Carmit Candy Industries (XTAE:CRMT) Debt-to-EBITDA : 6.57 (As of Dec. 2023)

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What is Carmit Candy Industries Debt-to-EBITDA?

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

Carmit Candy Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪63.5 Mil. Carmit Candy Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪68.2 Mil. Carmit Candy Industries's annualized EBITDA for the quarter that ended in Dec. 2023 was ₪20.0 Mil. Carmit Candy Industries's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 6.57.

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 Carmit Candy Industries's Debt-to-EBITDA or its related term are showing as below:

XTAE:CRMT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -67.96 Med: 1.3 Max: 7.76
Current: 5.78

During the past 8 years, the highest Debt-to-EBITDA Ratio of Carmit Candy Industries was 7.76. The lowest was -67.96. And the median was 1.30.

XTAE:CRMT's Debt-to-EBITDA is ranked worse than
79.97% of 1428 companies
in the Consumer Packaged Goods industry
Industry Median: 2.15 vs XTAE:CRMT: 5.78

Carmit Candy Industries Debt-to-EBITDA Historical Data

The historical data trend for Carmit Candy Industries'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.

Carmit Candy Industries Debt-to-EBITDA Chart

Carmit Candy Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.30

3.88

-67.96

7.76

5.78

Carmit Candy Industries Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial									-4.37	6.50	9.40	5.23	6.57

Competitive Comparison of Carmit Candy Industries's Debt-to-EBITDA

For the Confectioners subindustry, Carmit Candy Industries'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.

Carmit Candy Industries's Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Carmit Candy Industries's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Carmit Candy Industries's Debt-to-EBITDA falls into.

Carmit Candy Industries Debt-to-EBITDA Calculation

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

Carmit Candy Industries'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
	=	(63.534	+	68.218)	/	22.794
	=	5.78

Carmit Candy Industries'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
	=	(63.534	+	68.218)	/	20.044
	=	6.57

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.

Carmit Candy Industries (XTAE:CRMT) 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.

Carmit Candy Industries Debt-to-EBITDA Related Terms

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

Carmit Candy Industries (XTAE:CRMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carmit Candy Industries Ltd (XTAE:CRMT) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Hahagana Street, Rishon Lezion, ISR, 75706

Website

http://www.carmit.co.il

Carmit Candy Industries Ltd is a confectionery manufacturer. It produces confectionery products for private label brands. Its products include chocolate coins, marshmallows, Dairy-free chocolate, lollipops and toffees, and chocolate bars, among others. It caters to industrial and professional markets in Israel and produces chocolate, which serves as raw material for the chocolate, ice cream, dairy, confectionery, bakery and other industries.