Ceres Global Ag (TSX:CRP) Debt-to-EBITDA

: 3.86 (As of Dec. 2023)

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

Ceres Global Ag's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$56 Mil. Ceres Global Ag's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$54 Mil. Ceres Global Ag's annualized EBITDA for the quarter that ended in Dec. 2023 was C$29 Mil. Ceres Global Ag's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.86.

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 Ceres Global Ag's Debt-to-EBITDA or its related term are showing as below:

TSX:CRP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.06 Med: 3.41 Max: 16.56
Current: 4.26

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ceres Global Ag was 16.56. The lowest was -16.06. And the median was 3.41.

TSX:CRP's Debt-to-EBITDA is ranked worse than
75.98% of 254 companies
in the Retail - Defensive industry
Industry Median: 2.645 vs TSX:CRP: 4.26

Ceres Global Ag Debt-to-EBITDA Historical Data

The historical data trend for Ceres Global Ag'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.

Ceres Global Ag Annual Data

Trend

Mar14

Mar15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

Get a 7-Day Free Trial

-13.17

4.00

8.16

11.46

11.28

Ceres Global Ag 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															9.78	4.77	-169.73	3.17	3.86

Competitive Comparison

For the Food Distribution subindustry, Ceres Global Ag'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.

Ceres Global Ag Debt-to-EBITDA Distribution

For the Retail - Defensive industry and Consumer Defensive sector, Ceres Global Ag's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Ceres Global Ag's Debt-to-EBITDA falls into.

Ceres Global Ag Debt-to-EBITDA Calculation

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

Ceres Global Ag'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
	=	(28.599	+	55.586)	/	7.465
	=	11.28

Ceres Global Ag'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
	=	(56.08	+	54.223)	/	28.596
	=	3.86

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.

Ceres Global Ag (TSX:CRP) 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.

Ceres Global Ag Debt-to-EBITDA Related Terms

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

Ceres Global Ag (TSX:CRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ceres Global Ag Corp (TSX:CRP) » Definitions » Debt-to-EBITDA

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Traded in Other Exchanges

CERGF:USA

Address

701 Xenia Avenue S., Suite 400, Golden Valley, MN, USA, 55416

Website

https://www.ceresglobalagcorp.com

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the corporation's facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed and Processing segment is engaged in soybean crush, specialty crops blending, birdfeed production, and seed distribution in Western Canada.

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