Thomson Reuters (Thomson Reuters) Debt-to-EBITDA : 1.22 (As of Mar. 2024)

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What is Thomson Reuters Debt-to-EBITDA?

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

Thomson Reuters's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $941 Mil. Thomson Reuters's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,879 Mil. Thomson Reuters's annualized EBITDA for the quarter that ended in Mar. 2024 was $3,140 Mil. Thomson Reuters's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 1.22.

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

TRI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.2 Med: 1.88 Max: 4.76
Current: 1.23

During the past 13 years, the highest Debt-to-EBITDA Ratio of Thomson Reuters was 4.76. The lowest was 1.20. And the median was 1.88.

TRI's Debt-to-EBITDA is ranked better than
61.81% of 830 companies
in the Business Services industry
Industry Median: 1.835 vs TRI: 1.23

Thomson Reuters Debt-to-EBITDA Historical Data

The historical data trend for Thomson Reuters'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.

Thomson Reuters Debt-to-EBITDA Chart

Thomson Reuters Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.72

1.37

1.87

1.66

1.20

Thomson Reuters Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															1.87	1.50	1.41	1.35	1.22

Competitive Comparison of Thomson Reuters's Debt-to-EBITDA

For the Specialty Business Services subindustry, Thomson Reuters'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.

Thomson Reuters's Debt-to-EBITDA Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Thomson Reuters's Debt-to-EBITDA distribution charts can be found below:

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

Thomson Reuters Debt-to-EBITDA Calculation

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

Thomson Reuters'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
	=	(428	+	3114)	/	2950
	=	1.20

Thomson Reuters's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(941	+	2879)	/	3140
	=	1.22

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 (Mar. 2024) EBITDA data.

Thomson Reuters (NYSE:TRI) 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.

Thomson Reuters Debt-to-EBITDA Related Terms

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Thomson Reuters (Thomson Reuters) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Thomson Reuters Corp (NYSE:TRI) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

TOC:Germany TRI.PR.B.PFD:Canada TRI:Canada

Address

333 Bay Street, Suite 300, Toronto, ON, CAN, M5H 2R2

Website

https://www.thomsonreuters.com

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.