AMIC Forging (BOM:544037) Debt-to-EBITDA : 0.27 (As of Mar. 2023)

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What is AMIC Forging Debt-to-EBITDA?

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

AMIC Forging's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹-4 Mil. AMIC Forging's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹43 Mil. AMIC Forging's annualized EBITDA for the quarter that ended in Mar. 2023 was ₹145 Mil. AMIC Forging's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2023 was 0.27.

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

BOM:544037' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.27 Med: 2.96 Max: 4.44
Current: 0.27

During the past 3 years, the highest Debt-to-EBITDA Ratio of AMIC Forging was 4.44. The lowest was 0.27. And the median was 2.96.

BOM:544037's Debt-to-EBITDA is ranked better than
82.05% of 2290 companies
in the Industrial Products industry
Industry Median: 1.705 vs BOM:544037: 0.27

AMIC Forging Debt-to-EBITDA Historical Data

The historical data trend for AMIC Forging'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.

AMIC Forging Debt-to-EBITDA Chart

AMIC Forging Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-EBITDA

2.96

4.44

0.27

AMIC Forging Semi-Annual Data
	Mar21	Mar22	Mar23
Debt-to-EBITDA	2.96	4.44	0.27

Competitive Comparison of AMIC Forging's Debt-to-EBITDA

For the Metal Fabrication subindustry, AMIC Forging'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.

AMIC Forging's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AMIC Forging's Debt-to-EBITDA distribution charts can be found below:

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

AMIC Forging Debt-to-EBITDA Calculation

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

AMIC Forging'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
	=	(-3.995	+	42.512)	/	145.252
	=	0.27

AMIC Forging'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
	=	(-3.995	+	42.512)	/	145.252
	=	0.27

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.

AMIC Forging (BOM:544037) 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.

AMIC Forging Debt-to-EBITDA Related Terms

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

AMIC Forging (BOM:544037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMIC Forging Ltd (BOM:544037) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

3A, Garstin Place, 2nd Floor, Kolkata, WB, IND, 700001

Website

https://www.amicforgings.com

AMIC Forging Ltd is engaged in the manufacturing of forged components. It manufactures precision machined components catering to various industries such as heavy Engineering, Steel Industry, Oil and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar, and other related industries. It manufactures different forging components such as Gear Couplings, Roller Shaft, Brake Drum, Hook and other products as per international standards like AISI, BS, IS, DIN, etc.

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