The ODP (The ODP) Debt-to-EBITDA

: 240.75 (As of Dec. 2023)

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

The ODP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9 Mil. The ODP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $954 Mil. The ODP's annualized EBITDA for the quarter that ended in Dec. 2023 was $4 Mil. The ODP's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 240.75.

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 The ODP's Debt-to-EBITDA or its related term are showing as below:

ODP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.65 Med: 3.27 Max: 21.11
Current: 2.87

During the past 13 years, the highest Debt-to-EBITDA Ratio of The ODP was 21.11. The lowest was 1.65. And the median was 3.27.

ODP's Debt-to-EBITDA is ranked worse than
53.7% of 838 companies
in the Retail - Cyclical industry
Industry Median: 2.615 vs ODP: 2.87

The ODP Debt-to-EBITDA Historical Data

The historical data trend for The ODP'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.

The ODP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

6.07

8.16

2.47

2.27

2.88

The ODP 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																2.48	1.79	2.74	1.88	240.75

Competitive Comparison

For the Specialty Retail subindustry, The ODP'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.

The ODP Debt-to-EBITDA Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, The ODP's Debt-to-EBITDA distribution charts can be found below:

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

The ODP Debt-to-EBITDA Calculation

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

The ODP'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
	=	(9	+	954)	/	335
	=	2.87

The ODP'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
	=	(9	+	954)	/	4
	=	240.75

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.

The ODP (NAS:ODP) 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.

The ODP Debt-to-EBITDA Related Terms

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

The ODP (The ODP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The ODP Corp (NAS:ODP) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ODP1:Germany

Address

6600 North Military Trail, Boca Raton, FL, USA, 33496

Website

https://www.officedepot.com

The ODP Corp is a provider of business services and supplies, products, and digital workplace technology solutions to small, medium-sized and enterprise businesses. The operating business segments are ODP Business Solutions Division; Office Depot Division; Veyer Division and Varis Division. It generates maximum revenue from the Veyer Division segment. The Veyer Division specializes in B2B and consumer business service delivery, with core competencies in distribution, fulfillment, transportation, global sourcing, and purchasing.

Executives

Kevin Moffitt	officer: SVP, Chief Retail Officer	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Diego Anthony Scaglione	officer: EVP & Chief Financial Officer	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Gerry P Smith	director, officer: Chief Executive Officer	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
John Gannfors	officer: EVP-Transformation & Strategic, other: Sourcing	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Zoe Maloney	officer: EVP, Chief HR Officer	6600 N MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Max Hood	officer: SVP & Chief Accounting Officer	6600 NORTH MILITARY TRAIL, BOCA RATON, FL FL 33496
Sarah E. Hlavinka	officer: EVP-Chief Legal Officer & Secy	2111 N MOLTER RD, LIBERTY LAKE WA 99019
David C Centrella	officer: EVP - Business Solutions Div	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
N. David Bleisch	officer: EVP-Chief Legal Officer & Secy	C/O THE ADT CORPORATION, 1501 YAMATO ROAD, BOCA RATON FL 33431
Stephen M. Mohan	officer: EVP - Business Solutions Div	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Haas Richard A. Jr	officer: SVP & Chief Accounting Officer	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Marcus Dunlop	director	330 MADISON AVENUE, FLOOR 23, NEW YORK NY 10017
Wendy Lee Schoppert	director	6105 TRENTON LANE NORTH, MINNEAPOLIS MN 55442
Terry Leeper	officer: EVP, Chief Technology Officer	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Shashank Samant	director	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496