OFX Group (ASX:OFX) Debt-to-EBITDA

: 1.10 (As of Sep. 2023)

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

OFX Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$54.7 Mil. OFX Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$13.3 Mil. OFX Group's annualized EBITDA for the quarter that ended in Sep. 2023 was A$61.6 Mil. OFX Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 1.10.

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

ASX:OFX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.2 Med: 0.59 Max: 1.4
Current: 1.13

During the past 10 years, the highest Debt-to-EBITDA Ratio of OFX Group was 1.40. The lowest was 0.20. And the median was 0.59.

ASX:OFX's Debt-to-EBITDA is ranked better than
56.22% of 418 companies
in the Capital Markets industry
Industry Median: 1.53 vs ASX:OFX: 1.13

OFX Group Debt-to-EBITDA Historical Data

The historical data trend for OFX 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.

OFX Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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0.59

0.20

1.40

OFX Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.23	0.18	1.45	1.34	1.10

Competitive Comparison

For the Capital Markets subindustry, OFX 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.

OFX Group Debt-to-EBITDA Distribution

For the Capital Markets industry and Financial Services sector, OFX Group's Debt-to-EBITDA distribution charts can be found below:

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

OFX Group Debt-to-EBITDA Calculation

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

OFX Group'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
	=	(14.107	+	65.035)	/	56.534
	=	1.40

OFX Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(54.669	+	13.277)	/	61.63
	=	1.10

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 (Sep. 2023) EBITDA data.

OFX Group (ASX:OFX) 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.

OFX Group Debt-to-EBITDA Related Terms

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

OFX Group (ASX:OFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OFX Group Ltd (ASX:OFX) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Margaret Street, Level 19, Sydney, NSW, AUS, 2000

Website

https://www.ofx.com

OFX Group Ltd is a low-cost international multicurrency payments provider via its online platform and network of global bank accounts. The company's two products are international payment services and international payment solutions. Its International payment services are monitored by geographic region and provide bank to bank currency transfers servicing businesses and consumers. International payment solutions are monitored globally and provide strategic partners with a package which includes: OFX IT platform; client service; compliance; banking relationships; and payment capabilities.

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