Laxmi Goldorna House (NSE:LGHL) Debt-to-EBITDA : 11.44 (As of Mar. 2023)

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What is Laxmi Goldorna House Debt-to-EBITDA?

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

Laxmi Goldorna House's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹272.9 Mil. Laxmi Goldorna House's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹44.4 Mil. Laxmi Goldorna House's annualized EBITDA for the quarter that ended in Mar. 2023 was ₹27.7 Mil. Laxmi Goldorna House's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2023 was 11.44.

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 Laxmi Goldorna House's Debt-to-EBITDA or its related term are showing as below:

NSE:LGHL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.9 Med: 11 Max: 27.6
Current: 11.44

During the past 7 years, the highest Debt-to-EBITDA Ratio of Laxmi Goldorna House was 27.60. The lowest was 3.90. And the median was 11.00.

NSE:LGHL's Debt-to-EBITDA is ranked worse than
89.82% of 835 companies
in the Retail - Cyclical industry
Industry Median: 2.62 vs NSE:LGHL: 11.44

Laxmi Goldorna House Debt-to-EBITDA Historical Data

The historical data trend for Laxmi Goldorna House'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.

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Laxmi Goldorna House Debt-to-EBITDA Chart

Laxmi Goldorna House Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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6.00

15.91

6.98

27.60

11.44

Laxmi Goldorna House Semi-Annual Data
	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Debt-to-EBITDA	Get a 7-Day Free Trial			6.00	15.91	6.98	27.60	11.44

Competitive Comparison of Laxmi Goldorna House's Debt-to-EBITDA

For the Luxury Goods subindustry, Laxmi Goldorna House'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.

Laxmi Goldorna House's Debt-to-EBITDA Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Laxmi Goldorna House's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Laxmi Goldorna House's Debt-to-EBITDA falls into.

Laxmi Goldorna House Debt-to-EBITDA Calculation

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

Laxmi Goldorna House'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
	=	(272.883	+	44.411)	/	27.743
	=	11.44

Laxmi Goldorna House'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
	=	(272.883	+	44.411)	/	27.743
	=	11.44

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.

Laxmi Goldorna House (NSE:LGHL) 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.

Laxmi Goldorna House Debt-to-EBITDA Related Terms

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

Laxmi Goldorna House (NSE:LGHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Laxmi Goldorna House Ltd (NSE:LGHL) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

M. G. Haveli Road, Laxmi House, Opposite Bandharano Khancho, Manekchowk, Ahmedabad, GJ, IND, 380001

Website

http://laxmilifestyle.co.in

Laxmi Goldorna House Ltd is engaged in manufacturing and trading business of branded gold jewellery and ornaments. Its collection of manufactured product includes gold jewellery with or without studded precious and semi-precious stones. It is also engaged in the real estate business that includes the construction of commercial and residential projects.