Polestar Automotive Holding UK (Polestar Automotive Holding UK) Debt-to-EBITDA : -16.51 (As of Sep. 2023)

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What is Polestar Automotive Holding UK Debt-to-EBITDA?

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

Polestar Automotive Holding UK's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2,895 Mil. Polestar Automotive Holding UK's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $75 Mil. Polestar Automotive Holding UK's annualized EBITDA for the quarter that ended in Sep. 2023 was $-180 Mil. Polestar Automotive Holding UK's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -16.51.

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 Polestar Automotive Holding UK's Debt-to-EBITDA or its related term are showing as below:

PSNY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.82 Med: -1.91 Max: -1.01
Current: -6.23

During the past 4 years, the highest Debt-to-EBITDA Ratio of Polestar Automotive Holding UK was -1.01. The lowest was -6.82. And the median was -1.91.

PSNY's Debt-to-EBITDA is ranked worse than
100% of 1051 companies
in the Vehicles & Parts industry
Industry Median: 2.38 vs PSNY: -6.23

Polestar Automotive Holding UK Debt-to-EBITDA Historical Data

The historical data trend for Polestar Automotive Holding UK'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.

Polestar Automotive Holding UK Debt-to-EBITDA Chart

Polestar Automotive Holding UK Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

-1.91

-1.01

-6.82

Polestar Automotive Holding UK Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial							0.73	-1.32	8.09	-2.96	-16.51

Competitive Comparison of Polestar Automotive Holding UK's Debt-to-EBITDA

For the Auto Manufacturers subindustry, Polestar Automotive Holding UK'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.

Polestar Automotive Holding UK's Debt-to-EBITDA Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Polestar Automotive Holding UK's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Polestar Automotive Holding UK's Debt-to-EBITDA falls into.

Polestar Automotive Holding UK Debt-to-EBITDA Calculation

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

Polestar Automotive Holding UK's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1366.987	+	85.556)	/	-213.103
	=	-6.82

Polestar Automotive Holding UK's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2895.004	+	74.529)	/	-179.904
	=	-16.51

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 (Sep. 2023) EBITDA data.

Polestar Automotive Holding UK (NAS:PSNY) 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.

Polestar Automotive Holding UK Debt-to-EBITDA Related Terms

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

Polestar Automotive Holding UK (Polestar Automotive Holding UK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polestar Automotive Holding UK PLC (NAS:PSNY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

PSNYW:USA A4N1:Germany

Address

Assar Gabrielssons Vag 9, Gothenburg, SWE, 405 31

Website

https://www.polestar.com

Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market-leading standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from USA.