Freedom Holding (Freedom Holding) Debt-to-EBITDA : 3.23 (As of Dec. 2023)

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What is Freedom Holding Debt-to-EBITDA?

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

Freedom Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,889 Mil. Freedom Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $301 Mil. Freedom Holding's annualized EBITDA for the quarter that ended in Dec. 2023 was $989 Mil. Freedom Holding's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.22.

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

FRHC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.99 Med: 3.57 Max: 6.11
Current: 3.73

During the past 13 years, the highest Debt-to-EBITDA Ratio of Freedom Holding was 6.11. The lowest was 1.99. And the median was 3.57.

FRHC's Debt-to-EBITDA is ranked worse than
68.9% of 418 companies
in the Capital Markets industry
Industry Median: 1.565 vs FRHC: 3.73

Freedom Holding Debt-to-EBITDA Historical Data

The historical data trend for Freedom Holding'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.

Freedom Holding Debt-to-EBITDA Chart

Freedom Holding Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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4.21

3.34

2.34

1.99

3.57

Freedom Holding 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															3.08	2.71	3.67	2.57	3.23

Competitive Comparison of Freedom Holding's Debt-to-EBITDA

For the Capital Markets subindustry, Freedom Holding'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.

Freedom Holding's Debt-to-EBITDA Distribution in the Capital Markets Industry

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

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

Freedom Holding Debt-to-EBITDA Calculation

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

Freedom Holding'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
	=	(1517.416	+	90.346)	/	450.023
	=	3.57

Freedom Holding'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
	=	(2889.173	+	300.924)	/	989.28
	=	3.22

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.

Freedom Holding (NAS:FRHC) 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.

Freedom Holding Debt-to-EBITDA Related Terms

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

Freedom Holding (Freedom Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Freedom Holding Corp (NAS:FRHC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

FRHC_KZ:Kazakhstan DMW2:Germany

Address

No. 77-7 Al Farabi Avenue, Esentai Tower BC, Floor 7, Almaty, KAZ, 050040

Website

https://www.freedomholdingcorp.com

Freedom Holding Corp is engaged in a broad range of activities in the securities industry, including retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services in Eurasia. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its geographical segments are Central Asia, Europe, the United States, and the Middle East/Caucasus, of which Europe accounts for the majority of its revenue.

Executives

Sergey Lukyanov	officer: *See Remarks	ESENTAI TOWER BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040
Evgeny Ler	officer: Chief Financial Officer	202 DOSTYK AVE, 4TH FLOOR, ALMATY 1P 050051
Liudmila Kiriaku	officer: VP of Compliance until 8/18/23	CHIRSTAKI KRANOU 20 C TOWER 5TH FL, LIMASSOL G4 4041
Robert Wotczak	officer: CEO - Prime Executions	C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 5111 PEGASUS COURT, FREDERICK MD 21704
Renat Tukanov	officer: CHIEF TECHNOLOGY OFFICER	"ESENTIA TOWER" BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040
Boris Cherdabayev	10 percent owner, officer: Chief Operating Officer	C/O POULTON & YORDAN, 324 SOUTH 400 WEST SUITE 250, SALT LAKE CITY UT 84101
Amber Williams	director	324 SOUTH 400 WEST, SUITE 250, SALT LAKE CITY UT 84101
Askar Tashtitov	officer: President	KURMANGAZY ST 31, APT 38, ALMATY 1P 050051
Arkady V Rakhilkin	director	AL-FARABI 17, NURLY TAU 4B, OFFICE 104, ALMATY 1P 050059
Timur R Turlov	director, 10 percent owner, officer: Chief Executive Officer	VLANSKIY PER. 14B, AP. 67, MOSCOW 1Z 101000
Toleush Tolmakov	10 percent owner, officer: Vice President	202 DOSTYK AVE., 4TH FLOOR, ALMATY 1P 050051
Daymon M. Smith	director	352 E. 426 N., ALPINE UT 84004
Anuarbek Baimoldin	officer: Chief Operating Officer	202 DOSTYK AVE. 4TH FLOOR, ALMATY 1P 050051
Jason M Kerr	director	1038 SOUTH 750 EAST, KAYSVILLE UT 84037
Jsc Compass Asset Management	10 percent owner	240V FURMANOVA STREET, ALMATY 1P 050059