Nofoth Food Products Co (SAU:9556) Debt-to-EBITDA : 0.60 (As of Dec. 2023)

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What is Nofoth Food Products Co Debt-to-EBITDA?

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

Nofoth Food Products Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼12.9 Mil. Nofoth Food Products Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼14.2 Mil. Nofoth Food Products Co's annualized EBITDA for the quarter that ended in Dec. 2023 was ﷼44.8 Mil. Nofoth Food Products Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.60.

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 Nofoth Food Products Co's Debt-to-EBITDA or its related term are showing as below:

SAU:9556' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.48 Med: 0.77 Max: 0.95
Current: 0.48

During the past 2 years, the highest Debt-to-EBITDA Ratio of Nofoth Food Products Co was 0.95. The lowest was 0.48. And the median was 0.77.

SAU:9556's Debt-to-EBITDA is ranked better than
85.32% of 252 companies
in the Retail - Defensive industry
Industry Median: 2.62 vs SAU:9556: 0.48

Nofoth Food Products Co Debt-to-EBITDA Historical Data

The historical data trend for Nofoth Food Products Co'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.

Nofoth Food Products Co Debt-to-EBITDA Chart

Nofoth Food Products Co Annual Data

Trend

Dec22

Dec23

Debt-to-EBITDA

0.95

0.59

Nofoth Food Products Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	-	0.92	0.45	0.60

Competitive Comparison of Nofoth Food Products Co's Debt-to-EBITDA

For the Grocery Stores subindustry, Nofoth Food Products Co'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.

Nofoth Food Products Co's Debt-to-EBITDA Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Nofoth Food Products Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Nofoth Food Products Co's Debt-to-EBITDA falls into.

Nofoth Food Products Co Debt-to-EBITDA Calculation

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

Nofoth Food Products Co'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
	=	(12.853	+	14.175)	/	45.613
	=	0.59

Nofoth Food Products Co'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
	=	(12.853	+	14.175)	/	44.848
	=	0.60

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.

Nofoth Food Products Co (SAU:9556) 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.

Nofoth Food Products Co Debt-to-EBITDA Related Terms

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

Nofoth Food Products Co (SAU:9556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nofoth Food Products Co (SAU:9556) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Bakr Al-Siddiq Road, Al-Nuzha, P.O. Box 30, Riyadh, SAU, 12471

Website

https://www.nofoth.com

Nofoth Food Products Co manufactures bread and its products through automated bakeries. It manufactures pies of all kinds and popular and oriental sweets of all kinds. The firm also retails bakery products and sugary sweets, nuts, coffee, and spices, dry food stores, restaurants with service, and activities caterers who provide food services.

Nofoth Food Products Co (SAU:9556) Headlines

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