Bisalloy Steel Group (ASX:BIS) Debt-to-EBITDA : 0.48 (As of Dec. 2023)

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What is Bisalloy Steel Group Debt-to-EBITDA?

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

Bisalloy Steel Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$12.7 Mil. Bisalloy Steel Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.2 Mil. Bisalloy Steel Group's annualized EBITDA for the quarter that ended in Dec. 2023 was A$27.0 Mil. Bisalloy Steel Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.47.

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

ASX:BIS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.23 Med: 1.28 Max: 9.06
Current: 0.54

During the past 13 years, the highest Debt-to-EBITDA Ratio of Bisalloy Steel Group was 9.06. The lowest was 0.23. And the median was 1.28.

ASX:BIS's Debt-to-EBITDA is ranked better than
82.17% of 488 companies
in the Steel industry
Industry Median: 2.63 vs ASX:BIS: 0.54

Bisalloy Steel Group Debt-to-EBITDA Historical Data

The historical data trend for Bisalloy Steel Group'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.

Bisalloy Steel Group Debt-to-EBITDA Chart

Bisalloy Steel Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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1.33

1.37

0.63

0.46

0.23

Bisalloy Steel Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.41	0.47	0.48	0.24	0.48

Competitive Comparison of Bisalloy Steel Group's Debt-to-EBITDA

For the Steel subindustry, Bisalloy Steel Group'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.

Bisalloy Steel Group's Debt-to-EBITDA Distribution in the Steel Industry

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

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

Bisalloy Steel Group Debt-to-EBITDA Calculation

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

Bisalloy Steel Group's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.393	+	3.646)	/	22.236
	=	0.23

Bisalloy Steel Group'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
	=	(12.665	+	0.179)	/	27.042
	=	0.47

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 two times the quarterly (Dec. 2023) EBITDA data.

Bisalloy Steel Group (ASX:BIS) 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.

Bisalloy Steel Group Debt-to-EBITDA Related Terms

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

Bisalloy Steel Group (ASX:BIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bisalloy Steel Group Ltd (ASX:BIS) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Resolution Drive, Unanderra, Wollongong, NSW, AUS, 2526

Website

https://www.bisalloy.com.au

Bisalloy Steel Group Ltd is engaged in the processing and sale of quenched and tempered high-tensile, and abrasion-resistant steel plates. The company is organized into geographical operating segments, being Australian Operations is engaged in the distribution of wear-grade and high tensile plates through distributors and directly to original equipment manufacturers in both Australia and Overseas. Its Overseas Operations engage in the distribution of the abrasion-resistant plate as well as other steel plate products. The Overseas Operations also focus on the marketing and distribution of quench and tempered steel plates. The majority of its revenue is derived from Australian Operations. The company's products are marketed under the BISALLOY brand name.