Goel Food Products (BOM:543538) Debt-to-EBITDA : 2.24 (As of Mar. 2024)

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What is Goel Food Products Debt-to-EBITDA?

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

Goel Food Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹33.0 Mil. Goel Food Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹263.2 Mil. Goel Food Products's annualized EBITDA for the quarter that ended in Mar. 2024 was ₹132.0 Mil. Goel Food Products's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 2.24.

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 Goel Food Products's Debt-to-EBITDA or its related term are showing as below:

BOM:543538' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.79 Med: 5.64 Max: 6.82
Current: 2.79

During the past 6 years, the highest Debt-to-EBITDA Ratio of Goel Food Products was 6.82. The lowest was 2.79. And the median was 5.64.

BOM:543538's Debt-to-EBITDA is ranked worse than
56.94% of 1440 companies
in the Consumer Packaged Goods industry
Industry Median: 2.145 vs BOM:543538: 2.79

Goel Food Products Debt-to-EBITDA Historical Data

The historical data trend for Goel Food Products'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.

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Goel Food Products Debt-to-EBITDA Chart

Goel Food Products Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

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6.47

6.82

5.29

3.52

2.79

Goel Food Products Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial				-376.46	4.27	2.80	3.89	2.24

Competitive Comparison of Goel Food Products's Debt-to-EBITDA

For the Packaged Foods subindustry, Goel Food Products'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.

Goel Food Products's Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

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

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

Goel Food Products Debt-to-EBITDA Calculation

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

Goel Food Products'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
	=	(32.973	+	263.209)	/	106.301
	=	2.79

Goel Food Products'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
	=	(32.973	+	263.209)	/	131.982
	=	2.24

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.

Goel Food Products (BOM:543538) 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.

Goel Food Products Debt-to-EBITDA Related Terms

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

Goel Food Products (BOM:543538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Goel Food Products Ltd (BOM:543538) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

76/1/2, Golaghata Road, Kolkata, WB, IND, 700048

Website

https://www.bika.co.in

Goel Food Products Ltd is engaged in the business of manufacturing Indian Snacks and Sweets. The company provide services such as organizing events like Marriages, Sangeet, Ring Ceremony, Birthday Parties, Anniversary Parties, Kitty Parties, Corporate Events, Kirtans (Devotional Singing), Thread Ceremony at the banquets hall and serves Indian snack and Sweets at the company retail shop. The company also generates rent income the hotels and guest house. It operates and manages the banquet and Indian snacks and sweets shop business under the name "BIKA" at various locations in Kolkata.

Goel Food Products (BOM:543538) Headlines

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