TOP Financial Group (TOP Financial Group) Debt-to-EBITDA : 0.02 (As of Sep. 2023)

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What is TOP Financial Group Debt-to-EBITDA?

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

TOP Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. TOP Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.13 Mil. TOP Financial Group's annualized EBITDA for the quarter that ended in Sep. 2023 was $7.34 Mil. TOP Financial Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 0.02.

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

TOP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.07
Current: 0.02

During the past 4 years, the highest Debt-to-EBITDA Ratio of TOP Financial Group was 0.07. The lowest was 0.02. And the median was 0.05.

TOP's Debt-to-EBITDA is ranked better than
97.59% of 415 companies
in the Capital Markets industry
Industry Median: 1.57 vs TOP: 0.02

TOP Financial Group Debt-to-EBITDA Historical Data

The historical data trend for TOP Financial 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.

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TOP Financial Group Debt-to-EBITDA Chart

TOP Financial Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

0.07

0.04

TOP Financial Group Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial			0.16	0.05	0.05	0.05	0.02

Competitive Comparison of TOP Financial Group's Debt-to-EBITDA

For the Capital Markets subindustry, TOP Financial 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.

TOP Financial Group's Debt-to-EBITDA Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TOP Financial Group's Debt-to-EBITDA distribution charts can be found below:

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

TOP Financial Group Debt-to-EBITDA Calculation

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

TOP Financial Group'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
	=	(0	+	0.15)	/	3.55
	=	0.04

TOP Financial Group'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
	=	(0	+	0.128)	/	7.336
	=	0.02

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.

TOP Financial Group (NAS:TOP) 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.

TOP Financial Group Debt-to-EBITDA Related Terms

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

TOP Financial Group (TOP Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TOP Financial Group Ltd (NAS:TOP) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Connaught Road West, Room 1101, Hong Kong, HKG

Website

https://www.zyfgl.com

TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures, and options products. The company operates in only one segment which is the futures brokerage service.