Hiroshima Gas Co (TSE:9535) Debt-to-EBITDA : -60.02 (As of Dec. 2023)

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What is Hiroshima Gas Co Debt-to-EBITDA?

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

Hiroshima Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円6,040 Mil. Hiroshima Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円43,654 Mil. Hiroshima Gas Co's annualized EBITDA for the quarter that ended in Dec. 2023 was 円-828 Mil. Hiroshima Gas Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -60.02.

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

TSE:9535' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.21 Med: 2.83 Max: 7.2
Current: 7.2

During the past 13 years, the highest Debt-to-EBITDA Ratio of Hiroshima Gas Co was 7.20. The lowest was 2.21. And the median was 2.83.

TSE:9535's Debt-to-EBITDA is ranked worse than
90.97% of 720 companies
in the Oil & Gas industry
Industry Median: 1.765 vs TSE:9535: 7.20

Hiroshima Gas Co Debt-to-EBITDA Historical Data

The historical data trend for Hiroshima Gas 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.

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Hiroshima Gas Co Debt-to-EBITDA Chart

Hiroshima Gas Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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3.27

2.96

2.21

3.04

3.75

Hiroshima Gas Co 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															14.59	2.87	5.96	104.90	-60.02

Competitive Comparison of Hiroshima Gas Co's Debt-to-EBITDA

For the Oil & Gas Integrated subindustry, Hiroshima Gas 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.

Hiroshima Gas Co's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hiroshima Gas Co's Debt-to-EBITDA distribution charts can be found below:

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

Hiroshima Gas Co Debt-to-EBITDA Calculation

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

Hiroshima Gas Co's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(12000	+	44123)	/	14979
	=	3.75

Hiroshima Gas Co'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
	=	(6040	+	43654)	/	-828
	=	-60.02

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.

Hiroshima Gas Co (TSE:9535) 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.

Hiroshima Gas Co Debt-to-EBITDA Related Terms

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

Hiroshima Gas Co (TSE:9535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hiroshima Gas Co Ltd (TSE:9535) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-7-1 Minami-machi, Minami-ku, Hiroshima, JPN, 734-8555

Website

http://www.hiroshima-gas.co.jp

Hiroshima Gas Co Ltd engages in the gas business which includes the sale of gas appliances, liquefied natural gas (LNG), and liquefied petroleum gas (LPG). It engages in the production, supply, and sale of gas; wholesale supply of gas to other gas companies; sale of gas devices; and installation of gas equipment associated with gas devices, as well as safety inspections and gas meter data collection activities. The company is also involved in the sale of LPG and LPG devices; refilling of LPG tanks; installation of LPG pipes; and construction of gas pipes and lines. In addition, it engages in the engineering; machinery installation; fees collection and call center operation; and information distribution activities, as well as provision of services for seniors.

Hiroshima Gas Co (TSE:9535) Headlines

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