Ecofibre (ASX:EOF) Debt-to-EBITDA : -0.30 (As of Dec. 2023)

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What is Ecofibre Debt-to-EBITDA?

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

Ecofibre's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$15.71 Mil. Ecofibre's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$9.50 Mil. Ecofibre's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-84.59 Mil. Ecofibre's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.30.

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

ASX:EOF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.42 Med: -1.22 Max: 0.57
Current: -0.58

During the past 5 years, the highest Debt-to-EBITDA Ratio of Ecofibre was 0.57. The lowest was -2.42. And the median was -1.22.

ASX:EOF's Debt-to-EBITDA is ranked worse than
100% of 656 companies
in the Drug Manufacturers industry
Industry Median: 1.715 vs ASX:EOF: -0.58

Ecofibre Debt-to-EBITDA Historical Data

The historical data trend for Ecofibre'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.

Ecofibre Debt-to-EBITDA Chart

Ecofibre Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

0.23

0.57

-2.42

-1.29

-1.22

Ecofibre Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial						-0.83	-1.12	-0.64	-10.28	-0.30

Competitive Comparison of Ecofibre's Debt-to-EBITDA

For the Drug Manufacturers - Specialty & Generic subindustry, Ecofibre'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.

Ecofibre's Debt-to-EBITDA Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ecofibre's Debt-to-EBITDA distribution charts can be found below:

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

Ecofibre Debt-to-EBITDA Calculation

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

Ecofibre's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.335	+	25.699)	/	-22.246
	=	-1.22

Ecofibre'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
	=	(15.708	+	9.5)	/	-84.588
	=	-0.30

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.

Ecofibre (ASX:EOF) 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.

Ecofibre Debt-to-EBITDA Related Terms

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

Ecofibre (ASX:EOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ecofibre Ltd (ASX:EOF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

EOFBF:USA

Address

680 George Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.ecofibre.com

Ecofibre Ltd through its subsidiaries is engaged in three business lines including Ananda Health, Ananda Food and Hemp Black. Amanda Health includes Production and sale of hemp related nutraceutical products focused on the US. Ananda Food includes Production and sale of hemp related food products in Australia. Hemp Black includes the development of hemp related fibre products globally.

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