Corby Spirit and Wine (Corby Spirit and Wine) Debt-to-EBITDA : 2.18 (As of Dec. 2023)

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What is Corby Spirit and Wine Debt-to-EBITDA?

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

Corby Spirit and Wine's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.6 Mil. Corby Spirit and Wine's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $91.1 Mil. Corby Spirit and Wine's annualized EBITDA for the quarter that ended in Dec. 2023 was $44.8 Mil. Corby Spirit and Wine's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.18.

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 Corby Spirit and Wine's Debt-to-EBITDA or its related term are showing as below:

CRBBF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.08 Med: 0.09 Max: 2.84
Current: 2.84

During the past 13 years, the highest Debt-to-EBITDA Ratio of Corby Spirit and Wine was 2.84. The lowest was 0.08. And the median was 0.09.

CRBBF's Debt-to-EBITDA is ranked worse than
65% of 160 companies
in the Beverages - Alcoholic industry
Industry Median: 1.575 vs CRBBF: 2.84

Corby Spirit and Wine Debt-to-EBITDA Historical Data

The historical data trend for Corby Spirit and Wine'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.

Corby Spirit and Wine Debt-to-EBITDA Chart

Corby Spirit and Wine Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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0.11

0.08

2.25

Corby Spirit and Wine Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.07	0.10	4.01	1.82	2.18

Competitive Comparison of Corby Spirit and Wine's Debt-to-EBITDA

For the Beverages - Wineries & Distilleries subindustry, Corby Spirit and Wine'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.

Corby Spirit and Wine's Debt-to-EBITDA Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Corby Spirit and Wine's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Corby Spirit and Wine's Debt-to-EBITDA falls into.

Corby Spirit and Wine Debt-to-EBITDA Calculation

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

Corby Spirit and Wine's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.968	+	75.529)	/	33.969
	=	2.25

Corby Spirit and Wine's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(6.64	+	91.076)	/	44.808
	=	2.18

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 (Dec. 2023) EBITDA data.

Corby Spirit and Wine (OTCPK:CRBBF) 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.

Corby Spirit and Wine Debt-to-EBITDA Related Terms

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

Corby Spirit and Wine (Corby Spirit and Wine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Corby Spirit and Wine Ltd (OTCPK:CRBBF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CBYDF:USA CSW.B:Canada CSW.A:Canada

Address

225 King Street West, Suite 1100, Toronto, ON, CAN, M5V 3M2

Website

https://www.corby.ca

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions. The Case Goods segment derives its revenue from the production and distribution of its owned beverage alcohol brands. The Commissions segment earns commission income from the representation of non-owned beverage alcohol brands in Canada.

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