Himalaya Shipping (OSTO:HSHIPO) Debt-to-EBITDA : 7.93 (As of Dec. 2023)

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What is Himalaya Shipping Debt-to-EBITDA?

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

Himalaya Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr208.8 Mil. Himalaya Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr4,427.6 Mil. Himalaya Shipping's annualized EBITDA for the quarter that ended in Dec. 2023 was kr584.5 Mil. Himalaya Shipping's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 7.93.

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

OSTO:HSHIPO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -34.53 Med: -8.2 Max: 18.45
Current: 18.45

During the past 3 years, the highest Debt-to-EBITDA Ratio of Himalaya Shipping was 18.45. The lowest was -34.53. And the median was -8.20.

OSTO:HSHIPO's Debt-to-EBITDA is ranked worse than
96.34% of 847 companies
in the Transportation industry
Industry Median: 2.8 vs OSTO:HSHIPO: 18.45

Himalaya Shipping Debt-to-EBITDA Historical Data

The historical data trend for Himalaya Shipping'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.

Himalaya Shipping Debt-to-EBITDA Chart

Himalaya Shipping Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

N/A

-34.53

18.14

Himalaya Shipping Quarterly Data
	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	-32.61	21.85	16.80	7.93

Competitive Comparison of Himalaya Shipping's Debt-to-EBITDA

For the Marine Shipping subindustry, Himalaya Shipping'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.

Himalaya Shipping's Debt-to-EBITDA Distribution in the Transportation Industry

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

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

Himalaya Shipping Debt-to-EBITDA Calculation

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

Himalaya Shipping'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
	=	(208.825	+	4427.594)	/	255.644
	=	18.14

Himalaya Shipping'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
	=	(208.825	+	4427.594)	/	584.52
	=	7.93

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.

Himalaya Shipping (OSTO:HSHIPO) 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.

Himalaya Shipping Debt-to-EBITDA Related Terms

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

Himalaya Shipping (OSTO:HSHIPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Himalaya Shipping Ltd (OSTO:HSHIPO) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

HSHP:USA HSHP:Norway J1X:Germany

Address

19 Par-la-Ville Road, 1st Floor, Hamilton, BMU, HM 11

Website

https://www.himalaya-shipping.com

Himalaya Shipping Ltd is an independent dry bulk company that focuses on owning and operating its Newcastlemax dry bulk carriers.

Himalaya Shipping (OSTO:HSHIPO) Headlines

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