Piotex Industries (BOM:544178) Debt-to-EBITDA : 0.51 (As of Sep. 2024)

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What is Piotex Industries Debt-to-EBITDA?

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

Piotex Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹19.0 Mil. Piotex Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹5.2 Mil. Piotex Industries's annualized EBITDA for the quarter that ended in Sep. 2024 was ₹47.5 Mil. Piotex Industries's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 0.51.

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 Piotex Industries's Debt-to-EBITDA or its related term are showing as below:

BOM:544178' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.77 Med: 1.04 Max: 3.9
Current: 1.02

During the past 3 years, the highest Debt-to-EBITDA Ratio of Piotex Industries was 3.90. The lowest was 0.77. And the median was 1.04.

BOM:544178's Debt-to-EBITDA is ranked better than
72.22% of 817 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.6 vs BOM:544178: 1.02

Piotex Industries Debt-to-EBITDA Historical Data

The historical data trend for Piotex Industries'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.

Piotex Industries Debt-to-EBITDA Chart

Piotex Industries Annual Data

Trend

Mar22

Mar23

Mar24

Debt-to-EBITDA

3.90

0.77

1.04

Piotex Industries Semi-Annual Data
	Mar22	Mar23	Mar24	Sep24
Debt-to-EBITDA	N/A	N/A	N/A	0.51

Competitive Comparison of Piotex Industries's Debt-to-EBITDA

For the Textile Manufacturing subindustry, Piotex Industries'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.

Piotex Industries's Debt-to-EBITDA Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Piotex Industries Debt-to-EBITDA Calculation

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

Piotex Industries'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
	=	(10	+	34.594)	/	42.838
	=	1.04

Piotex Industries'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
	=	(19.029	+	5.245)	/	47.546
	=	0.51

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 (Sep. 2024) EBITDA data.

Piotex Industries (BOM:544178) 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.

Piotex Industries Debt-to-EBITDA Related Terms

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

Piotex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Piotex Industries Ltd (BOM:544178) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

F/II Block, Plot No. 16/2, M.I.D.C., Pimpri, Pune, MH, IND, 411018

Website

https://www.piotexindustries.com

Piotex Industries Ltd is in business of contract manufacturing and trading of yarn, fabric and cotton bales. Its Products are used for various purposes such as garments & home furnishings, etc. The company is engaged mainly in 2 activities: 1. Trading of Cotton Bales, Synthetic Fiber, Cotton Yarn and Fabric 2. Manufacturing through job work and Fabric Weaving.

Piotex Industries Headlines

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