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Max Trust (ASX:MXQ) Debt-to-EBITDA : 1.35 (As of Jun. 2013)


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What is Max Trust Debt-to-EBITDA?

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

Max Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was A$28.99 Mil. Max Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was A$0.00 Mil. Max Trust's annualized EBITDA for the quarter that ended in Jun. 2013 was A$21.46 Mil. Max Trust's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2013 was 1.35.

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

ASX:MXQ's Debt-to-EBITDA is not ranked *
in the Asset Management industry.
Industry Median: 1.33
* Ranked among companies with meaningful Debt-to-EBITDA only.

Max Trust Debt-to-EBITDA Historical Data

The historical data trend for Max Trust'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.

Max Trust Debt-to-EBITDA Chart

Max Trust Annual Data
Trend Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Debt-to-EBITDA
Get a 7-Day Free Trial -31.90 6.83 4.07 75.94 1.35

Max Trust Semi-Annual Data
Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Debt-to-EBITDA Get a 7-Day Free Trial -31.90 6.83 4.07 75.94 1.35

Competitive Comparison of Max Trust's Debt-to-EBITDA

For the Asset Management subindustry, Max Trust'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.


Max Trust's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Max Trust's Debt-to-EBITDA distribution charts can be found below:

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



Max Trust Debt-to-EBITDA Calculation

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

Max Trust's Debt-to-EBITDA for the fiscal year that ended in Jun. 2013 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(28.989 + 0) / 21.455
=1.35

Max Trust's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2013 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(28.989 + 0) / 21.455
=1.35

* 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 one times the quarterly (Jun. 2013) EBITDA data.


Max Trust  (ASX:MXQ) 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.


Max Trust Debt-to-EBITDA Related Terms

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


Max Trust (ASX:MXQ) Business Description

Traded in Other Exchanges
N/A
Address
Allco Max Securities & Mortgage Trust (AXQ) ('Max´) is a lending vehicle which writes loans into structured finance transactions predominantly originated by Allco, and purchases investment grade debt on wholesale markets. AXQ's Investment Manager is Allco Funds Management Limited.

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