Caravelle International Group (Caravelle International Group) Debt-to-EBITDA : 0.99 (As of Apr. 2023)

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What is Caravelle International Group Debt-to-EBITDA?

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

Caravelle International Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $0.3 Mil. Caravelle International Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $2.5 Mil. Caravelle International Group's annualized EBITDA for the quarter that ended in Apr. 2023 was $2.8 Mil. Caravelle International Group's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2023 was 0.99.

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

CACO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.71 Med: 0.24 Max: 1.04
Current: 0.57

During the past 3 years, the highest Debt-to-EBITDA Ratio of Caravelle International Group was 1.04. The lowest was -1.71. And the median was 0.24.

CACO's Debt-to-EBITDA is ranked better than
87.25% of 847 companies
in the Transportation industry
Industry Median: 2.8 vs CACO: 0.57

Caravelle International Group Debt-to-EBITDA Historical Data

The historical data trend for Caravelle International 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.

* Premium members only.

Caravelle International Group Debt-to-EBITDA Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Debt-to-EBITDA

-1.71

1.04

0.24

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	0.57	0.13	0.80	0.99

Competitive Comparison of Caravelle International Group's Debt-to-EBITDA

For the Marine Shipping subindustry, Caravelle International 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.

Caravelle International Group's Debt-to-EBITDA Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Caravelle International Group's Debt-to-EBITDA distribution charts can be found below:

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

Caravelle International Group Debt-to-EBITDA Calculation

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

Caravelle International Group's Debt-to-EBITDA for the fiscal year that ended in Oct. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(3.252	+	2.367)	/	23.752
	=	0.24

Caravelle International Group's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.291	+	2.491)	/	2.804
	=	0.99

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 (Apr. 2023) EBITDA data.

Caravelle International Group (NAS:CACO) 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.

Caravelle International Group Debt-to-EBITDA Related Terms

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

Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.