Rex Pipes and Cables Industries (NSE:REXPIPES) Debt-to-EBITDA : 3.26 (As of Sep. 2023)

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What is Rex Pipes and Cables Industries Debt-to-EBITDA?

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

Rex Pipes and Cables Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹321 Mil. Rex Pipes and Cables Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹42 Mil. Rex Pipes and Cables Industries's annualized EBITDA for the quarter that ended in Sep. 2023 was ₹112 Mil. Rex Pipes and Cables Industries's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 3.26.

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 Rex Pipes and Cables Industries's Debt-to-EBITDA or its related term are showing as below:

NSE:REXPIPES' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.76 Med: 4.05 Max: 4.59
Current: 3.6

During the past 6 years, the highest Debt-to-EBITDA Ratio of Rex Pipes and Cables Industries was 4.59. The lowest was 2.76. And the median was 4.05.

NSE:REXPIPES's Debt-to-EBITDA is ranked worse than
64.04% of 1218 companies
in the Chemicals industry
Industry Median: 2.29 vs NSE:REXPIPES: 3.60

Rex Pipes and Cables Industries Debt-to-EBITDA Historical Data

The historical data trend for Rex Pipes and Cables 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.

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Rex Pipes and Cables Industries Debt-to-EBITDA Chart

Rex Pipes and Cables Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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4.18

3.37

4.26

4.59

2.76

Rex Pipes and Cables Industries Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial				2.53	5.18	3.06	2.75	3.26

Competitive Comparison of Rex Pipes and Cables Industries's Debt-to-EBITDA

For the Specialty Chemicals subindustry, Rex Pipes and Cables 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.

Rex Pipes and Cables Industries's Debt-to-EBITDA Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Rex Pipes and Cables Industries's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Rex Pipes and Cables Industries's Debt-to-EBITDA falls into.

Rex Pipes and Cables Industries Debt-to-EBITDA Calculation

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

Rex Pipes and Cables Industries'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
	=	(216.53	+	31.597)	/	89.829
	=	2.76

Rex Pipes and Cables Industries's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(321.315	+	42.02)	/	111.584
	=	3.26

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 two times the quarterly (Sep. 2023) EBITDA data.

Rex Pipes and Cables Industries (NSE:REXPIPES) 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.

Rex Pipes and Cables Industries Debt-to-EBITDA Related Terms

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

Rex Pipes and Cables Industries (NSE:REXPIPES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rex Pipes and Cables Industries Ltd (NSE:REXPIPES) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

F-69A, RIICO Industrial Area, Sikar, RJ, IND, 332 001

Website

https://www.rpcil.com

Rex Pipes and Cables Industries Ltd is engaged in the trading and manufacturing of PVC pipes, HDPE pipes, cables, and fittings under the Rex brand name. It offers a wide range of products including three-core flat cables, PVC & HDPE pipes, single-core flexible home wire, HDPE and sprinklers, and cables that are used by different industries such as agriculture, power, construction, and engineering.

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