Roland (TSE:7944) Debt-to-EBITDA : 2.70 (As of Mar. 2024)

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What is Roland Debt-to-EBITDA?

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

Roland's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円8,992 Mil. Roland's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円12,592 Mil. Roland's annualized EBITDA for the quarter that ended in Mar. 2024 was 円8,004 Mil. Roland's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 2.70.

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

TSE:7944' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -51.29 Med: 0.56 Max: 2.26
Current: 1.6

During the past 11 years, the highest Debt-to-EBITDA Ratio of Roland was 2.26. The lowest was -51.29. And the median was 0.56.

TSE:7944's Debt-to-EBITDA is ranked better than
65.18% of 626 companies
in the Travel & Leisure industry
Industry Median: 2.82 vs TSE:7944: 1.60

Roland Debt-to-EBITDA Historical Data

The historical data trend for Roland'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.

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Roland Debt-to-EBITDA Chart

Roland Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

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0.22

2.14

1.46

0.66

2.26

Roland Quarterly Data
	Mar14	Jun14	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															2.33	1.84	1.66	1.32	2.70

Competitive Comparison of Roland's Debt-to-EBITDA

For the Leisure subindustry, Roland'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.

Roland's Debt-to-EBITDA Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Roland's Debt-to-EBITDA distribution charts can be found below:

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

Roland Debt-to-EBITDA Calculation

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

Roland's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(19564	+	9088)	/	12675
	=	2.26

Roland's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(8992	+	12592)	/	8004
	=	2.70

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 (Mar. 2024) EBITDA data.

Roland (TSE:7944) 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.

Roland Debt-to-EBITDA Related Terms

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

Roland (TSE:7944) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Roland Corp (TSE:7944) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

2036-1 Nakagawa Hosoe-cho, Hamamatsu-shi, Shizuoka, JPN, 431-1304

Website

http://www.roland.co.jp

Roland Corporation is a leisure based goods and services provider in Japan. Its business comprises of the manufacture and sale of electronic musical instruments such as pianos, organs, keyboards, guitar, amplifiers and accessories essential for music creation. The musical instrument production falls under the electronic musical instruments segment, which secures the maximum revenue share for the company. Its other segment is the computer peripherals business. The Computer Peripheral Equipment segment is involved in the development, manufacture, and sale of printers, plotters, and other work machines. Roland Corporation distributes its products predominantly in North America and in Europe and Japan.

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