CI Financial (CI Financial) Debt-to-EBITDA : 16.13 (As of Dec. 2023)

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What is CI Financial Debt-to-EBITDA?

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

CI Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $339 Mil. CI Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,501 Mil. CI Financial's annualized EBITDA for the quarter that ended in Dec. 2023 was $176 Mil. CI Financial's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 16.13.

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

CIXXF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.41 Med: 1.86 Max: 7.35
Current: 7.35

During the past 13 years, the highest Debt-to-EBITDA Ratio of CI Financial was 7.35. The lowest was 0.41. And the median was 1.86.

CIXXF's Debt-to-EBITDA is ranked worse than
87.12% of 365 companies
in the Asset Management industry
Industry Median: 1.22 vs CIXXF: 7.35

CI Financial Debt-to-EBITDA Historical Data

The historical data trend for CI 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.

CI Financial Debt-to-EBITDA Chart

CI Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.06

3.37

4.98

5.60

7.35

CI 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															9.57	7.45	4.03	8.00	16.13

Competitive Comparison of CI Financial's Debt-to-EBITDA

For the Asset Management subindustry, CI 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.

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

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

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

CI Financial Debt-to-EBITDA Calculation

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

CI 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
	=	(339.021	+	2500.896)	/	386.384
	=	7.35

CI 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
	=	(339.021	+	2500.896)	/	176.108
	=	16.13

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.

CI Financial (OTCPK:CIXXF) 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.

CI Financial Debt-to-EBITDA Related Terms

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

CI Financial (CI Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (OTCPK:CIXXF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CF7:Germany CIX:Canada

Address

15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3

Website

https://www.cifinancial.com

CI Financial is a diversified provider of wealth management products and services, primarily in the Canadian market. The company had CAD 119.0 billion in core assets under management, another CAD 278.5 billion in wealth management assets under advisement, and CAD 23.4 billion in assets under custody at the end of September 2023, making it one of the largest nonbank affiliated asset managers in Canada. The company operates its fund business through CI Global Asset Management, which offers a broad selection of investment funds. On the wealth management side, the company operates through CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, as well as a large group of acquired U.S.-based advisors, providing financial advice primarily to high-net-worth clients.