Marine Electricals (India) (NSE:MARINE) Debt-to-EBITDA : 1.10 (As of Sep. 2024)

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What is Marine Electricals (India) Debt-to-EBITDA?

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

Marine Electricals (India)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹571 Mil. Marine Electricals (India)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹301 Mil. Marine Electricals (India)'s annualized EBITDA for the quarter that ended in Sep. 2024 was ₹794 Mil. Marine Electricals (India)'s annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 1.10.

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 Marine Electricals (India)'s Debt-to-EBITDA or its related term are showing as below:

NSE:MARINE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.07 Med: 1.56 Max: 2.59
Current: 1.45

During the past 11 years, the highest Debt-to-EBITDA Ratio of Marine Electricals (India) was 2.59. The lowest was 1.07. And the median was 1.56.

NSE:MARINE's Debt-to-EBITDA is ranked better than
69.84% of 852 companies
in the Transportation industry
Industry Median: 2.635 vs NSE:MARINE: 1.45

Marine Electricals (India) Debt-to-EBITDA Historical Data

The historical data trend for Marine Electricals (India)'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.

Marine Electricals (India) Debt-to-EBITDA Chart

Marine Electricals (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

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2.28

1.80

1.12

1.66

1.76

Marine Electricals (India) Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-EBITDA	Get a 7-Day Free Trial															1.86	-	1.44	-	1.10

Competitive Comparison of Marine Electricals (India)'s Debt-to-EBITDA

For the Marine Shipping subindustry, Marine Electricals (India)'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.

Marine Electricals (India)'s Debt-to-EBITDA Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Marine Electricals (India)'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Marine Electricals (India)'s Debt-to-EBITDA falls into.

Marine Electricals (India) Debt-to-EBITDA Calculation

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

Marine Electricals (India)'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
	=	(693.388	+	276.978)	/	550.932
	=	1.76

Marine Electricals (India)'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
	=	(571.035	+	300.883)	/	794.384
	=	1.10

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 four times the quarterly (Sep. 2024) EBITDA data.

Marine Electricals (India) (NSE:MARINE) 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.

Marine Electricals (India) Debt-to-EBITDA Related Terms

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

Marine Electricals (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marine Electricals (India) Ltd (NSE:MARINE) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

Marol Industrial Area, B/1, Udyog Sadan No. 3, MIDC, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.marineelectricals.com

Marine Electricals (India) Ltd is engaged in providing integrated electrical and automation solutions. It is engaged in the manufacturing and sale of all types of marine and industrial electrical and electronic components like switch-gears, marine motors, control-gears, monitoring and control systems, etc., and is also engaged in the renewable energy sector specifically solar. The company also provides services like designing, fabricating, etc. for all types of electrical and electronic installations and undertakes annual maintenance contracts. Its segments are; Marine and Industry. The Marine segment which generates maximum revenue provides products and services of navigational equipment, and others in new shipbuilding. Geographically, it derives key revenue from India.

Marine Electricals (India) Headlines

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