Comrade Appliances (BOM:543921) Debt-to-EBITDA : -2.14 (As of Sep. 2023)

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What is Comrade Appliances Debt-to-EBITDA?

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

Comrade Appliances's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹63.97 Mil. Comrade Appliances's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹37.25 Mil. Comrade Appliances's annualized EBITDA for the quarter that ended in Sep. 2023 was ₹-47.39 Mil. Comrade Appliances's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -2.14.

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

BOM:543921' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.86 Med: 3.51 Max: 7.82
Current: -3.86

During the past 4 years, the highest Debt-to-EBITDA Ratio of Comrade Appliances was 7.82. The lowest was -3.86. And the median was 3.51.

BOM:543921's Debt-to-EBITDA is ranked worse than
100% of 335 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.98 vs BOM:543921: -3.86

Comrade Appliances Debt-to-EBITDA Historical Data

The historical data trend for Comrade Appliances'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.

Comrade Appliances Debt-to-EBITDA Chart

Comrade Appliances Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

3.23

7.82

3.79

3.16

Comrade Appliances Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial			N/A	N/A	-	-26.40	-2.14

Competitive Comparison of Comrade Appliances's Debt-to-EBITDA

For the Furnishings, Fixtures & Appliances subindustry, Comrade Appliances'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.

Comrade Appliances's Debt-to-EBITDA Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Comrade Appliances's Debt-to-EBITDA distribution charts can be found below:

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

Comrade Appliances Debt-to-EBITDA Calculation

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

Comrade Appliances'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
	=	(106.799	+	28.263)	/	42.706
	=	3.16

Comrade Appliances'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
	=	(63.966	+	37.249)	/	-47.394
	=	-2.14

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 (Sep. 2023) EBITDA data.

Comrade Appliances (BOM:543921) 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.

Comrade Appliances Debt-to-EBITDA Related Terms

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

Comrade Appliances (BOM:543921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Comrade Appliances Ltd (BOM:543921) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

183-186, S.V. Road, Shop No. 39, Ground Level I, Dewan Centre, Jogeshwari West, Mumbai, MH, IND, 400102

Website

https://www.comrade.net.in

Comrade Appliances Ltd is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. The company manufactures consumer durable goods and assembles a wide array of products and provides end-to-end product solutions. It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. The Company operates in one Geographical Segment namely within India.

Comrade Appliances (BOM:543921) Headlines

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