Li-Cycle Holdings (Li-Cycle Holdings) Debt-to-EBITDA : 1.50 (As of Dec. 2023)

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What is Li-Cycle Holdings Debt-to-EBITDA?

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

Li-Cycle Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.40 Mil. Li-Cycle Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $346.60 Mil. Li-Cycle Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $234.80 Mil. Li-Cycle Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.49.

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 Li-Cycle Holdings's Debt-to-EBITDA or its related term are showing as below:

LICY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -9.98 Med: -2.43 Max: -0.77
Current: -2.89

During the past 5 years, the highest Debt-to-EBITDA Ratio of Li-Cycle Holdings was -0.77. The lowest was -9.98. And the median was -2.43.

LICY's Debt-to-EBITDA is ranked worse than
100% of 184 companies
in the Waste Management industry
Industry Median: 3.405 vs LICY: -2.89

Li-Cycle Holdings Debt-to-EBITDA Historical Data

The historical data trend for Li-Cycle Holdings'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.

Li-Cycle Holdings Debt-to-EBITDA Chart

Li-Cycle Holdings Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Dec23

Debt-to-EBITDA

-0.77

-1.97

-9.98

-2.89

Li-Cycle Holdings Quarterly Data
	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial											-2.75	-2.69	-3.17	-0.72	1.50

Competitive Comparison of Li-Cycle Holdings's Debt-to-EBITDA

For the Waste Management subindustry, Li-Cycle Holdings'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.

Li-Cycle Holdings's Debt-to-EBITDA Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Li-Cycle Holdings's Debt-to-EBITDA distribution charts can be found below:

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

Li-Cycle Holdings Debt-to-EBITDA Calculation

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

Li-Cycle Holdings'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
	=	(4.4	+	346.6)	/	-121.4
	=	-2.89

Li-Cycle Holdings'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
	=	(4.4	+	346.6)	/	234.8
	=	1.49

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.

Li-Cycle Holdings (NYSE:LICY) 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.

Li-Cycle Holdings Debt-to-EBITDA Related Terms

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

Li-Cycle Holdings (Li-Cycle Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Li-Cycle Holdings Corp (NYSE:LICY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

207 Queen’s Quay West, Suite 590, Toronto, ON, CAN, M5J 1A7

Website

https://www.li-cycle.com

Li-Cycle Holdings Corp is a lithium-ion battery resource recovery and the leading lithium-ion battery recycler. Its proprietary "Spoke and Hub" recycling process is designed at its Spokes, to process battery manufacturing scrap and end-of-life batteries to produce "black mass" and other intermediate products, and at its Hubs, to process black mass to recover raw materials, including but not limited to lithium carbonate, cobalt sulphate and nickel sulphate.