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Tamdeen Investment Co (KSCC) (KUW:TAMINV) Debt-to-EBITDA : 0.64 (As of Jun. 2023)


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What is Tamdeen Investment Co (KSCC) Debt-to-EBITDA?

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

Tamdeen Investment Co (KSCC)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was KWD22.89 Mil. Tamdeen Investment Co (KSCC)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was KWD0.89 Mil. Tamdeen Investment Co (KSCC)'s annualized EBITDA for the quarter that ended in Jun. 2023 was KWD37.18 Mil. Tamdeen Investment Co (KSCC)'s annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 0.64.

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 Tamdeen Investment Co (KSCC)'s Debt-to-EBITDA or its related term are showing as below:

KUW:TAMINV' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -28.85   Med: 6.49   Max: 9.13
Current: 0.81

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tamdeen Investment Co (KSCC) was 9.13. The lowest was -28.85. And the median was 6.49.

KUW:TAMINV's Debt-to-EBITDA is ranked better than
59.18% of 365 companies
in the Asset Management industry
Industry Median: 1.22 vs KUW:TAMINV: 0.81

Tamdeen Investment Co (KSCC) Debt-to-EBITDA Historical Data

The historical data trend for Tamdeen Investment Co (KSCC)'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.

Tamdeen Investment Co (KSCC) Debt-to-EBITDA Chart

Tamdeen Investment Co (KSCC) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.73 -28.85 9.13 0.87 0.76

Tamdeen Investment Co (KSCC) Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 2.94 2.82 0.64 N/A

Competitive Comparison of Tamdeen Investment Co (KSCC)'s Debt-to-EBITDA

For the Asset Management subindustry, Tamdeen Investment Co (KSCC)'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.


Tamdeen Investment Co (KSCC)'s Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tamdeen Investment Co (KSCC)'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tamdeen Investment Co (KSCC)'s Debt-to-EBITDA falls into.



Tamdeen Investment Co (KSCC) Debt-to-EBITDA Calculation

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

Tamdeen Investment Co (KSCC)'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
=(11.708 + 1.032) / 16.839
=0.76

Tamdeen Investment Co (KSCC)'s annualized Debt-to-EBITDA for the quarter 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
=(22.891 + 0.892) / 37.176
=0.64

* 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.

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 (Jun. 2023) EBITDA data.


Tamdeen Investment Co (KSCC)  (KUW:TAMINV) 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.


Tamdeen Investment Co (KSCC) Debt-to-EBITDA Related Terms

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


Tamdeen Investment Co (KSCC) (KUW:TAMINV) Business Description

Traded in Other Exchanges
N/A
Address
South Al Sura - Al Zahra’a Area, 360 Mall- 6th Ring Road, 4th Floor, Box No. 22509, Safat, Kuwait, KWT, 13066
Tamdeen Investment Co (KSCC) conducts financial investment transactions in all economic sectors inside and outside Kuwait, performing transactions related to dealing in securities such as the purchase and sale of shares and bonds of both companies and government authorities, carrying out investment and portfolio management activities. Geographically, it derives a majority of its revenue from Kuwait.

Tamdeen Investment Co (KSCC) (KUW:TAMINV) Headlines

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