Meyar Co (SAU:9565) Debt-to-EBITDA : 9.31 (As of Jun. 2024)

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What is Meyar Co Debt-to-EBITDA?

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

Meyar Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼4.32 Mil. Meyar Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼11.25 Mil. Meyar Co's annualized EBITDA for the quarter that ended in Jun. 2024 was ﷼1.67 Mil. Meyar Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 9.31.

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 Meyar Co's Debt-to-EBITDA or its related term are showing as below:

SAU:9565' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.29 Med: 1.72 Max: 2.59
Current: 2.59

During the past 2 years, the highest Debt-to-EBITDA Ratio of Meyar Co was 2.59. The lowest was 1.29. And the median was 1.72.

SAU:9565's Debt-to-EBITDA is ranked worse than
57.46% of 315 companies
in the Building Materials industry
Industry Median: 2.15 vs SAU:9565: 2.59

Meyar Co Debt-to-EBITDA Historical Data

The historical data trend for Meyar Co'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.

Meyar Co Debt-to-EBITDA Chart

Meyar Co Annual Data

Trend

Dec22

Dec23

Debt-to-EBITDA

1.29

2.15

Meyar Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-EBITDA	-	3.47	4.18	1.36	9.31

Competitive Comparison of Meyar Co's Debt-to-EBITDA

For the Building Materials subindustry, Meyar Co'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.

Meyar Co's Debt-to-EBITDA Distribution in the Building Materials Industry

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

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

Meyar Co Debt-to-EBITDA Calculation

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

Meyar Co'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
	=	(3.502	+	10.61)	/	6.565
	=	2.15

Meyar Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(4.322	+	11.247)	/	1.672
	=	9.31

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 (Jun. 2024) EBITDA data.

Meyar Co (SAU:9565) 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.

Meyar Co Debt-to-EBITDA Related Terms

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

Meyar Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Meyar Co (SAU:9565) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Badr Bin Abdul Aziz Street, Majma'a - Al-Basira, Building No. 3467, Harmah, SAU, 15363

Website

https://www.meyar.sa

Meyar Co engages in the manufacture of hollow cement blocks and bricks, ready-mixed concrete, and precast insulated concrete. It also engages in the general construction of residential buildings, non-residential buildings, such as schools, hospitals, hotels, and government buildings.

Meyar Co Headlines

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