Ringmetall SE (FRA:HP3A) Debt-to-EBITDA : 1.47 (As of Dec. 2023)

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What is Ringmetall SE Debt-to-EBITDA?

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

Ringmetall SE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €12.1 Mil. Ringmetall SE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €19.2 Mil. Ringmetall SE's annualized EBITDA for the quarter that ended in Dec. 2023 was €21.4 Mil. Ringmetall SE's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.47.

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 Ringmetall SE's Debt-to-EBITDA or its related term are showing as below:

FRA:HP3A' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.06 Med: 1.67 Max: 3.12
Current: 1.65

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ringmetall SE was 3.12. The lowest was 1.06. And the median was 1.67.

FRA:HP3A's Debt-to-EBITDA is ranked better than
50.64% of 2279 companies
in the Industrial Products industry
Industry Median: 1.7 vs FRA:HP3A: 1.65

Ringmetall SE Debt-to-EBITDA Historical Data

The historical data trend for Ringmetall SE'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.

Ringmetall SE Debt-to-EBITDA Chart

Ringmetall SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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3.12

2.95

1.18

1.06

1.65

Ringmetall SE Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															1.02	1.06	1.38	2.14	1.47

Competitive Comparison of Ringmetall SE's Debt-to-EBITDA

For the Tools & Accessories subindustry, Ringmetall SE'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.

Ringmetall SE's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ringmetall SE's Debt-to-EBITDA distribution charts can be found below:

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

Ringmetall SE Debt-to-EBITDA Calculation

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

Ringmetall SE'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
	=	(12.091	+	19.209)	/	18.97
	=	1.65

Ringmetall SE'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
	=	(12.091	+	19.209)	/	21.358
	=	1.47

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 (Dec. 2023) EBITDA data.

Ringmetall SE (FRA:HP3A) 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.

Ringmetall SE Debt-to-EBITDA Related Terms

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

Ringmetall SE (FRA:HP3A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ringmetall SE (FRA:HP3A) » Definitions » Debt-to-EBITDA

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HP3A:Germany

Address

Innere Wiener Street 9, Munich, BY, DEU, 81667

Website

https://www.ringmetall.de

Ringmetall SE is a supplier in the packaging industry with a focus on packaging elements in the field of industrial drums. Its main activities are allocated to the Industrial Packaging and Industrial Handling business units. The majority of its revenue is generated from industrial packaging segment. The products offered by the group are Clamping rings and lids, Vehicle attachment parts, and other products, of which a majority of the revenue is generated from the sales of Clamping rings and lids. The Industrial packaging segment covers the production and sale of clamping rings and the associated closures, whereas the Industrial Handling segment includes the production and marketing of vehicle attachment parts for special vehicles in logistics and warehouse logistics as well as agriculture.

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