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Fiera Capital (TSX:FSZ) Debt-to-EBITDA : 2.24 (As of Dec. 2023)


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What is Fiera Capital Debt-to-EBITDA?

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

Fiera Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$13.1 Mil. Fiera Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$719.5 Mil. Fiera Capital's annualized EBITDA for the quarter that ended in Dec. 2023 was C$327.4 Mil. Fiera Capital's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.24.

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

TSX:FSZ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.46   Med: 5.11   Max: 7.61
Current: 3.81

During the past 13 years, the highest Debt-to-EBITDA Ratio of Fiera Capital was 7.61. The lowest was 3.46. And the median was 5.11.

TSX:FSZ's Debt-to-EBITDA is ranked worse than
70.57% of 367 companies
in the Asset Management industry
Industry Median: 1.22 vs TSX:FSZ: 3.81

Fiera Capital Debt-to-EBITDA Historical Data

The historical data trend for Fiera Capital'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.

Fiera Capital Debt-to-EBITDA Chart

Fiera Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.88 5.78 3.52 5.35 3.86

Fiera Capital 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.13 7.96 5.33 4.23 2.24

Competitive Comparison of Fiera Capital's Debt-to-EBITDA

For the Asset Management subindustry, Fiera Capital'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.


Fiera Capital's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fiera Capital's Debt-to-EBITDA distribution charts can be found below:

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



Fiera Capital Debt-to-EBITDA Calculation

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

Fiera Capital'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
=(13.061 + 719.483) / 189.958
=3.86

Fiera Capital'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
=(13.061 + 719.483) / 327.448
=2.24

* 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.

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.


Fiera Capital  (TSX:FSZ) 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.


Fiera Capital Debt-to-EBITDA Related Terms

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


Fiera Capital (TSX:FSZ) Business Description

Traded in Other Exchanges
Address
1981 McGill College Avenue, Suite 1500, Montreal, QC, CAN, H3A 0H5
Fiera Capital Corp is a asset management firm which delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients. The company offers institutional clients a complete range of traditional and alternative investment strategies through specialized and balanced mandates. Its geographical segments are Canada, United States, and Europe & other. The company derives majority of the revenue from United States.

Fiera Capital (TSX:FSZ) Headlines