B. Riley Financial (B. Riley Financial) Debt-to-EBITDA : -18.25 (As of Sep. 2023)

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What is B. Riley Financial Debt-to-EBITDA?

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

B. Riley Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $57 Mil. B. Riley Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2,400 Mil. B. Riley Financial's annualized EBITDA for the quarter that ended in Sep. 2023 was $-135 Mil. B. Riley Financial's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -18.24.

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 B. Riley Financial's Debt-to-EBITDA or its related term are showing as below:

RILY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -64.79 Med: 2.89 Max: 21.76
Current: 21.76

During the past 13 years, the highest Debt-to-EBITDA Ratio of B. Riley Financial was 21.76. The lowest was -64.79. And the median was 2.89.

RILY's Debt-to-EBITDA is ranked worse than
86.51% of 126 companies
in the Diversified Financial Services industry
Industry Median: 4.24 vs RILY: 21.76

B. Riley Financial Debt-to-EBITDA Historical Data

The historical data trend for B. Riley Financial'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.

B. Riley Financial Debt-to-EBITDA Chart

B. Riley Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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4.67

2.91

2.87

-64.79

32.85

B. Riley Financial 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															-21.50	7.66	4.84	-18.25	-9.63

Competitive Comparison of B. Riley Financial's Debt-to-EBITDA

For the Financial Conglomerates subindustry, B. Riley Financial'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.

B. Riley Financial's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, B. Riley Financial's Debt-to-EBITDA distribution charts can be found below:

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

B. Riley Financial Debt-to-EBITDA Calculation

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

B. Riley Financial's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(127.678	+	2418.217)	/	-39.295
	=	-64.79

B. Riley Financial's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(57.246	+	2399.716)	/	-134.668
	=	-18.24

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 (Sep. 2023) EBITDA data.

B. Riley Financial (NAS:RILY) 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.

B. Riley Financial Debt-to-EBITDA Related Terms

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

B. Riley Financial (B. Riley Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » B. Riley Financial Inc (NAS:RILY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

RILYL.PFD:USA RILYP.PFD:USA

Address

11100 Santa Monica Boulevard, Suite 800, Los Angeles, CA, USA, 90025

Website

https://www.brileyfin.com

B. Riley Financial Inc is a diversified financial services company. The company through its subsidiaries offers investment banking and financial services to corporate, institutional and high net worth clients and also asset disposition, valuation and appraisal and capital advisory services to retail, wholesale, institutional, lenders, capital providers, private equity investors, and professional services firms in United States, Canada, and Europe. It also provides internet access and subscription services. The reportable operating segments of the company include Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer segment.

Executives

Kelleher Thomas J /adv	officer: CEO of B. Riley Capital Market	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Renee E Labran	director	130 WEST UNION STREET, C/O IDEALAB, PASADENA CA 91103
Andrew Moore	officer: CEO of B. Riley FBR, Inc.	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
Robert L Antin	director
Tamara Sue Brandt	director	C/O B. RILEY FINANCIAL, INC., 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Bryant R Riley	director	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Randall E Paulson	director
D Agostino Robert P	director	21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Michael Joseph Sheldon	director	C/O ALDILA, INC., 14145 DANIELSON ST. STE B, POWAY CA 92064
Daniel Asher	10 percent owner	111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604
Kenneth M Young	officer: President	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
Mikel H Williams	director	21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Phillip Ahn	officer: CFO and COO	21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Alan N Forman	officer: EVP, General Counsel, Sec	21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Todd D. Sims	director	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367