Noritz (TSE:5943) Debt-to-EBITDA : 0.34 (As of Dec. 2023)

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What is Noritz Debt-to-EBITDA?

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

Noritz's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,527 Mil. Noritz's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Noritz's annualized EBITDA for the quarter that ended in Dec. 2023 was 円7,464 Mil. Noritz's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.34.

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

TSE:5943' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.05 Med: 0.1 Max: 0.77
Current: 0.77

During the past 13 years, the highest Debt-to-EBITDA Ratio of Noritz was 0.77. The lowest was 0.05. And the median was 0.10.

TSE:5943's Debt-to-EBITDA is ranked better than
76.25% of 1305 companies
in the Construction industry
Industry Median: 2.32 vs TSE:5943: 0.77

Noritz Debt-to-EBITDA Historical Data

The historical data trend for Noritz'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.

Noritz Debt-to-EBITDA Chart

Noritz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.12

0.28

0.06

0.14

0.23

Noritz 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															0.14	0.68	13.21	-3.30	0.34

Competitive Comparison of Noritz's Debt-to-EBITDA

For the Building Products & Equipment subindustry, Noritz'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.

Noritz's Debt-to-EBITDA Distribution in the Construction Industry

For the Construction industry and Industrials sector, Noritz's Debt-to-EBITDA distribution charts can be found below:

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

Noritz Debt-to-EBITDA Calculation

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

Noritz'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
	=	(2527	+	0)	/	11060
	=	0.23

Noritz'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
	=	(2527	+	0)	/	7464
	=	0.34

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.

Noritz (TSE:5943) 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.

Noritz Debt-to-EBITDA Related Terms

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

Noritz (TSE:5943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Noritz Corp (TSE:5943) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

NRTZF:USA

Address

93 Edo-machi, Chuo-ku, Kobe, JPN, 650-0033

Website

http://www.noritz.co.jp

Noritz Corp is a Japanese company that develops and manufactures various heating and household appliances. The company operates across North America, Brazil, East Asia, Hong Kong, Oceania, and Europe. The firm's activities are divided between its Domestic Business and Overseas Business. These businesses are further segmented into a Heating Ventilation and Air Conditioning (HVAC) unit that includes water, gas, and hydronic heating systems; a Renewable Energies unit that includes solar heaters and photovoltaic power generation systems; a Housing Equipment unit that includes built-in bath and kitchen systems; and a Kitchen Appliances unit that includes gas cookers. Geographically, the majority of revenue is derived from the company's sales in Asia.

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