Sunlite Recycling Industries (NSE:SUNLITE) Debt-to-EBITDA : 0.47 (As of Mar. 2024)

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What is Sunlite Recycling Industries Debt-to-EBITDA?

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

Sunlite Recycling Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹315 Mil. Sunlite Recycling Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹34 Mil. Sunlite Recycling Industries's annualized EBITDA for the quarter that ended in Mar. 2024 was ₹746 Mil. Sunlite Recycling Industries's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 0.47.

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 Sunlite Recycling Industries's Debt-to-EBITDA or its related term are showing as below:

NSE:SUNLITE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.87 Med: 2.39 Max: 3.22
Current: 1.87

During the past 4 years, the highest Debt-to-EBITDA Ratio of Sunlite Recycling Industries was 3.22. The lowest was 1.87. And the median was 2.39.

NSE:SUNLITE's Debt-to-EBITDA is ranked worse than
53.1% of 2273 companies
in the Industrial Products industry
Industry Median: 1.68 vs NSE:SUNLITE: 1.87

Sunlite Recycling Industries Debt-to-EBITDA Historical Data

The historical data trend for Sunlite Recycling Industries'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.

Sunlite Recycling Industries Debt-to-EBITDA Chart

Sunlite Recycling Industries Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

2.40

2.38

3.22

1.87

Sunlite Recycling Industries Quarterly Data
	Mar21	Mar22	Mar23	Mar24
Debt-to-EBITDA	0.60	0.60	0.81	0.47

Competitive Comparison of Sunlite Recycling Industries's Debt-to-EBITDA

For the Electrical Equipment & Parts subindustry, Sunlite Recycling Industries'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.

Sunlite Recycling Industries's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunlite Recycling Industries's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Sunlite Recycling Industries's Debt-to-EBITDA falls into.

Sunlite Recycling Industries Debt-to-EBITDA Calculation

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

Sunlite Recycling Industries'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
	=	(314.891	+	34.283)	/	186.407
	=	1.87

Sunlite Recycling Industries's annualized Debt-to-EBITDA for the quarter 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
	=	(314.891	+	34.283)	/	745.628
	=	0.47

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 (Mar. 2024) EBITDA data.

Sunlite Recycling Industries (NSE:SUNLITE) 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.

Sunlite Recycling Industries Debt-to-EBITDA Related Terms

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

Sunlite Recycling Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunlite Recycling Industries Ltd (NSE:SUNLITE) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda, GJ, IND, 387350

Website

https://www.sunliteindustries.com

Sunlite Recycling Industries Ltd is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Further, it is also engaged in providing job work services for processing of various products of copper, wherein its customers provide company with the copper scrap and the company converts the copper scrap into copper wire and copper wire rod as per customer's requirement. It employs an internal quality control mechanism to ensure that its finished product conforms to the exact requirement of its customers.

Sunlite Recycling Industries Headlines

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