Canaccord Genuity Group (Canaccord Genuity Group) Debt-to-EBITDA

: 2.94 (As of Dec. 2023)

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

Canaccord Genuity Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $353 Mil. Canaccord Genuity Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $323 Mil. Canaccord Genuity Group's annualized EBITDA for the quarter that ended in Dec. 2023 was $230 Mil. Canaccord Genuity Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.94.

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

CCORF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.39 Med: 1.75 Max: 19.06
Current: 4.35

During the past 13 years, the highest Debt-to-EBITDA Ratio of Canaccord Genuity Group was 19.06. The lowest was -1.39. And the median was 1.75.

CCORF's Debt-to-EBITDA is ranked worse than
72.01% of 418 companies
in the Capital Markets industry
Industry Median: 1.53 vs CCORF: 4.35

Canaccord Genuity Group Debt-to-EBITDA Historical Data

The historical data trend for Canaccord Genuity 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.

Canaccord Genuity Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

1.47

1.77

0.78

0.63

4.93

Canaccord Genuity Group 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																-5.32	2.32	4.40	5.16	2.94

Competitive Comparison

For the Capital Markets subindustry, Canaccord Genuity 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.

Canaccord Genuity Group Debt-to-EBITDA Distribution

For the Capital Markets industry and Financial Services sector, Canaccord Genuity Group's Debt-to-EBITDA distribution charts can be found below:

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

Canaccord Genuity Group Debt-to-EBITDA Calculation

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

Canaccord Genuity Group's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(34.754	+	282.326)	/	64.368
	=	4.93

Canaccord Genuity 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
	=	(352.75	+	323.475)	/	230.052
	=	2.94

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.

Canaccord Genuity Group (OTCPK:CCORF) 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.

Canaccord Genuity Group Debt-to-EBITDA Related Terms

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Canaccord Genuity Group (Canaccord Genuity Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Canaccord Genuity Group Inc (OTCPK:CCORF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

C6U:Germany CF.PR.C.PFD:Canada CF.PR.A.PFD:Canada CF:Canada

Address

609 Granville Street, Suite 2200, Vancouver, BC, CAN, V7Y 1H2

Website

https://www.canaccordgenuity.com

Canaccord Genuity Group Inc is an independent, full-service financial services firm. The Company's segment reporting is based on the following operating segments: Canaccord Genuity Capital Markets, Canaccord Genuity Wealth Management, and Corporate and Other. The company is been driven by an unwavering commitment to building lasting client relationships. It achieves this by generating value for its individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. Its international capital markets division operates in North America, UK and Europe, Asia, Australia and the Middle East.