Kobe Steel (NGO:5406) Debt-to-EBITDA : 4.83 (As of Dec. 2023)

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What is Kobe Steel Debt-to-EBITDA?

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

Kobe Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円161,021 Mil. Kobe Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円728,872 Mil. Kobe Steel's annualized EBITDA for the quarter that ended in Dec. 2023 was 円184,296 Mil. Kobe Steel's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.83.

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

NGO:5406' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.38 Med: 4.74 Max: 18.89
Current: 4.3

During the past 13 years, the highest Debt-to-EBITDA Ratio of Kobe Steel was 18.89. The lowest was 3.38. And the median was 4.74.

NGO:5406's Debt-to-EBITDA is ranked worse than
67.34% of 493 companies
in the Steel industry
Industry Median: 2.66 vs NGO:5406: 4.30

Kobe Steel Debt-to-EBITDA Historical Data

The historical data trend for Kobe Steel'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.

Kobe Steel Debt-to-EBITDA Chart

Kobe Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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4.73

18.89

7.99

4.74

4.05

Kobe Steel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															7.42	6.57	5.76	2.47	4.83

Competitive Comparison of Kobe Steel's Debt-to-EBITDA

For the Steel subindustry, Kobe Steel'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.

Kobe Steel's Debt-to-EBITDA Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kobe Steel's Debt-to-EBITDA distribution charts can be found below:

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

Kobe Steel Debt-to-EBITDA Calculation

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

Kobe Steel'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
	=	(170116	+	736937)	/	223914
	=	4.05

Kobe Steel'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
	=	(161021	+	728872)	/	184296
	=	4.83

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 four times the quarterly (Dec. 2023) EBITDA data.

Kobe Steel (NGO:5406) 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.

Kobe Steel Debt-to-EBITDA Related Terms

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

Kobe Steel (NGO:5406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kobe Steel Ltd (NGO:5406) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

KBSTF:USA 5406:Japan KST:Germany

Address

2-4, Wakinohama-Kaigandori 2-chome, Chuo-ku, Kobe, Hyogo, JPN, 651-8585

Website

http://www.kobelco.co.jp

Kobe Steel Ltd is a Japan-based company that is primarily engaged in iron and steel, aluminum and copper, construction machinery, nonconstruction machinery, and engineering businesses. Its iron and steel business involves production of steel products, steel casting and forging, and manufacturing of titanium and steel powder. Its aluminum and copper segment manufactures aluminum and copper products. Its construction machinery segment develops and manufactures construction equipment. The nonconstruction machinery segment offers industrial machinery, compressors and equipment for the nuclear and other energy industries. The engineering segment provides solutions to plants, power stations, and water treatment companies. Japan and China account for the majority of the company's revenue.

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