RedFish LongTerm Capital SpA (MIL:RFLTC) Debt-to-EBITDA : 7.07 (As of Dec. 2023)

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What is RedFish LongTerm Capital SpA Debt-to-EBITDA?

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

RedFish LongTerm Capital SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1.77 Mil. RedFish LongTerm Capital SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €15.28 Mil. RedFish LongTerm Capital SpA's annualized EBITDA for the quarter that ended in Dec. 2023 was €2.41 Mil. RedFish LongTerm Capital SpA's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 7.07.

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 RedFish LongTerm Capital SpA's Debt-to-EBITDA or its related term are showing as below:

MIL:RFLTC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.56 Med: 4.53 Max: 7.51
Current: 7.51

During the past 3 years, the highest Debt-to-EBITDA Ratio of RedFish LongTerm Capital SpA was 7.51. The lowest was 1.56. And the median was 4.53.

MIL:RFLTC's Debt-to-EBITDA is ranked worse than
87.15% of 358 companies
in the Asset Management industry
Industry Median: 1.34 vs MIL:RFLTC: 7.51

RedFish LongTerm Capital SpA Debt-to-EBITDA Historical Data

The historical data trend for RedFish LongTerm Capital SpA'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.

RedFish LongTerm Capital SpA Debt-to-EBITDA Chart

RedFish LongTerm Capital SpA Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

1.56

7.51

RedFish LongTerm Capital SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	N/A	-	N/A	7.64	7.07

Competitive Comparison of RedFish LongTerm Capital SpA's Debt-to-EBITDA

For the Asset Management subindustry, RedFish LongTerm Capital SpA'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.

RedFish LongTerm Capital SpA's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RedFish LongTerm Capital SpA's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where RedFish LongTerm Capital SpA's Debt-to-EBITDA falls into.

RedFish LongTerm Capital SpA Debt-to-EBITDA Calculation

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

RedFish LongTerm Capital SpA'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
	=	(1.773	+	15.283)	/	2.272
	=	7.51

RedFish LongTerm Capital SpA'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
	=	(1.773	+	15.283)	/	2.412
	=	7.07

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

RedFish LongTerm Capital SpA (MIL:RFLTC) 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.

RedFish LongTerm Capital SpA Debt-to-EBITDA Related Terms

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

RedFish LongTerm Capital SpA (MIL:RFLTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RedFish LongTerm Capital SpA (MIL:RFLTC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via del Carmine, 11, Milano, ITA, 20121

Website

https://longterm.redfish.capital

RedFish LongTerm Capital SpA is an industrial holding company specializing in the acquisition of shares in family-run Italian SMEs. The company acquires qualified minority or majority shareholdings with the intention of maintaining these investments over a long period of time, either through its investment or through club deal structures, with the involvement of other investors. The role of the company in the ecosystem of its subsidiaries is to support them in increasing some critical areas by providing them with support services to managers for the financial side, management control and debt optimization, but above all advisory services for the acquisition of Target Companies in order to pursue the development plan for external lines.

RedFish LongTerm Capital SpA (MIL:RFLTC) Headlines

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