Ion Exchange (India) (BOM:500214) Debt-to-EBITDA : 0.54 (As of Mar. 2023)

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What is Ion Exchange (India) Debt-to-EBITDA?

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

Ion Exchange (India)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹401 Mil. Ion Exchange (India)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹191 Mil. Ion Exchange (India)'s annualized EBITDA for the quarter that ended in Mar. 2023 was ₹1,105 Mil. Ion Exchange (India)'s annualized Debt-to-EBITDA for the quarter that ended in Mar. 2023 was 0.54.

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 Ion Exchange (India)'s Debt-to-EBITDA or its related term are showing as below:

BOM:500214' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.2 Med: 1.08 Max: 2.35
Current: 0.54

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ion Exchange (India) was 2.35. The lowest was 0.20. And the median was 1.08.

BOM:500214's Debt-to-EBITDA is ranked better than
73.58% of 2294 companies
in the Industrial Products industry
Industry Median: 1.75 vs BOM:500214: 0.54

Ion Exchange (India) Debt-to-EBITDA Historical Data

The historical data trend for Ion Exchange (India)'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.

Ion Exchange (India) Debt-to-EBITDA Chart

Ion Exchange (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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0.79

0.80

0.27

0.22

0.20

Ion Exchange (India) Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Debt-to-EBITDA	Get a 7-Day Free Trial									1.83	2.82	0.64	0.48	0.54

Competitive Comparison of Ion Exchange (India)'s Debt-to-EBITDA

For the Pollution & Treatment Controls subindustry, Ion Exchange (India)'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.

Ion Exchange (India)'s Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ion Exchange (India)'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Ion Exchange (India)'s Debt-to-EBITDA falls into.

Ion Exchange (India) Debt-to-EBITDA Calculation

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

Ion Exchange (India)'s Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(401.43	+	190.904)	/	2955.104
	=	0.20

Ion Exchange (India)'s annualized Debt-to-EBITDA for the quarter that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(401.43	+	190.904)	/	1105.004
	=	0.54

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 one times the quarterly (Mar. 2023) EBITDA data.

Ion Exchange (India) (BOM:500214) 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.

Ion Exchange (India) Debt-to-EBITDA Related Terms

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

Ion Exchange (India) (BOM:500214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ion Exchange (India) Ltd (BOM:500214) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

IONEXCHANG:India

Address

Dr. E. Moses Road, Ion House, Mahalaxmi, Mumbai, MH, IND, 400011

Website

https://www.ionindia.com

Ion Exchange (India) Ltd is a water solution provider. The principal activities of the company consist of the construction and maintenance of water treatment plants, wastewater treatment, manufacturing resins, specialty chemicals for water, recycling, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination, etc. The company operates its business through the Engineering division, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. The company caters to both domestic and international markets.

Ion Exchange (India) (BOM:500214) Headlines

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