Vedant Asset (BOM:543623) Debt-to-EBITDA : 0.05 (As of Sep. 2023)

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What is Vedant Asset Debt-to-EBITDA?

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

Vedant Asset's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.00 Mil. Vedant Asset's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.20 Mil. Vedant Asset's annualized EBITDA for the quarter that ended in Sep. 2023 was ₹4.07 Mil. Vedant Asset's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 0.05.

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

BOM:543623' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.04 Med: 1.51 Max: 7.2
Current: 0.05

During the past 4 years, the highest Debt-to-EBITDA Ratio of Vedant Asset was 7.20. The lowest was 0.04. And the median was 1.51.

BOM:543623's Debt-to-EBITDA is ranked better than
90.5% of 358 companies
in the Asset Management industry
Industry Median: 1.275 vs BOM:543623: 0.05

Vedant Asset Debt-to-EBITDA Historical Data

The historical data trend for Vedant Asset'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.

Vedant Asset Debt-to-EBITDA Chart

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

7.20

2.97

0.04

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial			N/A	N/A	-	0.05	0.05

Competitive Comparison of Vedant Asset's Debt-to-EBITDA

For the Asset Management subindustry, Vedant Asset'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.

Vedant Asset's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Vedant Asset's Debt-to-EBITDA distribution charts can be found below:

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

Vedant Asset Debt-to-EBITDA Calculation

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

Vedant Asset'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
	=	(0	+	0.2)	/	4.792
	=	0.04

Vedant Asset's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0.2)	/	4.074
	=	0.05

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 two times the quarterly (Sep. 2023) EBITDA data.

Vedant Asset (BOM:543623) 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.

Vedant Asset Debt-to-EBITDA Related Terms

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

Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

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