Toyo Kanetsu KK (TSE:6369) Debt-to-EBITDA : 2.21 (As of Dec. 2023)

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What is Toyo Kanetsu KK Debt-to-EBITDA?

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

Toyo Kanetsu KK's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円11,557 Mil. Toyo Kanetsu KK's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,458 Mil. Toyo Kanetsu KK's annualized EBITDA for the quarter that ended in Dec. 2023 was 円7,256 Mil. Toyo Kanetsu KK's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.21.

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 Toyo Kanetsu KK's Debt-to-EBITDA or its related term are showing as below:

TSE:6369' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.62 Med: 2.57 Max: 5.47
Current: 3.47

During the past 13 years, the highest Debt-to-EBITDA Ratio of Toyo Kanetsu KK was 5.47. The lowest was 0.62. And the median was 2.57.

TSE:6369's Debt-to-EBITDA is ranked worse than
70.67% of 2298 companies
in the Industrial Products industry
Industry Median: 1.72 vs TSE:6369: 3.47

Toyo Kanetsu KK Debt-to-EBITDA Historical Data

The historical data trend for Toyo Kanetsu KK'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.

Toyo Kanetsu KK Debt-to-EBITDA Chart

Toyo Kanetsu KK Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

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3.63

2.47

3.03

2.68

3.00

Toyo Kanetsu KK 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															1.51	-5.08	3.36	2.21	1.68

Competitive Comparison of Toyo Kanetsu KK's Debt-to-EBITDA

For the Specialty Industrial Machinery subindustry, Toyo Kanetsu KK'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.

Toyo Kanetsu KK's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Toyo Kanetsu KK's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Toyo Kanetsu KK's Debt-to-EBITDA falls into.

Toyo Kanetsu KK Debt-to-EBITDA Calculation

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

Toyo Kanetsu KK'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
	=	(13855	+	3160)	/	5665
	=	3.00

Toyo Kanetsu KK'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
	=	(11557	+	4458)	/	7256
	=	2.21

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.

Toyo Kanetsu KK (TSE:6369) 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.

Toyo Kanetsu KK Debt-to-EBITDA Related Terms

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

Toyo Kanetsu KK (TSE:6369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Kanetsu KK (TSE:6369) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

11-1, Minamisuna 2-chome, Koto-ku, Tokyo, JPN, 136-8666

Website

http://www.toyokanetsu.co.jp

Toyo Kanetsu KK produces and sells industrial furnaces. It operates in two reportable segments which include Plant and machinery segment and Material handling system segment. Plant and machinery comprise of designing, manufacturing, installation of storage tanks for LNG (Liquefied natural gas), crude oil and other gases and liquids whereas Material handling system segment is engaged in the development, designing and installation of distribution system especially for sorting, picking and conveyance. The business activity of the group is operated by Japan, Southeast Asia, Oceania, and Internationally.

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