Massimo Group (Massimo Group) Debt-to-EBITDA : 0.54 (As of Mar. 2024)

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What is Massimo Group Debt-to-EBITDA?

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

Massimo Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.75 Mil. Massimo Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $8.49 Mil. Massimo Group's annualized EBITDA for the quarter that ended in Mar. 2024 was $17.06 Mil. Massimo Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 0.54.

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 Massimo Group's Debt-to-EBITDA or its related term are showing as below:

MAMO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.64 Med: 1.39 Max: 3.49
Current: 0.64

During the past 3 years, the highest Debt-to-EBITDA Ratio of Massimo Group was 3.49. The lowest was 0.64. And the median was 1.39.

MAMO's Debt-to-EBITDA is ranked better than
80.65% of 1054 companies
in the Vehicles & Parts industry
Industry Median: 2.35 vs MAMO: 0.64

Massimo Group Debt-to-EBITDA Historical Data

The historical data trend for Massimo Group'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.

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Massimo Group Debt-to-EBITDA Chart

Massimo Group Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

1.39

3.49

0.74

Massimo Group Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial			8.01	-	0.74	0.51	0.54

Competitive Comparison of Massimo Group's Debt-to-EBITDA

For the Recreational Vehicles subindustry, Massimo Group'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.

Massimo Group's Debt-to-EBITDA Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Massimo Group's Debt-to-EBITDA distribution charts can be found below:

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

Massimo Group Debt-to-EBITDA Calculation

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

Massimo Group'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
	=	(1.2	+	8.628)	/	13.257
	=	0.74

Massimo Group'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
	=	(0.754	+	8.491)	/	17.064
	=	0.54

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.

Massimo Group (NAS:MAMO) 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.

Massimo Group Debt-to-EBITDA Related Terms

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

Massimo Group (Massimo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Massimo Group (NAS:MAMO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 W Miller Road, Garland, TX, USA, TX 75041

Website

https://www.massimomotor.com

Massimo Group is engaged in the mid-tier band the ("Mid-Tier Band") of the Powersports Vehicles and Boats Industry. It manufacture, import and distribute a diversified portfolio of products divided into two main lines: (1) a motor sports brand consisting of utility terrain vehicles ("UTVs"), all-terrain vehicles ("ATVs"), motorcycles, scooters, golf carts and a juvenile line from go karts to balance bikes; and (2) a motor boat line consisting of pontoon and tritoon boats ("Pontoon Boats").

Massimo Group (Massimo Group) Headlines

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