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ASK Automotive (BOM:544022) Debt-to-EBITDA : 1.06 (As of Mar. 2024)


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What is ASK Automotive Debt-to-EBITDA?

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

ASK Automotive's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹766 Mil. ASK Automotive's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,693 Mil. ASK Automotive's annualized EBITDA for the quarter that ended in Mar. 2024 was ₹3,275 Mil. ASK Automotive's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 1.06.

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 ASK Automotive's Debt-to-EBITDA or its related term are showing as below:

BOM:544022' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.41   Med: 1.02   Max: 1.36
Current: 1.06

During the past 4 years, the highest Debt-to-EBITDA Ratio of ASK Automotive was 1.36. The lowest was 0.41. And the median was 1.02.

BOM:544022's Debt-to-EBITDA is ranked better than
71.5% of 1056 companies
in the Vehicles & Parts industry
Industry Median: 2.325 vs BOM:544022: 1.06

ASK Automotive Debt-to-EBITDA Historical Data

The historical data trend for ASK Automotive'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.

ASK Automotive Debt-to-EBITDA Chart

ASK Automotive Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Debt-to-EBITDA
0.41 0.99 1.36 1.06

ASK Automotive Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Debt-to-EBITDA 0.41 0.99 1.36 1.06

Competitive Comparison of ASK Automotive's Debt-to-EBITDA

For the Auto Parts subindustry, ASK Automotive'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.

ASK Automotive's Debt-to-EBITDA Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ASK Automotive's Debt-to-EBITDA distribution charts can be found below:

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


ASK Automotive Debt-to-EBITDA Calculation

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

ASK Automotive'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
=(766.164 + 2692.517) / 3275.163
=1.06

ASK Automotive'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
=(766.164 + 2692.517) / 3275.163
=1.06

* 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 (Mar. 2024) EBITDA data.

ASK Automotive  (BOM:544022) 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.

ASK Automotive Debt-to-EBITDA Related Terms

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

ASK Automotive (BOM:544022) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ASK Automotive Ltd (BOM:544022) » Definitions » Debt-to-EBITDA
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Traded in Other Exchanges
ASKAUTOLTD:India
Address
Sector 5, IMT Manesar, Plot No - 13-14, Gurgaon, HR, IND, 122 050
Website
https://www.askbrake.com
ASK Automotive Ltd is a manufacturer of brake-shoe and advanced braking systems for two-wheelers in India. The product range of the company includes AB systems; aluminium lightweight precision, wheel assembly to 2W OEMs; and safety control cables The company operates in India as well as overseas.

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