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Oceanic Foods (BOM:540405) Debt-to-EBITDA : 2.79 (As of Sep. 2024)


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What is Oceanic Foods Debt-to-EBITDA?

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

Oceanic Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹266 Mil. Oceanic Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹24 Mil. Oceanic Foods's annualized EBITDA for the quarter that ended in Sep. 2024 was ₹104 Mil. Oceanic Foods's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 2.79.

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

BOM:540405' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.23   Med: 3   Max: 4.32
Current: 3.68

During the past 13 years, the highest Debt-to-EBITDA Ratio of Oceanic Foods was 4.32. The lowest was 0.23. And the median was 3.00.

BOM:540405's Debt-to-EBITDA is ranked worse than
67.87% of 1497 companies
in the Consumer Packaged Goods industry
Industry Median: 2.05 vs BOM:540405: 3.68

Oceanic Foods Debt-to-EBITDA Historical Data

The historical data trend for Oceanic Foods'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.

Oceanic Foods Debt-to-EBITDA Chart

Oceanic Foods 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 2.23 2.84 1.95 0.23 3.16

Oceanic Foods Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - - 2.22 - 2.79

Competitive Comparison of Oceanic Foods's Debt-to-EBITDA

For the Packaged Foods subindustry, Oceanic Foods'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.


Oceanic Foods's Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

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

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



Oceanic Foods Debt-to-EBITDA Calculation

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

Oceanic Foods'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
=(152.216 + 13.038) / 52.237
=3.16

Oceanic Foods's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(266.229 + 24.268) / 104.104
=2.79

* 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 (Sep. 2024) EBITDA data.


Oceanic Foods  (BOM:540405) 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.


Oceanic Foods Debt-to-EBITDA Related Terms

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


Oceanic Foods Business Description

Traded in Other Exchanges
N/A
Address
Pandit Nehru Marg, Opposite Brooke Bond Factory, Jamnagar, GJ, IND, 361002
Oceanic Foods Ltd is a manufacturer and exporter of dehydrated spices and vegetables. The company's products include dehydrated onion, dehydrated garlic, dehydrated vegetables, and others in various forms like flakes, minced, powder, and others.

Oceanic Foods Headlines

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