Makati Finance (PHS:MFIN) Debt-to-EBITDA : 12.85 (As of Dec. 2023)

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What is Makati Finance Debt-to-EBITDA?

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

Makati Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₱494.2 Mil. Makati Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₱36.1 Mil. Makati Finance's annualized EBITDA for the quarter that ended in Dec. 2023 was ₱41.3 Mil. Makati Finance's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 12.85.

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 Makati Finance's Debt-to-EBITDA or its related term are showing as below:

PHS:MFIN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -321.19 Med: 23.45 Max: 50.91
Current: 50.47

During the past 13 years, the highest Debt-to-EBITDA Ratio of Makati Finance was 50.91. The lowest was -321.19. And the median was 23.45.

PHS:MFIN's Debt-to-EBITDA is ranked worse than
91.92% of 260 companies
in the Credit Services industry
Industry Median: 7.865 vs PHS:MFIN: 50.47

Makati Finance Debt-to-EBITDA Historical Data

The historical data trend for Makati Finance'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.

Makati Finance Debt-to-EBITDA Chart

Makati Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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21.20

42.07

37.31

-321.19

50.91

Makati Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															17.80	80.79	-204.01	-186.34	12.85

Competitive Comparison of Makati Finance's Debt-to-EBITDA

For the Credit Services subindustry, Makati Finance'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.

Makati Finance's Debt-to-EBITDA Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Makati Finance's Debt-to-EBITDA distribution charts can be found below:

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

Makati Finance Debt-to-EBITDA Calculation

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

Makati Finance's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(494.18	+	36.11)	/	10.416
	=	50.91

Makati Finance's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(494.18	+	36.11)	/	41.26
	=	12.85

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 (Dec. 2023) EBITDA data.

Makati Finance (PHS:MFIN) 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.

Makati Finance Debt-to-EBITDA Related Terms

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

Makati Finance (PHS:MFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Makati Finance Corp (PHS:MFIN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

2301 Chino Roces Avenue, 3rd Floor Mazda Makati Building, Barangay Magallanes, Makati City, PHL, 1231

Website

http://www.makatifinance.ph

Makati Finance Corp provides financial services and advisory to its clients. The company's operations include sales and marketing, evaluation and approval of loan applications, and collection of loan accounts. The company derives revenues from the following main operating business segments of Rx Cashline Group; Business loans; MFC Factors Group; Motor Vehicles Financing Group and Others. Business loans division grants loans to finance business owners who wishes to expand its business or for the purpose of starting capital whereas Motor Vehicles Financing Group grants loans to motorcycle buyers. The company's assets producing revenues are located in the Philippines.