Ishan International (NSE:ISHAN) Debt-to-EBITDA : 6.16 (As of Sep. 2023)

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What is Ishan International Debt-to-EBITDA?

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

Ishan International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹43.3 Mil. Ishan International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹9.6 Mil. Ishan International's annualized EBITDA for the quarter that ended in Sep. 2023 was ₹8.6 Mil. Ishan International's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 6.16.

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

NSE:ISHAN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.65 Med: 5.07 Max: 6.93
Current: 2.65

During the past 4 years, the highest Debt-to-EBITDA Ratio of Ishan International was 6.93. The lowest was 2.65. And the median was 5.07.

NSE:ISHAN's Debt-to-EBITDA is ranked worse than
62.2% of 164 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 2.04 vs NSE:ISHAN: 2.65

Ishan International Debt-to-EBITDA Historical Data

The historical data trend for Ishan International'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.

Ishan International Debt-to-EBITDA Chart

Ishan International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

6.66

6.93

3.22

3.48

Ishan International Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	2.41	-20.84	1.54	6.16

Competitive Comparison of Ishan International's Debt-to-EBITDA

For the Farm & Heavy Construction Machinery subindustry, Ishan International'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.

Ishan International's Debt-to-EBITDA Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ishan International's Debt-to-EBITDA distribution charts can be found below:

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

Ishan International Debt-to-EBITDA Calculation

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

Ishan International'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
	=	(39.387	+	8.955)	/	13.899
	=	3.48

Ishan International's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(43.279	+	9.581)	/	8.582
	=	6.16

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 (Sep. 2023) EBITDA data.

Ishan International (NSE:ISHAN) 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.

Ishan International Debt-to-EBITDA Related Terms

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

Ishan International (NSE:ISHAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ishan International Ltd (NSE:ISHAN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

1616, WTT Building, 16th Floor, Sector 16, Noida, UP, IND, 201301

Website

https://www.ishanglobal.com

Ishan International Ltd is a heavy engineering company. It is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants and pollution control systems. The company also provides high-end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals, and Pollution Control Systems.

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