Harmoney (ASX:HMY) Debt-to-EBITDA : 13.81 (As of Dec. 2023)

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What is Harmoney Debt-to-EBITDA?

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

Harmoney's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$741.3 Mil. Harmoney's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil. Harmoney's annualized EBITDA for the quarter that ended in Dec. 2023 was A$53.7 Mil. Harmoney's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 13.81.

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

ASX:HMY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -15.64 Med: 20.91 Max: 948.56
Current: 16.15

During the past 3 years, the highest Debt-to-EBITDA Ratio of Harmoney was 948.56. The lowest was -15.64. And the median was 20.91.

ASX:HMY's Debt-to-EBITDA is ranked worse than
69.08% of 262 companies
in the Credit Services industry
Industry Median: 7.34 vs ASX:HMY: 16.15

Harmoney Debt-to-EBITDA Historical Data

The historical data trend for Harmoney'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.

Harmoney Debt-to-EBITDA Chart

Harmoney Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-EBITDA

-15.64

948.56

20.91

Harmoney Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			88.76	-179.78	21.84	18.88	13.81

Competitive Comparison of Harmoney's Debt-to-EBITDA

For the Credit Services subindustry, Harmoney'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.

Harmoney's Debt-to-EBITDA Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Harmoney's Debt-to-EBITDA distribution charts can be found below:

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

Harmoney Debt-to-EBITDA Calculation

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

Harmoney'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
	=	(720.235	+	0)	/	34.452
	=	20.91

Harmoney'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
	=	(741.339	+	0)	/	53.674
	=	13.81

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.

Harmoney (ASX:HMY) 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.

Harmoney Debt-to-EBITDA Related Terms

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

Harmoney (ASX:HMY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Harmoney Corp Ltd (ASX:HMY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Customs Street West, Level 3, Auckland, NTL, NZL, 1010

Website

https://www.harmoney.co.nz

Harmoney Corp Ltd operates in the consumer credit industry. The company provides online direct personal lending services in Australia and New Zealand. It offers personal loans, car loans, wedding loans, holiday loans, education loans, business loans, and home improvement loans.