Coty (BSP:COTY34) Debt-to-EBITDA : 2.36 (As of Dec. 2023)

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What is Coty Debt-to-EBITDA?

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

Coty's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$345 Mil. Coty's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$19,278 Mil. Coty's annualized EBITDA for the quarter that ended in Dec. 2023 was R$8,320 Mil. Coty's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.36.

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

BSP:COTY34' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.42 Med: 6.7 Max: 61.16
Current: 3.27

During the past 13 years, the highest Debt-to-EBITDA Ratio of Coty was 61.16. The lowest was -16.42. And the median was 6.70.

BSP:COTY34's Debt-to-EBITDA is ranked worse than
62.34% of 1426 companies
in the Consumer Packaged Goods industry
Industry Median: 2.14 vs BSP:COTY34: 3.27

Coty Debt-to-EBITDA Historical Data

The historical data trend for Coty'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.

Coty Debt-to-EBITDA Chart

Coty Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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-2.59

-16.42

10.04

4.04

3.27

Coty 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															2.46	3.67	4.36	4.94	2.36

Competitive Comparison of Coty's Debt-to-EBITDA

For the Household & Personal Products subindustry, Coty'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.

Coty's Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Coty's Debt-to-EBITDA distribution charts can be found below:

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

Coty Debt-to-EBITDA Calculation

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

Coty'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
	=	(599.432	+	21481.02)	/	6759.263
	=	3.27

Coty'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
	=	(344.946	+	19278.263)	/	8319.86
	=	2.36

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.

Coty (BSP:COTY34) 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.

Coty Debt-to-EBITDA Related Terms

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

Coty (BSP:COTY34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Coty Inc (BSP:COTY34) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

COTY:USA COTY:France CO3A:Germany CO3A:Germany

Address

350 Fifth Avenue, New York, NY, USA, 10118

Website

https://www.coty.com

Coty is a global beauty maker that focuses on fragrance (59% of sales) and color cosmetics (28%), with limited exposure to skincare (5%) and body care (8%). For its fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, while its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrities Kim Kardashian and Kylie Jenner to launch makeup products bearing their names. By region, Coty generates close to 45% of sales from Europe, 30% from North America, 10% from Asia, and 8% from Latin America, with the rest from travel retail. German investment firm JAB is a controlling shareholder, with a 53% stake.

Coty (BSP:COTY34) Headlines

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