Orora (FRA:OORD) Debt-to-EBITDA : 3.73 (As of Jun. 2024)

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What is Orora Debt-to-EBITDA?

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

Orora's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €65 Mil. Orora's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €1,427 Mil. Orora's annualized EBITDA for the quarter that ended in Jun. 2024 was €400 Mil. Orora's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 3.73.

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

FRA:OORD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.71 Med: 2.33 Max: 4.27
Current: 4.27

During the past 11 years, the highest Debt-to-EBITDA Ratio of Orora was 4.27. The lowest was 1.71. And the median was 2.33.

FRA:OORD's Debt-to-EBITDA is ranked worse than
67.46% of 335 companies
in the Packaging & Containers industry
Industry Median: 2.75 vs FRA:OORD: 4.27

Orora Debt-to-EBITDA Historical Data

The historical data trend for Orora'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.

Orora Debt-to-EBITDA Chart

Orora Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-EBITDA

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3.40

2.36

2.30

2.63

4.27

Orora 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															2.50	2.15	3.00	4.74	3.73

Competitive Comparison of Orora's Debt-to-EBITDA

For the Packaging & Containers subindustry, Orora'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.

Orora's Debt-to-EBITDA Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Orora's Debt-to-EBITDA distribution charts can be found below:

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

Orora Debt-to-EBITDA Calculation

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

Orora's Debt-to-EBITDA for the fiscal year 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
	=	(64.648	+	1426.872)	/	348.961
	=	4.27

Orora'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
	=	(64.648	+	1426.872)	/	399.73
	=	3.73

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.

Orora (FRA:OORD) 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.

Orora Debt-to-EBITDA Related Terms

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

Orora Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Orora Ltd (FRA:OORD) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ORRAF:USA ORRYY:USA OORD:Germany ORA:Australia

Address

109-133 Burwood Road, Hawthorn, Melbourne, VIC, AUS, 3122

Website

https://www.ororagroup.com

Orora Ltd was created in late 2013 when Amcor demerged its Australasian fibre and beverage packaging operations and North American packaging distribution business. Orora's Australasian business is focused on glass bottles, beverage cans, and wine closures, after agreeing to divest its fibre business in late 2019. Orora has the number-one position in beverage cans and number-two position in glass bottles and wine closures. Its primary competitors are Visy Group and Owens-Illinois. The North American business is focused on packaging distribution, but has also expanded into point-of-purchase retail display solutions.

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