Cava Group (Cava Group) Debt-to-EBITDA : 5.53 (As of Dec. 2023)

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What is Cava Group Debt-to-EBITDA?

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

Cava Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $32.6 Mil. Cava Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $303.6 Mil. Cava Group's annualized EBITDA for the quarter that ended in Dec. 2023 was $60.8 Mil. Cava Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.53.

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

CAVA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -19.52 Med: 1.27 Max: 7.31
Current: 7.31

During the past 3 years, the highest Debt-to-EBITDA Ratio of Cava Group was 7.31. The lowest was -19.52. And the median was 1.27.

CAVA's Debt-to-EBITDA is ranked worse than
79.64% of 275 companies
in the Restaurants industry
Industry Median: 2.97 vs CAVA: 7.31

Cava Group Debt-to-EBITDA Historical Data

The historical data trend for Cava 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.

Cava Group Debt-to-EBITDA Chart

Cava Group Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

1.27

-19.52

4.26

Cava Group Quarterly Data
	Sep21	Dec21	Apr22	Sep22	Dec22	Apr23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			8.07	-2.16	7.40	4.28	5.53

Competitive Comparison of Cava Group's Debt-to-EBITDA

For the Restaurants subindustry, Cava 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.

Cava Group's Debt-to-EBITDA Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Cava Group's Debt-to-EBITDA distribution charts can be found below:

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

Cava Group Debt-to-EBITDA Calculation

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

Cava Group'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
	=	(32.583	+	303.615)	/	78.855
	=	4.26

Cava Group'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
	=	(32.583	+	303.615)	/	60.76
	=	5.53

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.

Cava Group (NYSE:CAVA) 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.

Cava Group Debt-to-EBITDA Related Terms

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

Cava Group (Cava Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cava Group Inc (NYSE:CAVA) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Ridge Square NW, Suite 500,, Washington, DC, USA, 20016

Website

https://www.cava.com

Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen.

Executives

Philippe Amouyal	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Jennifer Somers	officer: Chief Operations Officer	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Kenneth Robert Bertram	officer: CLO & Secretary	3404 CHOCO CHASE, MECHNICSBURG NY 17055
Tricia K. Tolivar	officer: Chief Financial Officer	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Todd Klein	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Theodoros Xenohristos	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Swan Hospitality 4 Llc	10 percent owner	108 LOUDOUN STREET SW, LEESBURG VA 20175
Act Iii Holdings Llc	10 percent owner	23 PRESCOTT STREET, BROOKLINE MA 02446
Adam David Phillips	officer: Chief Accounting Officer	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Benjamin Felt	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
David Bosserman	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Brett Schulman	director, 10 percent owner, officer: CEO and President	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Cava Act Iii Trust, Llc	10 percent owner	23 PRESCOTT STREET, BROOKLINE MA 02446
Cava Act Iii, Llc	10 percent owner	23 PRESCOTT STREET, BROOKLINE MA 02446
Todd D Klein	director	1717 RHODE ISLAND AVENUE, N.W., 10TH FLOOR, WASHINGTON DC 20036