Grocery Outlet Holding (Grocery Outlet Holding) Debt-to-EBITDA

: 7.65 (As of Dec. 2023)

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

Grocery Outlet Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $69 Mil. Grocery Outlet Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,325 Mil. Grocery Outlet Holding's annualized EBITDA for the quarter that ended in Dec. 2023 was $182 Mil. Grocery Outlet Holding's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 7.65.

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

GO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 6.17 Med: 8.18 Max: 11.16
Current: 6.49

During the past 8 years, the highest Debt-to-EBITDA Ratio of Grocery Outlet Holding was 11.16. The lowest was 6.17. And the median was 8.18.

GO's Debt-to-EBITDA is ranked worse than
87.35% of 253 companies
in the Retail - Defensive industry
Industry Median: 2.67 vs GO: 6.49

Grocery Outlet Holding Debt-to-EBITDA Historical Data

The historical data trend for Grocery Outlet 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.

Grocery Outlet Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

11.16

8.38

8.98

8.18

6.49

Grocery Outlet 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																7.97	6.97	5.84	5.62	7.65

Competitive Comparison

For the Grocery Stores subindustry, Grocery Outlet 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.

Grocery Outlet Holding Debt-to-EBITDA Distribution

For the Retail - Defensive industry and Consumer Defensive sector, Grocery Outlet Holding's Debt-to-EBITDA distribution charts can be found below:

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

Grocery Outlet Holding Debt-to-EBITDA Calculation

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

Grocery Outlet Holding'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
	=	(69.399	+	1325.414)	/	214.971
	=	6.49

Grocery Outlet 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
	=	(69.399	+	1325.414)	/	182.392
	=	7.65

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.

Grocery Outlet Holding (NAS:GO) 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.

Grocery Outlet Holding Debt-to-EBITDA Related Terms

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

Grocery Outlet Holding (Grocery Outlet Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Grocery Outlet Holding Corp (NAS:GO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

5650 Hollis Street, Emeryville, CA, USA, 94608

Website

https://www.groceryoutlet.com

Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible buying model allows them to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. The stores are run by Entrepreneurial independent operators which create a neighborhood feel through personalized customer service and a localized product offering.

Executives

Thomas F Herman	director	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Lindberg Eric J. Jr.	director, officer: Chief Executive Officer	C/O GROCERY OUTLET HOLDING CORP., 56560 HOLLIS STREET, EMERYVILLE CA 94608
Pamela B. Burke	officer: CAO, GC & Secretary	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Charles Bracher	officer: Chief Financial Officer	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Erik D. Ragatz	director	ONE MARITIME PLAZA, 12TH FLOOR, SAN FRANCISCO CA 94111
Luke D Thompson	officer: SVP, GC and Secretary	C/O GROCERY OUTLET HOLDING CORP, 5650 HOLLIS STREET, EMERYVILLE CA 94608
Calvin Chung	officer: See Remarks	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Sheedy Robert Joseph Jr.	officer: President	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Lindsay E. Gray	officer: VP Corporate Controller	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Steven K. Wilson	officer: SVP, Purchasing	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Andrea Renee Bortner	officer: Chief Human Resources Officer	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Jeffrey York	director	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Brian Mcandrews	officer: See Remarks	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608
Norman S Matthews	director	650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Read S. Macgregor Jr.	director, officer: Vice Chairman	C/O GROCERY OUTLET HOLDING CORP., 5650 HOLLIS STREET, EMERYVILLE CA 94608