Hulamin (JSE:HLM) Debt-to-EBITDA : 3.88 (As of Dec. 2023)

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What is Hulamin Debt-to-EBITDA?

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

Hulamin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R1,006 Mil. Hulamin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R52 Mil. Hulamin's annualized EBITDA for the quarter that ended in Dec. 2023 was R273 Mil. Hulamin's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.88.

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

JSE:HLM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -87.27 Med: 0.89 Max: 2.34
Current: 1.56

During the past 13 years, the highest Debt-to-EBITDA Ratio of Hulamin was 2.34. The lowest was -87.27. And the median was 0.89.

JSE:HLM's Debt-to-EBITDA is ranked better than
52.47% of 2289 companies
in the Industrial Products industry
Industry Median: 1.71 vs JSE:HLM: 1.56

Hulamin Debt-to-EBITDA Historical Data

The historical data trend for Hulamin'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.

Hulamin Debt-to-EBITDA Chart

Hulamin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

Get a 7-Day Free Trial

-0.31

-87.27

1.35

1.52

1.56

Hulamin 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															0.85	2.47	1.31	1.03	3.88

Competitive Comparison of Hulamin's Debt-to-EBITDA

For the Metal Fabrication subindustry, Hulamin'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.

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

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

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

Hulamin Debt-to-EBITDA Calculation

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

Hulamin'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
	=	(1005.654	+	51.875)	/	676.122
	=	1.56

Hulamin'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
	=	(1005.654	+	51.875)	/	272.594
	=	3.88

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.

Hulamin (JSE:HLM) 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.

Hulamin Debt-to-EBITDA Related Terms

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

Hulamin (JSE:HLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hulamin Ltd (JSE:HLM) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Moses Mabhida Road, P.O. Box 74, Pietermaritzburg, NL, ZAF, 3200

Website

https://www.hulamin.co.za

Hulamin Ltd manufactures and markets rolled and extruded aluminum products. The group is organized into two major operating divisions, namely Hulamin Rolled Products, and Hulamin Extrusions. Its Hulamin Rolled Product segment is a key revenue driver, comprises Rolled Products and Containers businesses, manufactures and supplies fabricated and rolled semi-finished aluminum products. The Hulamin Extrusions segment manufactures and supplies extruded aluminum products. Its geographic segments of the group are South Africa, North America, Europe, Asia, Middle East, Australasia, South America, and the Rest of Africa, of which key revenue is generated from South Africa. The company serves the market of Automotive and transport; Building and construction; General engineering and Packaging.

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