Top Glove Bhd (Top Glove Bhd) Debt-to-EBITDA

: 4.32 (As of Feb. 2024)

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

Top Glove Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $111.9 Mil. Top Glove Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $5.2 Mil. Top Glove Bhd's annualized EBITDA for the quarter that ended in Feb. 2024 was $27.1 Mil. Top Glove Bhd's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2024 was 4.32.

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 Top Glove Bhd's Debt-to-EBITDA or its related term are showing as below:

TPGVF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.5 Med: 0.65 Max: 3.47
Current: -1.5

During the past 13 years, the highest Debt-to-EBITDA Ratio of Top Glove Bhd was 3.47. The lowest was -1.50. And the median was 0.65.

TPGVF's Debt-to-EBITDA is ranked worse than
100% of 428 companies
in the Medical Devices & Instruments industry
Industry Median: 1.225 vs TPGVF: -1.50

Top Glove Bhd Debt-to-EBITDA Historical Data

The historical data trend for Top Glove Bhd'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.

Top Glove Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-EBITDA

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3.47

0.23

0.05

0.59

-1.07

Top Glove Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-EBITDA	Get a 7-Day Free Trial															-2.05	-3.56	-0.38	6.37	4.32

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Top Glove Bhd'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.

Top Glove Bhd Debt-to-EBITDA Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Top Glove Bhd's Debt-to-EBITDA distribution charts can be found below:

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

Top Glove Bhd Debt-to-EBITDA Calculation

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

Top Glove Bhd's Debt-to-EBITDA for the fiscal year that ended in Aug. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(117.613	+	8.631)	/	-118.175
	=	-1.07

Top Glove Bhd's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(111.876	+	5.198)	/	27.108
	=	4.32

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 (Feb. 2024) EBITDA data.

Top Glove Bhd (OTCPK:TPGVF) 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.

Top Glove Bhd Debt-to-EBITDA Related Terms

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

Top Glove Bhd (Top Glove Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Top Glove Corp Bhd (OTCPK:TPGVF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

TGLVY:USA BVA:Singapore 7113:Malaysia

Address

16, Persiaran Setia Dagang, Top Glove Tower, Level 21, Setia Alam, Seksyen U13, Shah Alam, SGR, MYS, 40170

Website

https://www.topglove.com

Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.

Top Glove Bhd (Top Glove Bhd) Headlines

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