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Ag Growth International (Ag Growth International) Debt-to-EBITDA : 5.98 (As of Mar. 2024)


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What is Ag Growth International Debt-to-EBITDA?

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

Ag Growth International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $132 Mil. Ag Growth International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $563 Mil. Ag Growth International's annualized EBITDA for the quarter that ended in Mar. 2024 was $116 Mil. Ag Growth International's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 5.98.

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

AGGZF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.65   Med: 6.32   Max: 40.13
Current: 4.53

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ag Growth International was 40.13. The lowest was 2.65. And the median was 6.32.

AGGZF's Debt-to-EBITDA is ranked worse than
80.49% of 164 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 2.04 vs AGGZF: 4.53

Ag Growth International Debt-to-EBITDA Historical Data

The historical data trend for Ag Growth 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.

Ag Growth International Debt-to-EBITDA Chart

Ag Growth International 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 7.24 40.13 7.71 10.05 4.07

Ag Growth International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.33 4.51 3.39 5.09 5.98

Competitive Comparison of Ag Growth International's Debt-to-EBITDA

For the Farm & Heavy Construction Machinery subindustry, Ag Growth 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.


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

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

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



Ag Growth International Debt-to-EBITDA Calculation

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

Ag Growth International'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
=(133.057 + 542.963) / 166.275
=4.07

Ag Growth International's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(132.211 + 562.569) / 116.1
=5.98

* 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 (Mar. 2024) EBITDA data.


Ag Growth International  (OTCPK:AGGZF) 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.


Ag Growth International Debt-to-EBITDA Related Terms

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


Ag Growth International (Ag Growth International) Business Description

Traded in Other Exchanges
Address
198 Commerce Drive, Winnipeg, MB, CAN, R3P 0Z6
Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors. It has two reportable segment farm and commercial. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision. It has manufacturing facilities in Canada, the United States, Italy, Brazil, France, United Kingdom, and India. Its geographical segments are Canada, United States, and the International.

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