Toyota Industries (Toyota Industries) Debt-to-EBITDA : 2.17 (As of Dec. 2023)

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What is Toyota Industries Debt-to-EBITDA?

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

Toyota Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,146 Mil. Toyota Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9,027 Mil. Toyota Industries's annualized EBITDA for the quarter that ended in Dec. 2023 was $5,616 Mil. Toyota Industries's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.17.

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 Toyota Industries's Debt-to-EBITDA or its related term are showing as below:

TYIDF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.46 Med: 3.12 Max: 3.53
Current: 3.53

During the past 13 years, the highest Debt-to-EBITDA Ratio of Toyota Industries was 3.53. The lowest was 2.46. And the median was 3.12.

TYIDF's Debt-to-EBITDA is ranked worse than
72.22% of 162 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.84 vs TYIDF: 3.53

Toyota Industries Debt-to-EBITDA Historical Data

The historical data trend for Toyota Industries'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.

Toyota Industries Debt-to-EBITDA Chart

Toyota Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

Get a 7-Day Free Trial

3.26

3.25

3.33

2.91

3.18

Toyota Industries 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															2.69	4.10	3.85	6.04	2.17

Competitive Comparison of Toyota Industries's Debt-to-EBITDA

For the Farm & Heavy Construction Machinery subindustry, Toyota Industries'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.

Toyota Industries's Debt-to-EBITDA Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Toyota Industries's Debt-to-EBITDA distribution charts can be found below:

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

Toyota Industries Debt-to-EBITDA Calculation

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

Toyota Industries'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
	=	(3888.465	+	8823.523)	/	4000.358
	=	3.18

Toyota Industries'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
	=	(3146.328	+	9027.347)	/	5616.304
	=	2.17

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.

Toyota Industries (OTCPK:TYIDF) 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.

Toyota Industries Debt-to-EBITDA Related Terms

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

Toyota Industries (Toyota Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Toyota Industries Corp (OTCPK:TYIDF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

TYIDY:USA 6201:Japan 6201:Japan TAH:Germany

Address

2-1, Toyoda-cho, Kariya-shi, Aichi, JPN, 448-8671

Website

https://www.toyota-industries.com

Toyota Industries Corp is primarily engaged in manufacturing and sale of automobiles, industrial vehicles, and textile machinery, as well as logistics business. The company manufactures and sells automobiles, engines, foundry pieces and electronic equipment. It also provides forklift trucks, warehouse equipment, automatic warehouse, vehicles for high-place work. In addition, it also engaged in the land transportation service, collection, and delivery service. The business of the group is primarily functioned through Japan and its amplifying internationally. Toyota derives most of the income through the sale of products and recycled waste products.

Toyota Industries (Toyota Industries) Headlines

From GuruFocus

Toyota Industries Leads in High-Tech Automotive and Forklifts

By Holmes Osborne, CFA Holmes Osborne, CFA • 05-09-2017