Albemarle & Bond Holdings (LSE:ABM) Debt-to-EBITDA : 4.70 (As of Jun. 2013)

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What is Albemarle & Bond Holdings Debt-to-EBITDA?

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

Albemarle & Bond Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was £53.5 Mil. Albemarle & Bond Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was £0.0 Mil. Albemarle & Bond Holdings's annualized EBITDA for the quarter that ended in Jun. 2013 was £11.4 Mil. Albemarle & Bond Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2013 was 4.70.

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 Albemarle & Bond Holdings's Debt-to-EBITDA or its related term are showing as below:

LSE:ABM's Debt-to-EBITDA is not ranked ^*
in the Credit Services industry.
Industry Median: 8.23
* Ranked among companies with meaningful Debt-to-EBITDA only.

Albemarle & Bond Holdings Debt-to-EBITDA Historical Data

The historical data trend for Albemarle & Bond Holdings'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.

Albemarle & Bond Holdings Debt-to-EBITDA Chart

Albemarle & Bond Holdings Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Debt-to-EBITDA

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1.86

1.23

1.51

1.64

4.70

Albemarle & Bond Holdings Semi-Annual Data
	Jun92	Jun93	Jun94	Jun95	Jun96	Jun97	Jun98	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Debt-to-EBITDA	Get a 7-Day Free Trial															1.86	1.23	1.51	1.64	4.70

Competitive Comparison of Albemarle & Bond Holdings's Debt-to-EBITDA

For the Credit Services subindustry, Albemarle & Bond Holdings'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.

Albemarle & Bond Holdings's Debt-to-EBITDA Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Albemarle & Bond Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Albemarle & Bond Holdings's Debt-to-EBITDA falls into.

Albemarle & Bond Holdings Debt-to-EBITDA Calculation

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

Albemarle & Bond Holdings'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
	=	(53.5	+	0)	/	11.373
	=	4.70

Albemarle & Bond Holdings'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
	=	(53.5	+	0)	/	11.373
	=	4.70

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.

Albemarle & Bond Holdings (LSE:ABM) 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.

Albemarle & Bond Holdings Debt-to-EBITDA Related Terms

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

Albemarle & Bond Holdings (LSE:ABM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Albemarle & Bond Holdings PLC (LSE:ABM) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

Website

http://www.albemarlebondplc.com

Albemarle & Bond Holdings PLC was incorporated on January 17, 1986. The Company is a holding company engaged in pawnbroking, retail jewellery sales, gold purchasing, unsecured lending, including cheque cashing and other financial services. It has approximately 230 stores and 1,000 employees. Operating under the two brands, Albemarle Bond and Herbert Brown, it provides its customers with a range of services including jewellery retailing, pawnbroking loans, gold purchasing and a range of unsecured loan products. The pawn loan is secured against jewellery for a maximum of six months. The customer can redeem their jewellery by repaying the loan and interest owing at any time without incurring penalties for early redemption. The Company provides short-term loans through three products, PayDay Advances, Speedloans, and Cheque Cashing. PayDay Advances offer customers short-term unsecured loans to meet their cash flow requirements until wages are received. Speedloans provide customers with immediately available installment loans over a longer term of between six and 18 months and Cheque Cashing provides access to their cash for customers who have received cheques. The Company offers a range of new and second hand jewellery. Herbert Brown offers a range of new, second hand and antique jewellery.