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Choice International (BOM:531358) Debt-to-EBITDA : 0.00 (As of Dec. 2023)


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What is Choice International Debt-to-EBITDA?

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

Choice International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Choice International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil. Choice International's annualized EBITDA for the quarter that ended in Dec. 2023 was ₹2,769 Mil. Choice International's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.00.

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

BOM:531358' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.98   Med: 4.58   Max: 6.81
Current: 1.98

During the past 13 years, the highest Debt-to-EBITDA Ratio of Choice International was 6.81. The lowest was 1.98. And the median was 4.58.

BOM:531358's Debt-to-EBITDA is ranked worse than
53.61% of 416 companies
in the Capital Markets industry
Industry Median: 1.5 vs BOM:531358: 1.98

Choice International Debt-to-EBITDA Historical Data

The historical data trend for Choice International'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.

Choice International Debt-to-EBITDA Chart

Choice International Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.08 3.78 3.78 2.41 2.08

Choice International 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 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 - 1.22 - 1.96 -

Competitive Comparison of Choice International's Debt-to-EBITDA

For the Capital Markets subindustry, Choice International'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.


Choice International's Debt-to-EBITDA Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Choice International's Debt-to-EBITDA distribution charts can be found below:

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



Choice International Debt-to-EBITDA Calculation

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

Choice International's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1173.067 + 1051.309) / 1067.586
=2.08

Choice International'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
=(0 + 0) / 2769.312
=0.00

* 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 (Dec. 2023) EBITDA data.


Choice International  (BOM:531358) 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.


Choice International Debt-to-EBITDA Related Terms

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


Choice International (BOM:531358) Business Description

Traded in Other Exchanges
Address
Shree Shakambhari Corporate Park, Plot No.156-158, Chakravorty Ashok Society, J.B. Nagar, Andheri (East), Mumbai, MH, IND, 400099
Choice International Ltd is a company engaged in providing financial services. It operates through the segments of NBFC services, Broking & Distribution and Advisory services. The company generates a majority of the revenue from Broking and distribution services. It offers services like equity trading, commodity derivative trading, financial planning, currency futures trading, fund distribution, and structured products. The company conducts its business operations mainly in India.

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