JK Cement (NSE:JKCEMENT) Debt-to-EBITDA : 2.26 (As of Mar. 2024)

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What is JK Cement Debt-to-EBITDA?

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

JK Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹11,836 Mil. JK Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹43,658 Mil. JK Cement's annualized EBITDA for the quarter that ended in Mar. 2024 was ₹24,605 Mil. JK Cement's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 2.26.

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 JK Cement's Debt-to-EBITDA or its related term are showing as below:

NSE:JKCEMENT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.2 Med: 3.55 Max: 7.09
Current: 2.73

During the past 13 years, the highest Debt-to-EBITDA Ratio of JK Cement was 7.09. The lowest was 2.20. And the median was 3.55.

NSE:JKCEMENT's Debt-to-EBITDA is ranked worse than
59.18% of 316 companies
in the Building Materials industry
Industry Median: 2.175 vs NSE:JKCEMENT: 2.73

JK Cement Debt-to-EBITDA Historical Data

The historical data trend for JK Cement'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.

JK Cement Debt-to-EBITDA Chart

JK Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

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2.71

2.20

2.54

3.78

2.52

JK Cement Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															3.41	-	2.70	-	2.26

Competitive Comparison of JK Cement's Debt-to-EBITDA

For the Building Materials subindustry, JK Cement'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.

JK Cement's Debt-to-EBITDA Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, JK Cement's Debt-to-EBITDA distribution charts can be found below:

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

JK Cement Debt-to-EBITDA Calculation

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

JK Cement's Debt-to-EBITDA for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(11836.1	+	43658.2)	/	21993.6
	=	2.52

JK Cement's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(11836.1	+	43658.2)	/	24604.652
	=	2.26

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 four times the quarterly (Mar. 2024) EBITDA data.

JK Cement (NSE:JKCEMENT) 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.

JK Cement Debt-to-EBITDA Related Terms

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

JK Cement (NSE:JKCEMENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » JK Cement Ltd (NSE:JKCEMENT) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

532644:India

Address

Gurgaon-Faridabad Road, 5th Floor, Prism Tower, Gwal Pahari, Gurgaon, HR, IND, 122102

Website

https://www.jkcement.com

JK Cement Ltd is a building materials holding company. The company manufactures cement and cement-related products that primarily consist of grey and white cement. JK Cement's grey cement includes both Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC). The white cement offerings include JK White Cement, as well as cement-based JK Wall Putty, JK Waterproof, and JK Primaxx. JK Cement's wall putty is used as a plaster for walls and ceilings, while JK Waterproof is a water-repellent powder. It has one Reportable Segment for the Company which is "Cement," The company generates the vast majority of its revenue in India.

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