SYIEF (Symrise AG) Debt-to-EBITDA : 2.38 (As of Jun. 2024)

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What is Symrise AG Debt-to-EBITDA?

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

Symrise AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $94 Mil. Symrise AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $2,654 Mil. Symrise AG's annualized EBITDA for the quarter that ended in Jun. 2024 was $1,156 Mil. Symrise AG's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 2.38.

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 Symrise AG's Debt-to-EBITDA or its related term are showing as below:

SYIEF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.22 Med: 2.83 Max: 3.26
Current: 2.73

During the past 13 years, the highest Debt-to-EBITDA Ratio of Symrise AG was 3.26. The lowest was 2.22. And the median was 2.83.

SYIEF's Debt-to-EBITDA is ranked worse than
54.78% of 1192 companies
in the Chemicals industry
Industry Median: 2.37 vs SYIEF: 2.73

Symrise AG Debt-to-EBITDA Historical Data

The historical data trend for Symrise AG'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.

Symrise AG Debt-to-EBITDA Chart

Symrise AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.99

2.82

2.22

3.26

3.00

Symrise AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-EBITDA	Get a 7-Day Free Trial															2.88	4.38	3.08	3.21	2.38

Competitive Comparison of Symrise AG's Debt-to-EBITDA

For the Specialty Chemicals subindustry, Symrise AG'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.

Symrise AG's Debt-to-EBITDA Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Symrise AG's Debt-to-EBITDA distribution charts can be found below:

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

Symrise AG Debt-to-EBITDA Calculation

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

Symrise AG'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
	=	(68.626	+	2721.638)	/	929.072
	=	3.00

Symrise AG'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
	=	(94.124	+	2654.044)	/	1155.51
	=	2.38

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.

Symrise AG (OTCPK:SYIEF) 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.

Symrise AG Debt-to-EBITDA Related Terms

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

Symrise AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Symrise AG (OTCPK:SYIEF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

SYIEY:USA SY1:Mexico 1SYM:Italy SY1d:UK 0G6T:UK SY1:Germany SY1:Austria

Address

Muhlenfeldstrasse 1, Holzminden, ST, DEU, 37603

Website

https://www.symrise.com

Symrise is a global supplier of ingredients for fragrances and flavourings across the food, beverage, household products, and pharmaceutical industries. With an estimated 12% market share, it is the world's fourth-largest supplier of fragrances and flavourings. The company was created after a 2003 merger of two companies that originated in 1874 and 1919. With 9,000 employees, Symrise produces 30,000 products sourced from 10,000 mostly natural raw materials such as vanilla, citrus, blossoms, and plant or animal materials for more than 6,000 customers.