McRae Industries (McRae Industries) Debt-to-EBITDA : 0.20 (As of Jul. 2023)

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What is McRae Industries Debt-to-EBITDA?

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

McRae Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was $0.4 Mil. McRae Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was $1.9 Mil. McRae Industries's annualized EBITDA for the quarter that ended in Jul. 2023 was $11.8 Mil. McRae Industries's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2023 was 0.20.

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

MCRAA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.06 Med: 0.92 Max: 9.99
Current: 0.2

During the past 13 years, the highest Debt-to-EBITDA Ratio of McRae Industries was 9.99. The lowest was 0.06. And the median was 0.92.

MCRAA's Debt-to-EBITDA is ranked better than
92.69% of 807 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.84 vs MCRAA: 0.20

McRae Industries Debt-to-EBITDA Historical Data

The historical data trend for McRae 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.

McRae Industries Debt-to-EBITDA Chart

McRae Industries Annual Data

Trend

Jul99

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul21

Jul22

Jul23

Debt-to-EBITDA

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0.76

0.06

0.20

McRae Industries Semi-Annual Data
	Jul89	Jul90	Jul91	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul21	Jul22	Jul23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.76	0.06	-	-	0.20

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

For the Footwear & Accessories subindustry, McRae 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.

McRae Industries's Debt-to-EBITDA Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, McRae Industries's Debt-to-EBITDA distribution charts can be found below:

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

McRae Industries Debt-to-EBITDA Calculation

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

McRae Industries's Debt-to-EBITDA for the fiscal year that ended in Jul. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.429	+	1.933)	/	11.768
	=	0.20

McRae Industries's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.429	+	1.933)	/	11.768
	=	0.20

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 (Jul. 2023) EBITDA data.

McRae Industries (OTCPK:MCRAA) 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.

McRae Industries Debt-to-EBITDA Related Terms

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

McRae Industries (McRae Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » McRae Industries Inc (OTCPK:MCRAA) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

MCRAB:USA

Address

400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306

Website

http://www.mcraeindustries.com

McRae Industries Inc operates in the footwear industry. Its principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. It operates through the Western and Lifestyle Segments. The Western and Lifestyle segment, which is the key revenue driver, includes western, ladies fashion, and children's footwear products under the Dan Post, Dingo, and Laredo Western Boots brand names.