Dollex Agrotech (NSE:DOLLEX) Debt-to-EBITDA : 3.10 (As of Sep. 2023)

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What is Dollex Agrotech Debt-to-EBITDA?

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

Dollex Agrotech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹79 Mil. Dollex Agrotech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹367 Mil. Dollex Agrotech's annualized EBITDA for the quarter that ended in Sep. 2023 was ₹144 Mil. Dollex Agrotech's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 3.10.

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

NSE:DOLLEX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.45 Med: 6.03 Max: 11.47
Current: 2.45

During the past 4 years, the highest Debt-to-EBITDA Ratio of Dollex Agrotech was 11.47. The lowest was 2.45. And the median was 6.03.

NSE:DOLLEX's Debt-to-EBITDA is ranked worse than
53.52% of 1435 companies
in the Consumer Packaged Goods industry
Industry Median: 2.12 vs NSE:DOLLEX: 2.45

Dollex Agrotech Debt-to-EBITDA Historical Data

The historical data trend for Dollex Agrotech'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.

Dollex Agrotech Debt-to-EBITDA Chart

Dollex Agrotech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

11.47

7.05

5.01

3.33

Dollex Agrotech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial			N/A	N/A	-	1.95	3.10

Competitive Comparison of Dollex Agrotech's Debt-to-EBITDA

For the Confectioners subindustry, Dollex Agrotech'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.

Dollex Agrotech's Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dollex Agrotech's Debt-to-EBITDA distribution charts can be found below:

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

Dollex Agrotech Debt-to-EBITDA Calculation

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

Dollex Agrotech'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
	=	(100.767	+	328.433)	/	128.949
	=	3.33

Dollex Agrotech'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
	=	(79.038	+	367.292)	/	144.016
	=	3.10

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.

Dollex Agrotech (NSE:DOLLEX) 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.

Dollex Agrotech Debt-to-EBITDA Related Terms

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

Dollex Agrotech (NSE:DOLLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dollex Agrotech Ltd (NSE:DOLLEX) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

19/1 Manorama Ganj, 205, Naroli Arcade, Near Palasia Square, Indore, MP, IND, 452001

Website

https://www.dollex.in

Dollex Agrotech Ltd is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities. The company also produces and sells its by-products such as molasses, pressed, and bagasse. The bagasse is used to generate power. Further, it is engaged in power generation up to the captive power of 3 MW.

Dollex Agrotech (NSE:DOLLEX) Headlines

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