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Emmis (EMMS) Debt-to-EBITDA : -0.95 (As of Feb. 2020)


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What is Emmis Debt-to-EBITDA?

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

Emmis's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2020 was $8.82 Mil. Emmis's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2020 was $56.64 Mil. Emmis's annualized EBITDA for the quarter that ended in Feb. 2020 was $-69.15 Mil. Emmis's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2020 was -0.95.

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

EMMS's Debt-to-EBITDA is not ranked *
in the Media - Diversified industry.
Industry Median: 1.65
* Ranked among companies with meaningful Debt-to-EBITDA only.

Emmis Debt-to-EBITDA Historical Data

The historical data trend for Emmis'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.

Emmis Debt-to-EBITDA Chart

Emmis Annual Data
Trend Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.26 5.96 1.51 3.85 -2.25

Emmis Quarterly Data
May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.54 4.96 -4.29 -3.00 -0.95

Competitive Comparison of Emmis's Debt-to-EBITDA

For the Broadcasting subindustry, Emmis'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.


Emmis's Debt-to-EBITDA Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Emmis's Debt-to-EBITDA distribution charts can be found below:

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



Emmis Debt-to-EBITDA Calculation

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

Emmis's Debt-to-EBITDA for the fiscal year that ended in Feb. 2020 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(8.82 + 56.644) / -29.163
=-2.24

Emmis's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2020 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(8.82 + 56.644) / -69.152
=-0.95

* 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.

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 (Feb. 2020) EBITDA data.


Emmis  (OTCPK:EMMS) 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.


Emmis Debt-to-EBITDA Related Terms

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


Emmis (EMMS) Business Description

Traded in Other Exchanges
N/A
Address
40 Monument Circle, Suite 700, One EMMIS Plaza, Indianapolis, IN, USA, 46204
Emmis Corp, formerly Emmis Communications Corp is a diversified media company principally focused on radio broadcasting. The company owns and operates radio and magazine entities in large and medium-sized markets throughout the United States. Its operations have aligned into two business segments: Radio and Publishing. A vast majority of revenue is generated from the Radio segment. The company generates revenue in the form of Advertising; Circulation, which includes revenues from digital and home delivery subscriptions; Nontraditional, which includes ticket sales and sponsorship of events on their stations and magazine conduct; LMA(Local Marketing Agreement) Fees; and other revenues.
Executives
Patrick M Walsh officer: President, COO 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Ryan A Hornaday officer: EVP, CFO & Treasurer 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Gregory T Loewen officer: President - Publishing 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Jeffrey H Smulyan director, 10 percent owner, officer: Chairman,CEO, other: member of 10% 13(d) group
J. Scott Enright officer: EVP, Gen Counsel & Secretary 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
James M Dubin director ONE MADISON PLACE, HARRISON NY 10528
Greg Nathanson director
Lawrence B Sorrel director
Peter A Lund director 236 LOCHA DRIVE, JUPITER FL 33458
Susan B Bayh director WELLPOINT, INC., 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Richard A Leventhal director
Paul V. Brenner officer: President 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Gary L Kaseff director
Richard F Cummings officer: Radio Division President
Herbert Simon other: Member of 10% owner 13d group 115 W WASHINGTON ST, INDIANAPOLIS IN 46204

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