Aichi Steel (TSE:5482) Debt-to-EBITDA : 2.92 (As of Mar. 2024)

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What is Aichi Steel Debt-to-EBITDA?

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

Aichi Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円15,305 Mil. Aichi Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円58,076 Mil. Aichi Steel's annualized EBITDA for the quarter that ended in Mar. 2024 was 円25,120 Mil. Aichi Steel's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 2.92.

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 Aichi Steel's Debt-to-EBITDA or its related term are showing as below:

TSE:5482' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.8 Med: 2.53 Max: 3.88
Current: 2.44

During the past 13 years, the highest Debt-to-EBITDA Ratio of Aichi Steel was 3.88. The lowest was 1.80. And the median was 2.53.

TSE:5482's Debt-to-EBITDA is ranked better than
52.76% of 489 companies
in the Steel industry
Industry Median: 2.63 vs TSE:5482: 2.44

Aichi Steel Debt-to-EBITDA Historical Data

The historical data trend for Aichi Steel'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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Aichi Steel Debt-to-EBITDA Chart

Aichi Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

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2.03

3.34

3.27

3.88

2.46

Aichi Steel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															2.94	2.40	3.11	1.98	2.92

Competitive Comparison of Aichi Steel's Debt-to-EBITDA

For the Steel subindustry, Aichi Steel'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.

Aichi Steel's Debt-to-EBITDA Distribution in the Steel Industry

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

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

Aichi Steel Debt-to-EBITDA Calculation

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

Aichi Steel'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
	=	(15305	+	58076)	/	29807
	=	2.46

Aichi Steel'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
	=	(15305	+	58076)	/	25120
	=	2.92

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.

Aichi Steel (TSE:5482) 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.

Aichi Steel Debt-to-EBITDA Related Terms

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

Aichi Steel (TSE:5482) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aichi Steel Corp (TSE:5482) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

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Address

1 Wanowari Araomachi, Aichi-ken, Tokai, JPN, 476-8666

Website

http://www.aichi-steel.co.jp

Aichi Steel Corp is a Japan-based company that manufactures and sells steel, forged products and electro-magnetic products. The company operates through four segments. The steel segment manufactures and sells specialty steel, stainless steel, and titanium. The forged product segment produces a wide variety of forgings. The electromagnetic products segment manufactures electromagnetic components. The steel and forged products segments are the two biggest segments, representing the majority of Aichi Steel's sales. Aichi Steel is a member of Toyota Group. Toyota Motor and Toyota Tsusho are its major customers. The company generates most of its revenue from the Japanese domestic market.

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