Niks Technology (BOM:543282) Debt-to-EBITDA : 0.49 (As of Sep. 2023)

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What is Niks Technology Debt-to-EBITDA?

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

Niks Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹5.05 Mil. Niks Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.00 Mil. Niks Technology's annualized EBITDA for the quarter that ended in Sep. 2023 was ₹10.27 Mil. Niks Technology's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 0.49.

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

BOM:543282' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.3 Med: 3.79 Max: 5.22
Current: 0.54

During the past 6 years, the highest Debt-to-EBITDA Ratio of Niks Technology was 5.22. The lowest was 0.30. And the median was 3.79.

BOM:543282's Debt-to-EBITDA is ranked better than
63.05% of 1605 companies
in the Software industry
Industry Median: 1.06 vs BOM:543282: 0.54

Niks Technology Debt-to-EBITDA Historical Data

The historical data trend for Niks Technology'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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Niks Technology Debt-to-EBITDA Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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3.79

0.30

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial					-	-	-	-	0.49

Competitive Comparison of Niks Technology's Debt-to-EBITDA

For the Information Technology Services subindustry, Niks Technology'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.

Niks Technology's Debt-to-EBITDA Distribution in the Software Industry

For the Software industry and Technology sector, Niks Technology's Debt-to-EBITDA distribution charts can be found below:

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

Niks Technology Debt-to-EBITDA Calculation

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

Niks Technology'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)	/	5.39
	=	0.00

Niks Technology'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
	=	(5.054	+	0)	/	10.268
	=	0.49

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.

Niks Technology (BOM:543282) 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.

Niks Technology Debt-to-EBITDA Related Terms

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

Niks Technology (BOM:543282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Niks Technology Ltd (BOM:543282) » Definitions » Debt-to-EBITDA

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Address

Old Bypass Main Road, Flat No. 501, Shiv Laxmi Plaza, Opposite Rajendra Nagar Terminal, Kankarbagh, Patna, BR, IND, 800020

Website

https://www.nikstech.com

Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.

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