Zenova Group (LSE:ZED) Debt-to-EBITDA : -0.09 (As of May. 2023)

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What is Zenova Group Debt-to-EBITDA?

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

Zenova Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was £0.00 Mil. Zenova Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was £0.12 Mil. Zenova Group's annualized EBITDA for the quarter that ended in May. 2023 was £-1.42 Mil. Zenova Group's annualized Debt-to-EBITDA for the quarter that ended in May. 2023 was -0.09.

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

LSE:ZED' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.18 Med: -0.13 Max: -0.07
Current: -0.07

During the past 3 years, the highest Debt-to-EBITDA Ratio of Zenova Group was -0.07. The lowest was -0.18. And the median was -0.13.

LSE:ZED's Debt-to-EBITDA is ranked worse than
100% of 1209 companies
in the Chemicals industry
Industry Median: 2.35 vs LSE:ZED: -0.07

Zenova Group Debt-to-EBITDA Historical Data

The historical data trend for Zenova Group'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.

Zenova Group Debt-to-EBITDA Chart

Zenova Group Annual Data

Trend

Nov20

Nov21

Nov22

Debt-to-EBITDA

N/A

-0.18

-0.08

Zenova Group Semi-Annual Data
	May21	Nov21	May22	Nov22	May23
Debt-to-EBITDA	-	-0.11	-0.09	-0.08	-0.09

Competitive Comparison of Zenova Group's Debt-to-EBITDA

For the Specialty Chemicals subindustry, Zenova Group'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.

Zenova Group's Debt-to-EBITDA Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zenova Group's Debt-to-EBITDA distribution charts can be found below:

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

Zenova Group Debt-to-EBITDA Calculation

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

Zenova Group's Debt-to-EBITDA for the fiscal year that ended in Nov. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0.161)	/	-1.988
	=	-0.08

Zenova Group's annualized Debt-to-EBITDA for the quarter that ended in May. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0.121)	/	-1.418
	=	-0.09

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 (May. 2023) EBITDA data.

Zenova Group (LSE:ZED) 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.

Zenova Group Debt-to-EBITDA Related Terms

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

Zenova Group (LSE:ZED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zenova Group PLC (LSE:ZED) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

172 Arlington Road, London, GBR, NW1 7HL

Website

https://www.zenovagroup.com

Zenova Group PLC is engaged in the development, manufacture and sale of fire-retardant systems. It is the holder of intellectual property to underpin a suite of fire safety and temperature management products and technology applicable to industrial, commercial and residential markets. The company's product range includes fire protection paint, insulating paint and render and extinguishing fluid, and it has further products in varying stages of development and testing.

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