Vimi Fasteners SpA (MIL:VIM) Debt-to-EBITDA : 3.06 (As of Jun. 2023)

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What is Vimi Fasteners SpA Debt-to-EBITDA?

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

Vimi Fasteners SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €10.38 Mil. Vimi Fasteners SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €14.41 Mil. Vimi Fasteners SpA's annualized EBITDA for the quarter that ended in Jun. 2023 was €8.11 Mil. Vimi Fasteners SpA's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 3.06.

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 Vimi Fasteners SpA's Debt-to-EBITDA or its related term are showing as below:

MIL:VIM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.76 Med: 2.62 Max: 5.52
Current: 3.3

During the past 8 years, the highest Debt-to-EBITDA Ratio of Vimi Fasteners SpA was 5.52. The lowest was 1.76. And the median was 2.62.

MIL:VIM's Debt-to-EBITDA is ranked worse than
69.53% of 2297 companies
in the Industrial Products industry
Industry Median: 1.74 vs MIL:VIM: 3.30

Vimi Fasteners SpA Debt-to-EBITDA Historical Data

The historical data trend for Vimi Fasteners SpA'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.

Vimi Fasteners SpA Debt-to-EBITDA Chart

Vimi Fasteners SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

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3.05

5.33

5.52

2.40

2.62

Vimi Fasteners SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-EBITDA	Get a 7-Day Free Trial									2.30	2.15	1.96	2.26	3.06

Competitive Comparison of Vimi Fasteners SpA's Debt-to-EBITDA

For the Tools & Accessories subindustry, Vimi Fasteners SpA'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.

Vimi Fasteners SpA's Debt-to-EBITDA Distribution in the Industrial Products Industry

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

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

Vimi Fasteners SpA Debt-to-EBITDA Calculation

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

Vimi Fasteners SpA's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(10.625	+	5.006)	/	5.967
	=	2.62

Vimi Fasteners SpA'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
	=	(10.383	+	14.407)	/	8.114
	=	3.06

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 (Jun. 2023) EBITDA data.

Vimi Fasteners SpA (MIL:VIM) 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.

Vimi Fasteners SpA Debt-to-EBITDA Related Terms

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

Vimi Fasteners SpA (MIL:VIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vimi Fasteners SpA (MIL:VIM) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Labriola, 19, Novellara, Reggio Emilia, ITA, 42017

Website

http://www.vimifasteners.com

Vimi Fasteners SpA is an Italy based company. It is engaged in design and manufacture of mechanical fasteners. The company serves different markets namely Automotive, Industrial Engines and Vehicles, Oil and Gas and Aerospace and Motorsport. The company offers Turbocharger, Engine, Manifold and Exhaust System, Power Transmission, Braking System and Suspension and Wheel. The company products are crankcase screws and studs, cylinder head screws, flywheel bolts and others.

Vimi Fasteners SpA (MIL:VIM) Headlines

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