Jainam Ferro Alloys (I) (NSE:JAINAM) Debt-to-EBITDA : 0.03 (As of Sep. 2024)

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What is Jainam Ferro Alloys (I) Debt-to-EBITDA?

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

Jainam Ferro Alloys (I)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹0 Mil. Jainam Ferro Alloys (I)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹7 Mil. Jainam Ferro Alloys (I)'s annualized EBITDA for the quarter that ended in Sep. 2024 was ₹276 Mil. Jainam Ferro Alloys (I)'s annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 0.02.

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 Jainam Ferro Alloys (I)'s Debt-to-EBITDA or its related term are showing as below:

NSE:JAINAM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0.69 Max: 1.82
Current: 0.05

During the past 6 years, the highest Debt-to-EBITDA Ratio of Jainam Ferro Alloys (I) was 1.82. The lowest was 0.00. And the median was 0.69.

NSE:JAINAM's Debt-to-EBITDA is ranked better than
96.89% of 483 companies
in the Steel industry
Industry Median: 2.88 vs NSE:JAINAM: 0.05

Jainam Ferro Alloys (I) Debt-to-EBITDA Historical Data

The historical data trend for Jainam Ferro Alloys (I)'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.

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Jainam Ferro Alloys (I) Debt-to-EBITDA Chart

Jainam Ferro Alloys (I) Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

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1.82

0.47

0.02

0.98

Jainam Ferro Alloys (I) Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-EBITDA	Get a 7-Day Free Trial					0.02	0.01	-	3.52	0.03

Competitive Comparison of Jainam Ferro Alloys (I)'s Debt-to-EBITDA

For the Steel subindustry, Jainam Ferro Alloys (I)'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.

Jainam Ferro Alloys (I)'s Debt-to-EBITDA Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jainam Ferro Alloys (I)'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Jainam Ferro Alloys (I)'s Debt-to-EBITDA falls into.

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Jainam Ferro Alloys (I) Debt-to-EBITDA Calculation

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

Jainam Ferro Alloys (I)'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
	=	(70.606	+	28.449)	/	101.207
	=	0.98

Jainam Ferro Alloys (I)'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
	=	(0	+	6.829)	/	275.672
	=	0.02

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.

Jainam Ferro Alloys (I) (NSE:JAINAM) 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.

Jainam Ferro Alloys (I) Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Jainam Ferro Alloys (I)'s Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Jainam Ferro Alloys (I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jainam Ferro Alloys (I) Ltd (NSE:JAINAM) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Urla Industrial Area, Sector-C, Plot No. 103 to 113 & 130 to 136/A & 137, Birgaon, Raipur, CT, IND, 492003

Website

https://www.jainamferro.com

Jainam Ferro Alloys (I) Ltd is engaged in the manufacturing of two types of Ferro Alloys - Ferro Manganese and Silico manganese, largely used in the Steel industry. Ferro silicon, ferro silicon oxide, ferro silicon, ferro silicon, and ferro chrome are among the company's products. The company also generates revenue from trading activities of manganese ore, used as a raw material in the manufacturing of Ferro alloys. It sells products within India.

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