CCL Industries (TSX:CCL.B) Debt-to-EBITDA : 2.42 (As of Dec. 2023)

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What is CCL Industries Debt-to-EBITDA?

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

CCL Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$52 Mil. CCL Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2,231 Mil. CCL Industries's annualized EBITDA for the quarter that ended in Dec. 2023 was C$942 Mil. CCL Industries's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.42.

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

TSX:CCL.B' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.38 Med: 1.87 Max: 2.49
Current: 1.83

During the past 13 years, the highest Debt-to-EBITDA Ratio of CCL Industries was 2.49. The lowest was 1.38. And the median was 1.87.

TSX:CCL.B's Debt-to-EBITDA is ranked better than
61.47% of 327 companies
in the Packaging & Containers industry
Industry Median: 2.55 vs TSX:CCL.B: 1.83

CCL Industries Debt-to-EBITDA Historical Data

The historical data trend for CCL 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.

CCL Industries Debt-to-EBITDA Chart

CCL Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.25

1.86

1.55

1.87

1.83

CCL 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															1.87	1.75	1.77	1.81	2.42

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

For the Packaging & Containers subindustry, CCL 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.

CCL Industries's Debt-to-EBITDA Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, CCL Industries's Debt-to-EBITDA distribution charts can be found below:

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

CCL Industries Debt-to-EBITDA Calculation

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

CCL Industries'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
	=	(51.9	+	2230.5)	/	1247.7
	=	1.83

CCL 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
	=	(51.9	+	2230.5)	/	941.6
	=	2.42

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.

CCL Industries (TSX:CCL.B) 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.

CCL Industries Debt-to-EBITDA Related Terms

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

CCL Industries (TSX:CCL.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » CCL Industries Inc (TSX:CCL.B) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CCLLF:USA CCDBF:USA CCL.A:Canada

Address

111 Gordon Baker Road, Suite 801, Toronto, ON, CAN, M2H 3R1

Website

https://www.cclind.com

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions. Innovia segment manufactures specialty films. Its geographical segments include Canada; USA and Puerto Rico; Mexico, Brazil, Chile and Argentina; Europe; and Asia, Australia, Africa and New Zealand.

CCL Industries (TSX:CCL.B) Headlines

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