Spin Master (TSX:TOY) Debt-to-EBITDA : -5.71 (As of Mar. 2024)

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What is Spin Master Debt-to-EBITDA?

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

Spin Master's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$686 Mil. Spin Master's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$168 Mil. Spin Master's annualized EBITDA for the quarter that ended in Mar. 2024 was C$-149 Mil. Spin Master's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -5.71.

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 Spin Master's Debt-to-EBITDA or its related term are showing as below:

TSX:TOY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0.19 Max: 2.17
Current: 2.17

During the past 10 years, the highest Debt-to-EBITDA Ratio of Spin Master was 2.17. The lowest was 0.00. And the median was 0.19.

TSX:TOY's Debt-to-EBITDA is ranked better than
91.19% of 624 companies
in the Travel & Leisure industry
Industry Median: 2.835 vs TSX:TOY: 2.17

Spin Master Debt-to-EBITDA Historical Data

The historical data trend for Spin Master'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.

Spin Master Debt-to-EBITDA Chart

Spin Master Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.47

0.63

0.19

0.17

0.19

Spin Master Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															1.03	0.26	0.06	1.65	-5.71

Competitive Comparison of Spin Master's Debt-to-EBITDA

For the Leisure subindustry, Spin Master'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.

Spin Master's Debt-to-EBITDA Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Spin Master's Debt-to-EBITDA distribution charts can be found below:

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

Spin Master Debt-to-EBITDA Calculation

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

Spin Master'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
	=	(15.294	+	68.019)	/	451.314
	=	0.18

Spin Master's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(685.869	+	167.982)	/	-149.436
	=	-5.71

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 (Mar. 2024) EBITDA data.

Spin Master (TSX:TOY) 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.

Spin Master Debt-to-EBITDA Related Terms

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

Spin Master (TSX:TOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Spin Master Corp (TSX:TOY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

SNMSF:USA SP9:Germany SP9:Germany

Address

225 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2

Website

https://www.spinmaster.com

Spin Master is a children's entertainment company operating in the just over $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, wheels & action, preschool and dolls & interactive, and activities, games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik's, Swimways, and Melissa & Doug (which is set to come on board in 2024). The company has global reach, with more than 30 offices in nearly 20 countries and sales in over 100 markets.

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