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Croda International (FRA:6CMB) Debt-to-EBITDA : 1.92 (As of Jun. 2024)


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What is Croda International Debt-to-EBITDA?

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

Croda International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €52 Mil. Croda International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €795 Mil. Croda International's annualized EBITDA for the quarter that ended in Jun. 2024 was €441 Mil. Croda International's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 1.92.

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 Croda International's Debt-to-EBITDA or its related term are showing as below:

FRA:6CMB' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.67   Med: 1.28   Max: 2.44
Current: 1.89

During the past 13 years, the highest Debt-to-EBITDA Ratio of Croda International was 2.44. The lowest was 0.67. And the median was 1.28.

FRA:6CMB's Debt-to-EBITDA is ranked better than
56.96% of 1192 companies
in the Chemicals industry
Industry Median: 2.37 vs FRA:6CMB: 1.89

Croda International Debt-to-EBITDA Historical Data

The historical data trend for Croda International'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.

Croda International Debt-to-EBITDA Chart

Croda International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.63 2.44 1.70 0.67 1.83

Croda International Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 1.43 1.86 1.84 1.92

Competitive Comparison of Croda International's Debt-to-EBITDA

For the Specialty Chemicals subindustry, Croda International'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.


Croda International's Debt-to-EBITDA Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Croda International's Debt-to-EBITDA distribution charts can be found below:

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



Croda International Debt-to-EBITDA Calculation

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

Croda International's Debt-to-EBITDA for the fiscal year 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
=(58.502 + 765.753) / 450.839
=1.83

Croda International's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(52.241 + 795.441) / 441.098
=1.92

* 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 two times the quarterly (Jun. 2024) EBITDA data.


Croda International  (FRA:6CMB) 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.


Croda International Debt-to-EBITDA Related Terms

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


Croda International Business Description

Traded in Other Exchanges
Address
Cowick Hall, Snaith, Goole, East Yorkshire, GBR, DN14 9AA
Croda is a British specialty chemicals company with 60% of sales outside Europe. Croda operates through three segments: consumer care, life sciences, and industrial specialties. Consumer care produces specialty and active ingredients for cosmetics and skincare/haircare and also flavors and fragrances. The life sciences business manufactures products for healthcare and agrochemicals. The company sold the majority of its industrial businesses to Cargill in 2022, retaining only a subsegment of the business (housed under the industrial specialties segment) that supports the other two segments and sells their byproducts.

Croda International Headlines

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