SP Refractories (NSE:SPRL) Debt-to-EBITDA : 1.91 (As of Sep. 2023)

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What is SP Refractories Debt-to-EBITDA?

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

SP Refractories's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹31.8 Mil. SP Refractories's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹20.3 Mil. SP Refractories's annualized EBITDA for the quarter that ended in Sep. 2023 was ₹27.3 Mil. SP Refractories's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 1.91.

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 SP Refractories's Debt-to-EBITDA or its related term are showing as below:

NSE:SPRL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.29 Med: 3.38 Max: 4.15
Current: 2.29

During the past 5 years, the highest Debt-to-EBITDA Ratio of SP Refractories was 4.15. The lowest was 2.29. And the median was 3.38.

NSE:SPRL's Debt-to-EBITDA is ranked worse than
53.92% of 319 companies
in the Building Materials industry
Industry Median: 2.16 vs NSE:SPRL: 2.29

SP Refractories Debt-to-EBITDA Historical Data

The historical data trend for SP Refractories'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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SP Refractories Debt-to-EBITDA Chart

SP Refractories Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

4.15

3.38

2.54

2.53

3.65

SP Refractories Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial			1.48	3.81	5.36	2.99	1.91

Competitive Comparison of SP Refractories's Debt-to-EBITDA

For the Building Materials subindustry, SP Refractories'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.

SP Refractories's Debt-to-EBITDA Distribution in the Building Materials Industry

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

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

SP Refractories Debt-to-EBITDA Calculation

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

SP Refractories'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
	=	(33.127	+	21.073)	/	14.852
	=	3.65

SP Refractories'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
	=	(31.785	+	20.3)	/	27.302
	=	1.91

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.

SP Refractories (NSE:SPRL) 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.

SP Refractories Debt-to-EBITDA Related Terms

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

SP Refractories (NSE:SPRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » SP Refractories Ltd (NSE:SPRL) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

Hingna Road, M-10, M-11/1 & M-11/2, MIDC Industrial Area, Nagpur, MH, IND, 440016

Website

https://www.sprefractories.com

SP Refractories Ltd is engaged in manufacturing and supplying refractory material made using hydrated lime, calcined alumina, and other raw materials. The Company is involved in single segment of manufacturing and supplying of high quality refractory material. Its core focus is on refractory cement which is a niche and high-margin cement widely used in iron and steel and construction industries because of its thermal conductivity, maximum strength, and heat resistance.

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