SMC Global Securities (BOM:543263) Debt-to-EBITDA : 2.63 (As of Mar. 2024)

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What is SMC Global Securities Debt-to-EBITDA?

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

SMC Global Securities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. SMC Global Securities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹14,668 Mil. SMC Global Securities's annualized EBITDA for the quarter that ended in Mar. 2024 was ₹5,585 Mil. SMC Global Securities's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 2.63.

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 SMC Global Securities's Debt-to-EBITDA or its related term are showing as below:

BOM:543263' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.84 Med: 2.53 Max: 3.4
Current: 3.4

During the past 5 years, the highest Debt-to-EBITDA Ratio of SMC Global Securities was 3.40. The lowest was 1.84. And the median was 2.53.

BOM:543263's Debt-to-EBITDA is ranked worse than
68.35% of 417 companies
in the Capital Markets industry
Industry Median: 1.38 vs BOM:543263: 3.40

SMC Global Securities Debt-to-EBITDA Historical Data

The historical data trend for SMC Global Securities'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.

SMC Global Securities Debt-to-EBITDA Chart

SMC Global Securities Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

2.40

2.66

1.84

3.40

SMC Global Securities Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial												-	-	3.00	-	2.63

Competitive Comparison of SMC Global Securities's Debt-to-EBITDA

For the Capital Markets subindustry, SMC Global Securities'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.

SMC Global Securities's Debt-to-EBITDA Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SMC Global Securities's Debt-to-EBITDA distribution charts can be found below:

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

SMC Global Securities Debt-to-EBITDA Calculation

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

SMC Global Securities'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
	=	(0	+	14668.209)	/	4311.578
	=	3.40

SMC Global Securities'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
	=	(0	+	14668.209)	/	5584.684
	=	2.63

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 (Mar. 2024) EBITDA data.

SMC Global Securities (BOM:543263) 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.

SMC Global Securities Debt-to-EBITDA Related Terms

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

SMC Global Securities (BOM:543263) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SMC Global Securities Ltd (BOM:543263) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

SMCGLOBAL:India

Address

Pusa Road, 11/6B, Shanti Chamber, New Delhi, IND, 110005

Website

https://www.smcindiaonline.com

SMC Global Securities Ltd is a diversified financial services company in India. The company offers brokerage services across the asset classes of equities, commodities and currency, investment banking, wealth management, distribution of third-party financial products, research, financing, depository services, insurance broking, clearing services, mortgage advisory, and real estate advisory services to corporates, institutions, high net worth individuals, and other retail clients.

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