Legacy Housing (Legacy Housing) Debt-to-EBITDA : 0.52 (As of Dec. 2023)

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What is Legacy Housing Debt-to-EBITDA?

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

Legacy Housing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.5 Mil. Legacy Housing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25.1 Mil. Legacy Housing's annualized EBITDA for the quarter that ended in Dec. 2023 was $49.2 Mil. Legacy Housing's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.52.

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 Legacy Housing's Debt-to-EBITDA or its related term are showing as below:

LEGH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.06 Med: 0.61 Max: 2.35
Current: 0.36

During the past 8 years, the highest Debt-to-EBITDA Ratio of Legacy Housing was 2.35. The lowest was 0.06. And the median was 0.61.

LEGH's Debt-to-EBITDA is ranked better than
91.95% of 87 companies
in the Homebuilding & Construction industry
Industry Median: 2.69 vs LEGH: 0.36

Legacy Housing Debt-to-EBITDA Historical Data

The historical data trend for Legacy Housing'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.

Legacy Housing Debt-to-EBITDA Chart

Legacy Housing Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.79

0.71

0.13

0.06

0.36

Legacy Housing 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															0.06	0.13	0.09	0.19	0.52

Competitive Comparison of Legacy Housing's Debt-to-EBITDA

For the Residential Construction subindustry, Legacy Housing'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.

Legacy Housing's Debt-to-EBITDA Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Legacy Housing's Debt-to-EBITDA distribution charts can be found below:

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

Legacy Housing Debt-to-EBITDA Calculation

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

Legacy Housing'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
	=	(0.489	+	25.076)	/	71.392
	=	0.36

Legacy Housing'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
	=	(0.489	+	25.076)	/	49.176
	=	0.52

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.

Legacy Housing (NAS:LEGH) 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.

Legacy Housing Debt-to-EBITDA Related Terms

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

Legacy Housing (Legacy Housing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Legacy Housing Corp (NAS:LEGH) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

1600 Airport Freeway, Suite No. 100, Bedford, TX, USA, 76022

Website

https://www.legacyhousingcorp.com

Legacy Housing Corp builds, sell, and finance manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and also sold directly to manufactured home communities. The company also provides financing options to customers to facilitate the sale of homes.

Executives

Curtis Drew Hodgson	director, 10 percent owner, officer: Co-Chief Executive Officer	15400 KNOLL TRAIL STE 101 LB 25, DALLAS TX 75248
Kenneth E Shipley	director, 10 percent owner, officer: Co-Chief Executive Officer	PO BOX 749, LEVELLAND TX 79336
William G Shipley	10 percent owner	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Robert Duncan Bates	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Douglas M Shipley	10 percent owner	PO BOX 749, LEVELLAND TX 79336
Jeffrey Mark Fiedelman	officer: CFO	7026 BAXTERSHIRE DRIVE, DALLAS TX 75230
Jeffrey V Burt	officer: CFO and Treasurer	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Francisco Javier Coll	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Ronald Carter Arrington	officer: CFO	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Joseph Phillip Lane	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Jeffrey Kyle Stouder	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Stephen Lynn Crawford	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Neal J Suit	officer: Exec VP, GC and Secretary	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Mark E Bennett	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Philip Thomas Blazek	director	500 CRESCENT COURT, SUITE 230, DALLAS TX 75201