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Mida Assets PCL (BKK:MIDA) Debt-to-EBITDA : 87.60 (As of Mar. 2024)


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What is Mida Assets PCL Debt-to-EBITDA?

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

Mida Assets PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿3,904 Mil. Mida Assets PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿890 Mil. Mida Assets PCL's annualized EBITDA for the quarter that ended in Mar. 2024 was ฿55 Mil. Mida Assets PCL's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 87.60.

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 Mida Assets PCL's Debt-to-EBITDA or its related term are showing as below:

BKK:MIDA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -94.96   Med: 18.42   Max: 49.71
Current: 23.19

During the past 13 years, the highest Debt-to-EBITDA Ratio of Mida Assets PCL was 49.71. The lowest was -94.96. And the median was 18.42.

BKK:MIDA's Debt-to-EBITDA is ranked worse than
77.95% of 254 companies
in the Credit Services industry
Industry Median: 7.78 vs BKK:MIDA: 23.19

Mida Assets PCL Debt-to-EBITDA Historical Data

The historical data trend for Mida Assets PCL'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.

Mida Assets PCL Debt-to-EBITDA Chart

Mida Assets PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.10 49.71 -67.42 -94.96 19.59

Mida Assets PCL 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.53 -177.40 5.41 -77.91 87.60

Competitive Comparison of Mida Assets PCL's Debt-to-EBITDA

For the Credit Services subindustry, Mida Assets PCL'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.


Mida Assets PCL's Debt-to-EBITDA Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Mida Assets PCL's Debt-to-EBITDA distribution charts can be found below:

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



Mida Assets PCL Debt-to-EBITDA Calculation

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

Mida Assets PCL'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
=(3039.664 + 1655.251) / 239.663
=19.59

Mida Assets PCL'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
=(3904.096 + 890.055) / 54.728
=87.60

* 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.

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.


Mida Assets PCL  (BKK:MIDA) 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.


Mida Assets PCL Debt-to-EBITDA Related Terms

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


Mida Assets PCL (BKK:MIDA) Business Description

Traded in Other Exchanges
N/A
Address
267 Charansanitwong Road, Bang-Or, Bangplad, Bangkok, THA, 10700
Mida Assets PCL is a Thailand-based company engaged in different businesses such as sales of merchandises and hire-purchases financing for electronic equipment and used cars, real estate development, hotel operations services and management, golf course rental, agency for sale of real estate, advertising, public relation and events organizing services, providing financial services, management of non-performing assets and security guard services. Its segments include Hire-purchase business, Real estate development, Hotel operation, Agency for sale real estate, and Advertising, public relation, and events services, of which key revenue is derived from the Hire-purchase business. The group has a business presence in Thailand and other countries.

Mida Assets PCL (BKK:MIDA) Headlines

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