Afric Industries (CAS:AFI) Debt-to-EBITDA : 0.00 (As of Dec. 2023)

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What is Afric Industries Debt-to-EBITDA?

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

Afric Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was MAD0.00 Mil. Afric Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was MAD0.00 Mil. Afric Industries's annualized EBITDA for the quarter that ended in Dec. 2023 was MAD8.01 Mil. Afric Industries's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.00.

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

CAS:AFI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.13 Med: 0.27 Max: 0.61
Current: 0.13

During the past 8 years, the highest Debt-to-EBITDA Ratio of Afric Industries was 0.61. The lowest was 0.13. And the median was 0.27.

CAS:AFI's Debt-to-EBITDA is ranked better than
89.02% of 337 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.96 vs CAS:AFI: 0.13

Afric Industries Debt-to-EBITDA Historical Data

The historical data trend for Afric Industries'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.

Afric Industries Debt-to-EBITDA Chart

Afric Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.13

0.27

0.61

Afric Industries Semi-Annual Data
	Jun14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial													-	0.22	1.04	0.17	-

Competitive Comparison of Afric Industries's Debt-to-EBITDA

For the Furnishings, Fixtures & Appliances subindustry, Afric Industries'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.

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

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

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

Afric Industries Debt-to-EBITDA Calculation

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

Afric Industries'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
	=	(0	+	0)	/	7.375
	=	0.00

Afric Industries'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
	=	(0	+	0)	/	8.012
	=	0.00

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.

Afric Industries (CAS:AFI) 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.

Afric Industries Debt-to-EBITDA Related Terms

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

Afric Industries (CAS:AFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Afric Industries SA (CAS:AFI) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Route de Tetouan, Lot 107, Zone Industrielle, Tangier, MAR, BP 368

Website

http://www.africindustries.com

Afric Industries SA is engaged in the development, production and marketing of abrasive products of all shapes and contents. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.

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