Ashley Services Group (ASX:ASH) Debt-to-EBITDA : 1.81 (As of Dec. 2023)

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What is Ashley Services Group Debt-to-EBITDA?

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

Ashley Services Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$13.7 Mil. Ashley Services Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.0 Mil. Ashley Services Group's annualized EBITDA for the quarter that ended in Dec. 2023 was A$10.9 Mil. Ashley Services Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.81.

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

ASX:ASH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.15 Med: 0.21 Max: 1.28
Current: 1.28

During the past 9 years, the highest Debt-to-EBITDA Ratio of Ashley Services Group was 1.28. The lowest was -0.15. And the median was 0.21.

ASX:ASH's Debt-to-EBITDA is ranked better than
60.29% of 831 companies
in the Business Services industry
Industry Median: 1.86 vs ASX:ASH: 1.28

Ashley Services Group Debt-to-EBITDA Historical Data

The historical data trend for Ashley Services 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.

Ashley Services Group Debt-to-EBITDA Chart

Ashley Services Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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0.25

0.21

0.47

0.57

Ashley Services Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial														0.37	0.47	0.70	0.59	1.81

Competitive Comparison of Ashley Services Group's Debt-to-EBITDA

For the Staffing & Employment Services subindustry, Ashley Services 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.

Ashley Services Group's Debt-to-EBITDA Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ashley Services Group's Debt-to-EBITDA distribution charts can be found below:

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

Ashley Services Group Debt-to-EBITDA Calculation

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

Ashley Services 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
	=	(9.377	+	2.362)	/	20.633
	=	0.57

Ashley Services 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
	=	(13.746	+	5.993)	/	10.924
	=	1.81

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.

Ashley Services Group (ASX:ASH) 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.

Ashley Services Group Debt-to-EBITDA Related Terms

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

Ashley Services Group (ASX:ASH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashley Services Group Ltd (ASX:ASH) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

92 Pitt Street, Level 10, Sydney, NSW, AUS, 2000

Website

https://www.ashleyservicesgroup.com.au

Ashley Services Group Ltd is engaged in staffing services. The group operates in two operating segments namely Labour hire and Training. The group derives maximum revenue from providing labour-hire services. In labour-hire division, the company has candidates who are able to start work within one hour of the request and run a year-round national operation with dedicated after-hours in-house consultants. Its labour-hire brands to include Action Workforce and Concept Engineering. The organization operates in Australia.