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Bassett Furniture Industries Debt-to-EBITDA

: 2.03 (As of May. 2022)
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Debt-to-EBITDA measures a company's ability to pay off its debt.

Bassett Furniture Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2022 was $20.3 Mil. Bassett Furniture Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2022 was $88.8 Mil. Bassett Furniture Industries's annualized EBITDA for the quarter that ended in May. 2022 was $53.7 Mil. Bassett Furniture Industries's annualized Debt-to-EBITDA for the quarter that ended in May. 2022 was 2.03.

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 Bassett Furniture Industries's Debt-to-EBITDA or its related term are showing as below:

BSET' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -42.69   Med: 0.17   Max: 3.41
Current: 2.63

During the past 13 years, the highest Debt-to-EBITDA Ratio of Bassett Furniture Industries was 3.41. The lowest was -42.69. And the median was 0.17.

BSET's Debt-to-EBITDA is ranked worse than
62.89% of 318 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.79 vs BSET: 2.63

Bassett Furniture Industries Debt-to-EBITDA Historical Data

The historical data trend for Bassett Furniture 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.

* Premium members only.

Bassett Furniture Industries Annual Data
Trend Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21
Debt-to-EBITDA
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 - - -42.69 3.41

Bassett Furniture Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Debt-to-EBITDA 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 Premium Member Only Premium Member Only Premium Member Only 3.22 4.07 3.40 2.80 2.03

Competitive Comparison

For the Furnishings, Fixtures & Appliances subindustry, Bassett Furniture 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.

   

Bassett Furniture Industries Debt-to-EBITDA Distribution

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

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



Bassett Furniture Industries Debt-to-EBITDA Calculation

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

Bassett Furniture Industries's Debt-to-EBITDA for the fiscal year that ended in Nov. 2021 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(27.693 + 105.841) / 39.159
=3.41

Bassett Furniture Industries's annualized Debt-to-EBITDA for the quarter that ended in May. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(20.291 + 88.803) / 53.688
=2.03

* 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 (May. 2022) EBITDA data.


Bassett Furniture Industries  (NAS:BSET) 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.


Bassett Furniture Industries Debt-to-EBITDA Related Terms

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


Bassett Furniture Industries Business Description

Bassett Furniture Industries logo
Traded in Other Exchanges
N/A
Address
3525 Fairystone Park Highway, P.O. Box 626, Bassett, VA, USA, 24055
Bassett Furniture Industries Inc is a manufacturer, importer, and retailer of home furnishings products in the United States. It operates through the following segments: The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products. The Retail segment consists of company-owned stores. The Logistical Services segment offers shipping, delivery, and warehousing services.
Executives
Battle Emma S. director 101 NORTH CHERRY STREET, SUITE 501 WINSTON SALEM NC 27101
Lucas Stefanie Jane officer: SVP, Chief Merchandising Offic P.O. BOX 626 BASSETT VA 24055
Kelchner-strong Kara Ann officer: SVP, Customer Experience Offic P.O. BOX 626 BASSETT VA 24055
Hamlet Virginia W. director P.O. BOX 626 BASSETT VA 24055
Belk John R director BELK INC 2801 WEST TYVOLA ROAD CHARLOTTE NC 28217-4500
Baker David C officer: SVP, Corporate Retail 1012 SHERATON COURT MARTINSVILLE VA 24112
Hawn Jack Leroy Jr officer: Pres. of Zenith Freight Lines 1123 4TH STREET SW CONOVER NC 28613
Cohenour Bruce officer: SR VP/SALES & MERCHANDISING HOOKER FURNITURE CORPORATION 440 EAST COMMONWEALTH BLVD MARTINSVILLE VA 24112
Mcdowell John Walter director 2826 LAZY LANE WINSTON SALEM NC 27106
Daniel John Michael officer: V P, Chief Accounting Officer P O BOX 626 3525 FAIRYSTONE PARK HWY BASSETT VA 24055
Cashman Kristina K director
Camp Jason officer: Senior VP, Retail C/O RESTORATION HARDWARE, INC. 15 KOCH ROAD, SUITE J CORTE MADERA CA 94925
Pond Dale director
Stonecipher David A director BASSETT FURNITURE INDUSTRIES INC PO BOX 626 BASSETT VA 24055
Haworth Howard H director BASSETT FURNITURE INDUSTRIES INC P O BOX 626 BASSETT VA 24055

Bassett Furniture Industries Headlines

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