Asahi Kasei (TSE:3407) Debt-to-EBITDA : 3.03 (As of Dec. 2023)

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What is Asahi Kasei Debt-to-EBITDA?

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

Asahi Kasei's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円399,492 Mil. Asahi Kasei's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円677,943 Mil. Asahi Kasei's annualized EBITDA for the quarter that ended in Dec. 2023 was 円355,132 Mil. Asahi Kasei's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.03.

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 Asahi Kasei's Debt-to-EBITDA or its related term are showing as below:

TSE:3407' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.9 Med: 1.61 Max: 9.11
Current: 9.11

During the past 13 years, the highest Debt-to-EBITDA Ratio of Asahi Kasei was 9.11. The lowest was 0.90. And the median was 1.61.

TSE:3407's Debt-to-EBITDA is ranked worse than
85.42% of 1214 companies
in the Chemicals industry
Industry Median: 2.26 vs TSE:3407: 9.11

Asahi Kasei Debt-to-EBITDA Historical Data

The historical data trend for Asahi Kasei'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.

Asahi Kasei Debt-to-EBITDA Chart

Asahi Kasei Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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1.33

2.55

2.31

2.12

8.08

Asahi Kasei Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															3.87	-2.09	4.19	2.96	3.03

Competitive Comparison of Asahi Kasei's Debt-to-EBITDA

For the Chemicals subindustry, Asahi Kasei'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.

Asahi Kasei's Debt-to-EBITDA Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asahi Kasei's Debt-to-EBITDA distribution charts can be found below:

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

Asahi Kasei Debt-to-EBITDA Calculation

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

Asahi Kasei'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
	=	(366798	+	607950)	/	120652
	=	8.08

Asahi Kasei's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(399492	+	677943)	/	355132
	=	3.03

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 (Dec. 2023) EBITDA data.

Asahi Kasei (TSE:3407) 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.

Asahi Kasei Debt-to-EBITDA Related Terms

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

Asahi Kasei (TSE:3407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asahi Kasei Corp (TSE:3407) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

AHKSY:USA AHKSF:USA ASAA:Germany

Address

1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, JPN, 101-8101

Website

http://www.asahi-kasei.co.jp

Asahi Kasei Corp is a holding company that, through its subsidiaries, sells a variety of products and services. The firm is organized into four segments based on product or service. The chemicals and fibers segment, which generates the most revenue of any segment, sells ammonia-based products including plastic compounds and cellulose fiber. The homes and construction segment builds residential houses and sells thermal insulation. The electronics segment sells components for mobile phones including electronic compasses and lithium-ion battery separators. The healthcare segment sells medical devices including blood purification, blood transfusion, and bioprocess products. The majority of revenue comes from Japan.

Asahi Kasei (TSE:3407) Headlines

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