Greencore Group (Greencore Group) Debt-to-EBITDA : 1.30 (As of Sep. 2023)

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What is Greencore Group Debt-to-EBITDA?

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

Greencore Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $197 Mil. Greencore Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $194 Mil. Greencore Group's annualized EBITDA for the quarter that ended in Sep. 2023 was $300 Mil. Greencore Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 1.30.

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

GNCGF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.06 Med: 3.23 Max: 10.66
Current: 2.06

During the past 13 years, the highest Debt-to-EBITDA Ratio of Greencore Group was 10.66. The lowest was 2.06. And the median was 3.23.

GNCGF's Debt-to-EBITDA is ranked better than
51.26% of 1426 companies
in the Consumer Packaged Goods industry
Industry Median: 2.145 vs GNCGF: 2.06

Greencore Group Debt-to-EBITDA Historical Data

The historical data trend for Greencore Group'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.

Greencore Group Debt-to-EBITDA Chart

Greencore Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-EBITDA

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5.08

10.66

3.37

2.91

2.46

Greencore Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial															2.48	5.05	1.59	5.19	1.30

Competitive Comparison of Greencore Group's Debt-to-EBITDA

For the Packaged Foods subindustry, Greencore Group'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.

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

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

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

Greencore Group Debt-to-EBITDA Calculation

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

Greencore Group's Debt-to-EBITDA for the fiscal year that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(196.782	+	193.688)	/	158.911
	=	2.46

Greencore Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(196.782	+	193.688)	/	299.504
	=	1.30

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 two times the quarterly (Sep. 2023) EBITDA data.

Greencore Group (OTCPK:GNCGF) 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.

Greencore Group Debt-to-EBITDA Related Terms

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

Greencore Group (Greencore Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Greencore Group PLC (OTCPK:GNCGF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

GNCGY:USA GNCl:UK GNC:UK GCG:Germany GCG:Germany

Address

No. 2 Northwood Avenue, Northwood Business Park, Santry, Dublin, IRL, D09 X5N9

Website

http://www.greencore.com

Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.