Coles Group (ASX:COL) Debt-to-EBITDA : 4.41 (As of Dec. 2023)

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What is Coles Group Debt-to-EBITDA?

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

Coles Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$815 Mil. Coles Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$8,576 Mil. Coles Group's annualized EBITDA for the quarter that ended in Dec. 2023 was A$2,128 Mil. Coles Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.41.

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

ASX:COL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.69 Med: 3.23 Max: 6.17
Current: 6.17

During the past 6 years, the highest Debt-to-EBITDA Ratio of Coles Group was 6.17. The lowest was 0.69. And the median was 3.23.

ASX:COL's Debt-to-EBITDA is ranked worse than
85.43% of 254 companies
in the Retail - Defensive industry
Industry Median: 2.675 vs ASX:COL: 6.17

Coles Group Debt-to-EBITDA Historical Data

The historical data trend for Coles 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.

* Premium members only.

Coles Group Debt-to-EBITDA Chart

Coles Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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0.69

3.65

3.30

3.23

3.01

Coles Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial						4.96	9.21	4.17	9.79	4.41

Competitive Comparison of Coles Group's Debt-to-EBITDA

For the Grocery Stores subindustry, Coles 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.

Coles Group's Debt-to-EBITDA Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Coles Group's Debt-to-EBITDA distribution charts can be found below:

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

Coles Group Debt-to-EBITDA Calculation

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

Coles Group's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(820	+	8147)	/	2977
	=	3.01

Coles Group'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
	=	(815	+	8576)	/	2128
	=	4.41

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 (Dec. 2023) EBITDA data.

Coles Group (ASX:COL) 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.

Coles Group Debt-to-EBITDA Related Terms

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

Coles Group (ASX:COL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Coles Group Ltd (ASX:COL) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CLEGF:USA 2OF:Germany

Address

800-838 Toorak Road, Hawthorn East, Melbourne, VIC, AUS, 3123

Website

https://www.colesgroup.com.au

Coles Group Limited is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and is the country's third-largest liquor retailer. The group has an extensive store network of about 2,500 store outlets and roughly 80% of Australian live within a 10-minute drive from their nearest Coles store. The retailer employs some 110,000 people, who process over 20 million individual customer transactions a week. This compares with Woolworths processing almost 30 million customer transactions per week from Australia's population of 25 million.