Golden Harvest Agro Industries (DHA:GHAIL) Debt-to-EBITDA : 24.08 (As of Dec. 2023)

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

Golden Harvest Agro Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT1,058 Mil. Golden Harvest Agro Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT1,064 Mil. Golden Harvest Agro Industries's annualized EBITDA for the quarter that ended in Dec. 2023 was BDT88 Mil. Golden Harvest Agro Industries's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 24.08.

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 Golden Harvest Agro Industries's Debt-to-EBITDA or its related term are showing as below:

DHA:GHAIL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.96 Med: 5.72 Max: 33.09
Current: 9.38

During the past 10 years, the highest Debt-to-EBITDA Ratio of Golden Harvest Agro Industries was 33.09. The lowest was 3.96. And the median was 5.72.

DHA:GHAIL's Debt-to-EBITDA is ranked worse than
89.13% of 1426 companies
in the Consumer Packaged Goods industry
Industry Median: 2.15 vs DHA:GHAIL: 9.38

Golden Harvest Agro Industries Debt-to-EBITDA Historical Data

The historical data trend for Golden Harvest Agro Industries'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.

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Golden Harvest Agro Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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3.96

6.83

33.09

11.27

9.03

Golden Harvest Agro Industries 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															9.01	6.39	9.10	7.98	24.08

Competitive Comparison

For the Packaged Foods subindustry, Golden Harvest Agro Industries'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.

Golden Harvest Agro Industries Debt-to-EBITDA Distribution

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

* The bar in red indicates where Golden Harvest Agro Industries's Debt-to-EBITDA falls into.

Golden Harvest Agro Industries Debt-to-EBITDA Calculation

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

Golden Harvest Agro Industries'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
	=	(1040.196	+	1053.138)	/	231.785
	=	9.03

Golden Harvest Agro Industries'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
	=	(1057.667	+	1063.51)	/	88.092
	=	24.08

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.

Golden Harvest Agro Industries (DHA:GHAIL) 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.

Golden Harvest Agro Industries Debt-to-EBITDA Related Terms

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

Golden Harvest Agro Industries (DHA:GHAIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Golden Harvest Agro Industries Ltd (DHA:GHAIL) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

186, Gulshan -Tejgaon Link Road, S/501 & 502, Shanta Western Tower, Level-5, Tejgoan I/A, Dhaka, BGD, 1208

Website

http://www.goldenharvestbd.com

Golden Harvest Agro Industries Ltd engages in owning and controlling the frozen food processing plant. The company offers frozen food products of vegetables, ready to eat foods, finger foods, and other products, as well as ice cream and milk. It is also involved in vegetable processing activities. The company's business activities include growing, procuring, purchasing, processing, packaging, warehousing, transporting, exporting, importing, distributing and selling. The company has three segments frozen snacks and dairy, majority of its revenue is derived from frozen snacks segment.

Golden Harvest Agro Industries (DHA:GHAIL) Headlines

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