HI-Green Carbon (NSE:HIGREEN) Debt-to-EBITDA : 2.56 (As of Sep. 2024)

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What is HI-Green Carbon Debt-to-EBITDA?

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

HI-Green Carbon's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹126.8 Mil. HI-Green Carbon's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹263.4 Mil. HI-Green Carbon's annualized EBITDA for the quarter that ended in Sep. 2024 was ₹152.7 Mil. HI-Green Carbon's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 2.56.

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 HI-Green Carbon's Debt-to-EBITDA or its related term are showing as below:

NSE:HIGREEN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.67 Med: 1.56 Max: 5.06
Current: 2.22

During the past 4 years, the highest Debt-to-EBITDA Ratio of HI-Green Carbon was 5.06. The lowest was 0.67. And the median was 1.56.

NSE:HIGREEN's Debt-to-EBITDA is ranked better than
51.5% of 1202 companies
in the Chemicals industry
Industry Median: 2.35 vs NSE:HIGREEN: 2.22

HI-Green Carbon Debt-to-EBITDA Historical Data

The historical data trend for HI-Green Carbon'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.

HI-Green Carbon Debt-to-EBITDA Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

5.06

1.80

0.67

1.32

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-EBITDA	Get a 7-Day Free Trial			-	0.63	0.77	1.21	2.56

Competitive Comparison of HI-Green Carbon's Debt-to-EBITDA

For the Specialty Chemicals subindustry, HI-Green Carbon'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.

HI-Green Carbon's Debt-to-EBITDA Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, HI-Green Carbon's Debt-to-EBITDA distribution charts can be found below:

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

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HI-Green Carbon Debt-to-EBITDA Calculation

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

HI-Green Carbon's Debt-to-EBITDA for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(98.716	+	141.234)	/	182.475
	=	1.31

HI-Green Carbon's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(126.824	+	263.395)	/	152.668
	=	2.56

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. 2024) EBITDA data.

HI-Green Carbon (NSE:HIGREEN) 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.

HI-Green Carbon Debt-to-EBITDA Related Terms

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

HI-Green Carbon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

HI-Green Carbon Headlines

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