: 10.17
Current: 8.24

During the past 3 years, the highest Debt-to-EBITDA Ratio of Barka Desalination Co was 10.17. The lowest was 8.24. And the median was 9.52.

MUS:BRDE's Debt-to-EBITDA is ranked worse than
83.44% of 465 companies
in the Utilities - Regulated industry
Industry Median: 3.66 vs MUS:BRDE: 8.24

Barka Desalination Co Debt-to-EBITDA Historical Data

The historical data trend for Barka Desalination 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.

Barka Desalination Co Debt-to-EBITDA Chart

Barka Desalination Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

10.17

9.52

8.24

Barka Desalination Co Semi-Annual Data
	Dec21	Dec22	Dec23
Debt-to-EBITDA	10.17	9.52	8.24

Competitive Comparison of Barka Desalination Co's Debt-to-EBITDA

For the Utilities - Regulated Water subindustry, Barka Desalination 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.

Barka Desalination Co's Debt-to-EBITDA Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Barka Desalination Co's Debt-to-EBITDA distribution charts can be found below:

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

Barka Desalination Co Debt-to-EBITDA Calculation

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

Barka Desalination 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
	=	(4.516	+	74.025)	/	9.527
	=	8.24

Barka Desalination Co'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
	=	(4.516	+	74.025)	/	9.527
	=	8.24

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 one times the quarterly (Dec. 2023) EBITDA data.

Barka Desalination Co (MUS:BRDE) 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.

Barka Desalination Co Debt-to-EBITDA Related Terms

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

Barka Desalination Co (MUS:BRDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Barka Desalination Co (MUS:BRDE) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Wilaj Street, Way No 1013 Al Qurm, PO Box 252, Building No 1022, Office No 16, 1st Floor, Bousher, Muscat, OMN, 103

Website

https://www.barkadesalination.com

Barka Desalination Co is engaged in operation of seawater desalination plant in Oman. The objectives of the Company are to acquire, develop, finance, design, construct, operate, maintain a desalination facility at Barka Independent Water Project, a sea water reverse osmosis (SWRO) plant located in Barka, South Batinah Governorate, Sultanate of Oman.

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