East 33 (ASX:E33) Debt-to-EBITDA : -2.95 (As of Dec. 2023)

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What is East 33 Debt-to-EBITDA?

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

East 33's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.85 Mil. East 33's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$11.10 Mil. East 33's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-6.09 Mil. East 33's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -2.95.

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 East 33's Debt-to-EBITDA or its related term are showing as below:

ASX:E33' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.4 Med: -1.84 Max: -1.78
Current: -2.4

During the past 2 years, the highest Debt-to-EBITDA Ratio of East 33 was -1.78. The lowest was -2.40. And the median was -1.84.

ASX:E33's Debt-to-EBITDA is ranked worse than
100% of 1435 companies
in the Consumer Packaged Goods industry
Industry Median: 2.16 vs ASX:E33: -2.40

East 33 Debt-to-EBITDA Historical Data

The historical data trend for East 33'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.

East 33 Debt-to-EBITDA Chart

East 33 Annual Data

Trend

Jun22

Jun23

Debt-to-EBITDA

-1.78

-1.90

East 33 Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			654.89	-0.89	-2.97	-1.36	-2.95

Competitive Comparison of East 33's Debt-to-EBITDA

For the Farm Products subindustry, East 33'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.

East 33's Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, East 33's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where East 33's Debt-to-EBITDA falls into.

East 33 Debt-to-EBITDA Calculation

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

East 33's Debt-to-EBITDA for the fiscal year 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
	=	(10.425	+	1.632)	/	-6.331
	=	-1.90

East 33'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
	=	(6.847	+	11.102)	/	-6.086
	=	-2.95

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.

East 33 (ASX:E33) 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.

East 33 Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of East 33's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

East 33 (ASX:E33) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » East 33 Ltd (ASX:E33) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Point Road, Tuncurry, NSW, AUS, 2428

Website

https://www.east33.sydney

East 33 Ltd operates in the aquaculture and seafood industry. The company produces and supplies rock oysters. The oysters are supplied mainly to restaurants, retailers, food service companies, and wholesalers. It operates into three reportable segments Oyster farming involves the growing and wholesaling of live oysters in Australia; Distribution comprises the wholesale and retail distribution of oysters in Australia; and Sundry units involved in selling liquor to retail customers, provision restaurant services, online sales of oysters and complimentary products in Australia.

East 33 (ASX:E33) Headlines

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