Amcor (AMCRY) Debt-to-EBITDA : 4.06 (As of Mar. 2024)

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What is Amcor Debt-to-EBITDA?

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

Amcor's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $131 Mil. Amcor's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $7,534 Mil. Amcor's annualized EBITDA for the quarter that ended in Mar. 2024 was $1,888 Mil. Amcor's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 4.06.

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

AMCRY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.1 Med: 3.6 Max: 7.12
Current: 4.32

During the past 13 years, the highest Debt-to-EBITDA Ratio of Amcor was 7.12. The lowest was 3.10. And the median was 3.60.

AMCRY's Debt-to-EBITDA is ranked worse than
68.1% of 326 companies
in the Packaging & Containers industry
Industry Median: 2.525 vs AMCRY: 4.32

Amcor Debt-to-EBITDA Historical Data

The historical data trend for Amcor'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.

Amcor Debt-to-EBITDA Chart

Amcor Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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4.83

3.98

3.52

3.68

3.39

Amcor 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															4.22	3.79	4.42	4.73	4.06

Competitive Comparison of Amcor's Debt-to-EBITDA

For the Packaging & Containers subindustry, Amcor'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.

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

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

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

Amcor Debt-to-EBITDA Calculation

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

Amcor'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
	=	(93	+	7116)	/	2127
	=	3.39

Amcor'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
	=	(131	+	7534)	/	1888
	=	4.06

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.

Amcor (OTCPK:AMCRY) 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.

Amcor Debt-to-EBITDA Related Terms

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

Amcor (AMCRY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Amcor PLC (OTCPK:AMCRY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

AMCR:USA AMCCF:USA 485B:Germany A1CR34:Brazil AMC:Australia

Address

83 Tower Road North, Warmley, Bristol, GBR, BS30 8XP

Website

https://www.amcor.com

Amcor is a global manufacturer of flexible and rigid plastic packaging and provides packaging solutions to the food, beverage, pharmaceuticals, medical, household, personal care, and industrials sectors. Operations span more than 40 countries and over 200 locations. Around half of group sales are derived from North America, one quarter from Europe, and the remainder from emerging markets. Amcor operates two distinct businesses: flexibles and rigids. Flexibles accounts for about 80% of earnings and produces plastic, aluminium, and fibre-based packaging. Rigids accounts for about 20% of earnings and consists primarily of hot-fill and cold-fill polyethylene terephthalate bottling solutions in the North American and Latin American markets.