IHI (FSE:7013) Debt-to-EBITDA : 2.97 (As of Dec. 2023)

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What is IHI Debt-to-EBITDA?

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

IHI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円511,039 Mil. IHI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円355,265 Mil. IHI's annualized EBITDA for the quarter that ended in Dec. 2023 was 円291,964 Mil. IHI's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.97.

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

FSE:7013' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -145.57 Med: 4.02 Max: 5.65
Current: -145.57

During the past 13 years, the highest Debt-to-EBITDA Ratio of IHI was 5.65. The lowest was -145.57. And the median was 4.02.

FSE:7013's Debt-to-EBITDA is ranked worse than
100% of 2301 companies
in the Industrial Products industry
Industry Median: 1.74 vs FSE:7013: -145.57

IHI Debt-to-EBITDA Historical Data

The historical data trend for IHI'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.

IHI Debt-to-EBITDA Chart

IHI Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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3.68

5.33

5.37

2.87

3.54

IHI 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															2.98	3.99	4.25	-1.44	2.97

Competitive Comparison of IHI's Debt-to-EBITDA

For the Specialty Industrial Machinery subindustry, IHI'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.

IHI's Debt-to-EBITDA Distribution in the Industrial Products Industry

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

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

IHI Debt-to-EBITDA Calculation

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

IHI'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
	=	(157096	+	362392)	/	146976
	=	3.53

IHI'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
	=	(511039	+	355265)	/	291964
	=	2.97

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.

IHI (FSE:7013) 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.

IHI Debt-to-EBITDA Related Terms

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

IHI (FSE:7013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IHI Corp (FSE:7013) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

IHICY:USA IHICF:USA 7013:Japan IWJ:Germany

Address

1-1, Toyosu 3-chome, Koto-ku, Tokyo, JPN, 135-8710

Website

http://www.ihi.co.jp

IHI Corp produces power systems and plants, large steel structures, marine machinery, aerospace engines, and other industrial solutions. The global company attempts to develop innovative solutions and engineering capabilities for multiple projects and maintenance platforms. Its products cover a wide range of functions, including energy supply and distribution, urban development, enhancing manufacturing processes, and utilizing technologies for air travel. Revenues are roughly split between the company's four business areas: resources, energy, and environment; social infrastructure and offshore facilities; industrial systems and general-purpose machinery; and aero engine, space, and defense. Asia accounts for the majority of total sales, with China and Japan being key regions.

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