JFE Holdings (TSE:5411) Debt-to-EBITDA : 3.36 (As of Dec. 2023)

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What is JFE Holdings Debt-to-EBITDA?

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

JFE Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円504,762 Mil. JFE Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,401,872 Mil. JFE Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was 円567,060 Mil. JFE Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.36.

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

TSE:5411' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.83 Med: 4.13 Max: 54.36
Current: 3.61

During the past 13 years, the highest Debt-to-EBITDA Ratio of JFE Holdings was 54.36. The lowest was 2.83. And the median was 4.13.

TSE:5411's Debt-to-EBITDA is ranked worse than
60.45% of 493 companies
in the Steel industry
Industry Median: 2.66 vs TSE:5411: 3.61

JFE Holdings Debt-to-EBITDA Historical Data

The historical data trend for JFE 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.

JFE Holdings Debt-to-EBITDA Chart

JFE Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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3.63

54.36

7.35

2.83

3.74

JFE Holdings 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															5.36	6.14	3.36	3.09	3.36

Competitive Comparison of JFE Holdings's Debt-to-EBITDA

For the Steel subindustry, JFE 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.

JFE Holdings's Debt-to-EBITDA Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, JFE Holdings's Debt-to-EBITDA distribution charts can be found below:

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

JFE Holdings Debt-to-EBITDA Calculation

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

JFE Holdings'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
	=	(397026	+	1465939)	/	498363
	=	3.74

JFE 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
	=	(504762	+	1401872)	/	567060
	=	3.36

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.

JFE Holdings (TSE:5411) 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.

JFE Holdings Debt-to-EBITDA Related Terms

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

JFE Holdings (TSE:5411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » JFE Holdings Inc (TSE:5411) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

JFEEF:USA JFR:Germany

Address

2-2-3 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.jfe-holdings.co.jp

JFE Holdings Inc is a Japan-based company operating through three subsidiaries, namely JFE Steel, JFE Engineering and JFE Shoji. JFE Steel produces and sells a wide range of steel products and raw materials, and also operates peripheral businesses such as transporting, maintenance and construction of equipment. JFE Engineering provides engineering services for energy, urban environment, recycle, steel construction and industrial machines and systems. JFE Shoji purchases, processes and sells steel products, raw materials for steel production, nonferrous metal products, food, etc. Steel manufacturing and trading account for majority of JFE's revenue. The company generates most of its sales from the Japanese market.

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