Tile Shop Holdings (Tile Shop Holdings) Debt-to-EBITDA : 5.55 (As of Dec. 2023)

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What is Tile Shop Holdings Debt-to-EBITDA?

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

Tile Shop Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $27.3 Mil. Tile Shop Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $112.7 Mil. Tile Shop Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $25.2 Mil. Tile Shop Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.55.

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 Tile Shop Holdings's Debt-to-EBITDA or its related term are showing as below:

TTSH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.52 Med: 2.63 Max: 6.89
Current: 3.74

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tile Shop Holdings was 6.89. The lowest was 0.52. And the median was 2.63.

TTSH's Debt-to-EBITDA is ranked worse than
64.01% of 842 companies
in the Retail - Cyclical industry
Industry Median: 2.69 vs TTSH: 3.74

Tile Shop Holdings Debt-to-EBITDA Historical Data

The historical data trend for Tile Shop Holdings'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.

Tile Shop Holdings Debt-to-EBITDA Chart

Tile Shop Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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6.89

3.98

2.99

3.70

3.74

Tile Shop Holdings 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															5.06	3.92	2.75	4.47	5.55

Competitive Comparison of Tile Shop Holdings's Debt-to-EBITDA

For the Home Improvement Retail subindustry, Tile Shop Holdings'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.

Tile Shop Holdings's Debt-to-EBITDA Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tile Shop Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tile Shop Holdings's Debt-to-EBITDA falls into.

Tile Shop Holdings Debt-to-EBITDA Calculation

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

Tile Shop Holdings's Debt-to-EBITDA for the fiscal year 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
	=	(27.265	+	112.697)	/	37.387
	=	3.74

Tile Shop Holdings'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
	=	(27.265	+	112.697)	/	25.22
	=	5.55

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.

Tile Shop Holdings (NAS:TTSH) 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.

Tile Shop Holdings Debt-to-EBITDA Related Terms

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

Tile Shop Holdings (Tile Shop Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tile Shop Holdings Inc (NAS:TTSH) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

2TS:Germany

Address

14000 Carlson Parkway, Plymouth, MN, USA, 55441

Website

https://www.tileshop.com

Tile Shop Holdings Inc is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It manufactures its setting and maintenance materials, such as thinset, grout, and sealers. The company's primary market is retail sales to consumers, contractors, designers, and home builders. The company's distribution centers are in Michigan, New Jersey, Oklahoma, Virginia, and Wisconsin.

Executives

Fund 1 Investments, Llc	10 percent owner	100 CARR 115, UNIT 1900, RINCON PR 00677
Mark Burton Davis	officer: VP Inv. Relations & CAO	C/O 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Pleasant Lake Partners Llc	10 percent owner	100 CARR 115 UNIT 1900, RINCON PR 00677
Karla Lunan	officer: Chief Financial Officer	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PKWY., PLYMOUTH MN 55441
Deborah K Glasser	director	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Linda Solheid	director	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Robert A Rucker	director, 10 percent owner, officer: Chief Executive Officer	14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Philip B Livingston	director	1241 EAST MAIN ST, STAMFORD CT 06902
Brc Partners Opportunity Fund, Lp	other: See Remarks	11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025
B. Riley Financial, Inc.	other: See Remarks	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
272 Capital Lp	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 2100, DALLAS TX 75219
Bryant R Riley	other: See Remarks	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Wes Cummins	10 percent owner	4505 LORRAINE AVE, DALLAS TX 75205
B. Riley Securities, Inc.	other: See Remarks	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc	other: See Remarks	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025