Corinthian Colleges (FRA:CH7) Debt-to-EBITDA : 1.50 (As of Jun. 2013)

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What is Corinthian Colleges Debt-to-EBITDA?

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

Corinthian Colleges's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was €4 Mil. Corinthian Colleges's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was €102 Mil. Corinthian Colleges's annualized EBITDA for the quarter that ended in Jun. 2013 was €70 Mil. Corinthian Colleges's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2013 was 1.50.

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 Corinthian Colleges's Debt-to-EBITDA or its related term are showing as below:

FRA:CH7's Debt-to-EBITDA is not ranked ^*
in the Education industry.
Industry Median: 1.745
* Ranked among companies with meaningful Debt-to-EBITDA only.

Corinthian Colleges Debt-to-EBITDA Historical Data

The historical data trend for Corinthian Colleges'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.

Corinthian Colleges Debt-to-EBITDA Chart

Corinthian Colleges Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Debt-to-EBITDA

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0.17

1.01

-3,542.51

1.41

1.50

Corinthian Colleges Semi-Annual Data
	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Debt-to-EBITDA	Get a 7-Day Free Trial											0.17	1.01	-3,542.51	1.41	1.50

Competitive Comparison of Corinthian Colleges's Debt-to-EBITDA

For the Education & Training Services subindustry, Corinthian Colleges'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.

Corinthian Colleges's Debt-to-EBITDA Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Corinthian Colleges's Debt-to-EBITDA distribution charts can be found below:

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

Corinthian Colleges Debt-to-EBITDA Calculation

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

Corinthian Colleges's Debt-to-EBITDA for the fiscal year that ended in Jun. 2013 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(3.717	+	101.709)	/	70.279
	=	1.50

Corinthian Colleges's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2013 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(3.717	+	101.709)	/	70.279
	=	1.50

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 (Jun. 2013) EBITDA data.

Corinthian Colleges (FRA:CH7) 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.

Corinthian Colleges Debt-to-EBITDA Related Terms

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

Corinthian Colleges (FRA:CH7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Corinthian Colleges Inc (FRA:CH7) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.cci.edu

Corinthian Colleges Inc is a post-secondary education company in the United States and Canada. It offers diploma programs and associate, bachelors and master's degrees through a single operating segment. As of June 30, 2013, it has a student enrollment of 81,284 and operated 97 schools in 25 states, and 14 schools in the province of Ontario, Canada. The Company has acquired 76 colleges including the Heald acquisition and has opened 35 branch campuses. Its training program areas include healthcare, criminal justice, business, mechanical, trades, and information technology. The Company's diploma programs provide students with the requisite knowledge and job skills for entry-level positions in their chosen career.Key elements of its operating strategy includes emphasize Student Outcomes, create an Effective Learning Environment, focus on Attractive Markets, manage School and Program Performance, Standardize Key Business Processes and Centralize Key Functions.

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