Industrie Chimiche Forestali SpA (MIL:ICF) Debt-to-EBITDA : 2.14 (As of Dec. 2023)

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What is Industrie Chimiche Forestali SpA Debt-to-EBITDA?

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

Industrie Chimiche Forestali SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €6.58 Mil. Industrie Chimiche Forestali SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €10.26 Mil. Industrie Chimiche Forestali SpA's annualized EBITDA for the quarter that ended in Dec. 2023 was €7.87 Mil. Industrie Chimiche Forestali SpA's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.14.

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 Industrie Chimiche Forestali SpA's Debt-to-EBITDA or its related term are showing as below:

MIL:ICF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.93 Med: 2.31 Max: 4.43
Current: 1.93

During the past 7 years, the highest Debt-to-EBITDA Ratio of Industrie Chimiche Forestali SpA was 4.43. The lowest was 1.93. And the median was 2.31.

MIL:ICF's Debt-to-EBITDA is ranked better than
54.86% of 1214 companies
in the Chemicals industry
Industry Median: 2.32 vs MIL:ICF: 1.93

Industrie Chimiche Forestali SpA Debt-to-EBITDA Historical Data

The historical data trend for Industrie Chimiche Forestali SpA'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.

Industrie Chimiche Forestali SpA Debt-to-EBITDA Chart

Industrie Chimiche Forestali SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.05

2.88

4.43

2.07

1.93

Industrie Chimiche Forestali SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial					7.78	2.32	2.06	2.10	2.14

Competitive Comparison of Industrie Chimiche Forestali SpA's Debt-to-EBITDA

For the Specialty Chemicals subindustry, Industrie Chimiche Forestali SpA'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.

Industrie Chimiche Forestali SpA's Debt-to-EBITDA Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Industrie Chimiche Forestali SpA's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Industrie Chimiche Forestali SpA's Debt-to-EBITDA falls into.

Industrie Chimiche Forestali SpA Debt-to-EBITDA Calculation

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

Industrie Chimiche Forestali SpA'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
	=	(6.583	+	10.264)	/	8.722
	=	1.93

Industrie Chimiche Forestali SpA'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
	=	(6.583	+	10.264)	/	7.866
	=	2.14

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 (Dec. 2023) EBITDA data.

Industrie Chimiche Forestali SpA (MIL:ICF) 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.

Industrie Chimiche Forestali SpA Debt-to-EBITDA Related Terms

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

Industrie Chimiche Forestali SpA (MIL:ICF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Industrie Chimiche Forestali SpA (MIL:ICF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Fratelli Kennedy, 75, Marcallo con Casone, Milano, ITA, 20010

Website

https://www.forestali.it

Industrie Chimiche Forestali SpA is engaged in the design, production and marketing of high-tech adhesives and fabrics mainly for the following markets: footwear & leather goods, automotive and packaging.