Altshuler Shaham Financial (XTAE:ALTF) Debt-to-EBITDA : 0.39 (As of Dec. 2023)

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What is Altshuler Shaham Financial Debt-to-EBITDA?

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

Altshuler Shaham Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪18.4 Mil. Altshuler Shaham Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪82.2 Mil. Altshuler Shaham Financial's annualized EBITDA for the quarter that ended in Dec. 2023 was ₪255.9 Mil. Altshuler Shaham Financial's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.39.

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 Altshuler Shaham Financial's Debt-to-EBITDA or its related term are showing as below:

XTAE:ALTF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.35
Current: 0.35

During the past 8 years, the highest Debt-to-EBITDA Ratio of Altshuler Shaham Financial was 0.35. The lowest was 0.01. And the median was 0.14.

XTAE:ALTF's Debt-to-EBITDA is ranked better than
72.38% of 362 companies
in the Asset Management industry
Industry Median: 1.3 vs XTAE:ALTF: 0.35

Altshuler Shaham Financial Debt-to-EBITDA Historical Data

The historical data trend for Altshuler Shaham Financial'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.

Altshuler Shaham Financial Debt-to-EBITDA Chart

Altshuler Shaham Financial Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.11

0.06

0.17

0.27

0.35

Altshuler Shaham Financial 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															0.34	0.33	0.39	0.33	0.39

Competitive Comparison of Altshuler Shaham Financial's Debt-to-EBITDA

For the Asset Management subindustry, Altshuler Shaham Financial'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.

Altshuler Shaham Financial's Debt-to-EBITDA Distribution in the Asset Management Industry

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

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

Altshuler Shaham Financial Debt-to-EBITDA Calculation

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

Altshuler Shaham Financial'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
	=	(18.398	+	82.229)	/	288.89
	=	0.35

Altshuler Shaham Financial'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
	=	(18.398	+	82.229)	/	255.92
	=	0.39

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.

Altshuler Shaham Financial (XTAE:ALTF) 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.

Altshuler Shaham Financial Debt-to-EBITDA Related Terms

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

Altshuler Shaham Financial (XTAE:ALTF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Altshuler Shaham Financial Ltd (XTAE:ALTF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

19A Habarzel Street, Ramat Hachayal, Tel Aviv, ISR, 6971026

Website

https://www.as-invest.co.il

Altshuler Shaham Financial Ltd is a manager of provident funds, study and pension funds. It holds a permit to operate provident funds for savings, provident pay and severance pay, central severance pay funds, study funds, central sick pay provident fund, a central provident fund for budgetary pension participation, investment provident funds, and investment provident funds - long-term savings for children (with multiple tracks). The company has two operating segments: The pension fund segment and the Provident fund segment.

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