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Titaanium Ten Enterprise (BOM:539985) Debt-to-EBITDA : 6.25 (As of Mar. 2024)


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What is Titaanium Ten Enterprise Debt-to-EBITDA?

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

Titaanium Ten Enterprise's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹353 Mil. Titaanium Ten Enterprise's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹66 Mil. Titaanium Ten Enterprise's annualized EBITDA for the quarter that ended in Mar. 2024 was ₹67 Mil. Titaanium Ten Enterprise's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 6.25.

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 Titaanium Ten Enterprise's Debt-to-EBITDA or its related term are showing as below:

BOM:539985' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 6.27   Med: 8.25   Max: 9.79
Current: 6.27

During the past 13 years, the highest Debt-to-EBITDA Ratio of Titaanium Ten Enterprise was 9.79. The lowest was 6.27. And the median was 8.25.

BOM:539985's Debt-to-EBITDA is ranked worse than
77.6% of 817 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.77 vs BOM:539985: 6.27

Titaanium Ten Enterprise Debt-to-EBITDA Historical Data

The historical data trend for Titaanium Ten Enterprise'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.

Titaanium Ten Enterprise Debt-to-EBITDA Chart

Titaanium Ten Enterprise Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.45 8.16 7.21 6.38 6.27

Titaanium Ten Enterprise Semi-Annual Data
Mar14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 6.42 7.23 6.00 5.92 6.25

Competitive Comparison of Titaanium Ten Enterprise's Debt-to-EBITDA

For the Textile Manufacturing subindustry, Titaanium Ten Enterprise'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.


Titaanium Ten Enterprise's Debt-to-EBITDA Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Titaanium Ten Enterprise's Debt-to-EBITDA distribution charts can be found below:

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



Titaanium Ten Enterprise Debt-to-EBITDA Calculation

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

Titaanium Ten Enterprise's Debt-to-EBITDA for the fiscal year 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
=(352.562 + 65.965) / 66.774
=6.27

Titaanium Ten Enterprise'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
=(352.562 + 65.965) / 66.984
=6.25

* 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 two times the quarterly (Mar. 2024) EBITDA data.


Titaanium Ten Enterprise  (BOM:539985) 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.


Titaanium Ten Enterprise Debt-to-EBITDA Related Terms

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


Titaanium Ten Enterprise (BOM:539985) Business Description

Traded in Other Exchanges
N/A
Address
Ring Road, Shop No. 901/914, 9th Floor, Rajhans Complex, Beside Nirmal Children Hospital, Surat, GJ, IND, 395002
Titaanium Ten Enterprise Ltd operates in the textile industry. The company is mainly engaged in the trading of yarn, grey cloth, and knitted fabrics as well as manufacturing of knitted fabrics. It operates through Textile and Logistic segments. The firm generates majority revenue from the Textile segment.

Titaanium Ten Enterprise (BOM:539985) Headlines

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