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Mr Price Group (JSE:MRP) Debt-to-EBITDA : 2.27 (As of Sep. 2023)


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What is Mr Price Group Debt-to-EBITDA?

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

Mr Price Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R2,599 Mil. Mr Price Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R6,371 Mil. Mr Price Group's annualized EBITDA for the quarter that ended in Sep. 2023 was R3,960 Mil. Mr Price Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 2.27.

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 Mr Price Group's Debt-to-EBITDA or its related term are showing as below:

JSE:MRP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.06   Med: 0.08   Max: 1.79
Current: 1.79

During the past 13 years, the highest Debt-to-EBITDA Ratio of Mr Price Group was 1.79. The lowest was 0.06. And the median was 0.08.

JSE:MRP's Debt-to-EBITDA is ranked better than
65.48% of 840 companies
in the Retail - Cyclical industry
Industry Median: 2.675 vs JSE:MRP: 1.79

Mr Price Group Debt-to-EBITDA Historical Data

The historical data trend for Mr Price Group'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.

Mr Price Group Debt-to-EBITDA Chart

Mr Price Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.86 1.02 1.05 1.24

Mr Price Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 1.79 1.11 1.93 1.51 2.27

Competitive Comparison of Mr Price Group's Debt-to-EBITDA

For the Apparel Retail subindustry, Mr Price Group'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.


Mr Price Group's Debt-to-EBITDA Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mr Price Group's Debt-to-EBITDA distribution charts can be found below:

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



Mr Price Group Debt-to-EBITDA Calculation

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

Mr Price Group's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2126 + 7084) / 7429
=1.24

Mr Price Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2599 + 6371) / 3960
=2.27

* 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 (Sep. 2023) EBITDA data.


Mr Price Group  (JSE:MRP) 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.


Mr Price Group Debt-to-EBITDA Related Terms

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


Mr Price Group (JSE:MRP) Business Description

Traded in Other Exchanges
Address
65 Masabalala Yengwa Avenue, Upper Level Durban Station Complex, Stamford Hill, North Concourse, Durban, NL, ZAF, 4001
Mr Price Group Ltd is a retailer that sells proprietary-branded apparel and home goods through more than a thousand stores and online channels. It operates almost exclusively in Africa, with the vast majority of sales coming from South Africa. Its stores are concept-specific: mrp, the company's primary store, sells clothes, shoes, and accessories targeting young men and women; mrpSport stores sell sports apparel, equipment, footwear, and accessories; Miladys sells clothing for family-oriented women; mrpHome sells homeware and furniture, and Sheet Street sells home textile and decor products.

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