Howden Joinery Group (LSE:HWDN) Debt-to-EBITDA : 1.12 (As of Dec. 2023)

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What is Howden Joinery Group Debt-to-EBITDA?

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

Howden Joinery Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £85 Mil. Howden Joinery Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £599 Mil. Howden Joinery Group's annualized EBITDA for the quarter that ended in Dec. 2023 was £610 Mil. Howden Joinery Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.12.

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

LSE:HWDN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.14 Med: 1.32 Max: 1.87
Current: 1.41

During the past 13 years, the highest Debt-to-EBITDA Ratio of Howden Joinery Group was 1.87. The lowest was 1.14. And the median was 1.32.

LSE:HWDN's Debt-to-EBITDA is ranked better than
58.81% of 335 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.87 vs LSE:HWDN: 1.41

Howden Joinery Group Debt-to-EBITDA Historical Data

The historical data trend for Howden Joinery 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.

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Howden Joinery Group Debt-to-EBITDA Chart

Howden Joinery Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.87

1.14

1.22

1.41

Howden Joinery Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.86	1.51	0.99	1.86	1.12

Competitive Comparison of Howden Joinery Group's Debt-to-EBITDA

For the Furnishings, Fixtures & Appliances subindustry, Howden Joinery 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.

Howden Joinery Group's Debt-to-EBITDA Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Howden Joinery Group's Debt-to-EBITDA distribution charts can be found below:

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

Howden Joinery Group Debt-to-EBITDA Calculation

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

Howden Joinery Group'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
	=	(85.3	+	599.2)	/	485.3
	=	1.41

Howden Joinery Group'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
	=	(85.3	+	599.2)	/	609.8
	=	1.12

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 (Dec. 2023) EBITDA data.

Howden Joinery Group (LSE:HWDN) 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.

Howden Joinery Group Debt-to-EBITDA Related Terms

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

Howden Joinery Group (LSE:HWDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Howden Joinery Group PLC (LSE:HWDN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

HWDJY:USA HWDJF:USA HWDNl:UK 10J:Germany

Address

40 Portman Square, London, GBR, W1H 6LT

Website

https://www.howdenjoinerygroupplc.com

Howden Joinery Group PLC is a U.K.-based company that manufactures, sources, and sells kitchen and joinery products. The Group's operations are mainly located in the United Kingdom with a small presence in France, Belgium, and the Republic of Ireland. It generates the majority of its revenue from the U.K. The firm caters to small, local homebuilders. The company's products are divided among its kitchen collection, which includes kitchen accessories and cabinets; the appliance collection, which includes ovens, refrigeration, dishwashers, and laundry; the doors and joinery collection, which includes internal, external, and sliding doors and frames; the hardware collection, which includes door handles and accessories; the flooring collection; and the bathroom cabinet collection.

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