Ashmore Group (Ashmore Group) Debt-to-EBITDA : 0.03 (As of Dec. 2023)

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What is Ashmore Group Debt-to-EBITDA?

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

Ashmore Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.5 Mil. Ashmore Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.8 Mil. Ashmore Group's annualized EBITDA for the quarter that ended in Dec. 2023 was $192.9 Mil. Ashmore Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.03.

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 Ashmore Group's Debt-to-EBITDA or its related term are showing as below:

AJMPF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.07
Current: 0.04

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ashmore Group was 0.07. The lowest was 0.03. And the median was 0.05.

AJMPF's Debt-to-EBITDA is ranked better than
92.14% of 369 companies
in the Asset Management industry
Industry Median: 1.22 vs AJMPF: 0.04

Ashmore Group Debt-to-EBITDA Historical Data

The historical data trend for Ashmore Group'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.

Ashmore Group Debt-to-EBITDA Chart

Ashmore Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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0.05

0.03

0.07

0.05

Ashmore Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.04	0.98	0.06	0.05	0.03

Competitive Comparison of Ashmore Group's Debt-to-EBITDA

For the Asset Management subindustry, Ashmore Group'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.

Ashmore Group's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ashmore Group's Debt-to-EBITDA distribution charts can be found below:

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

Ashmore Group Debt-to-EBITDA Calculation

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

Ashmore Group's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2.652	+	4.672)	/	145.581
	=	0.05

Ashmore Group'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
	=	(2.532	+	3.797)	/	192.912
	=	0.03

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 two times the quarterly (Dec. 2023) EBITDA data.

Ashmore Group (OTCPK:AJMPF) 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.

Ashmore Group Debt-to-EBITDA Related Terms

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

Ashmore Group (Ashmore Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ashmore Group PLC (OTCPK:AJMPF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ASHMl:UK ASHM:UK A1B:Germany

Address

61 Aldwych, London, GBR, WC2B 4AE

Website

https://www.ashmoregroup.com/en-gb

Ashmore Group PLC is a value-oriented asset management firm that focuses its investments on emerging markets. It offers a diverse range of both traditional and alternative investment strategies to a global client base, including both institutional and retail investors. The company invests in sovereign debt instruments, currencies, corporate debt, equities, derivatives, private equity, real estate, distressed debt, and other special situations. The firm reports on changes in assets under management as the majority of its revenue is derived from management fees. The company also benefits from performance fees on its investments.

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