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Covisint (Covisint) Debt-to-EBITDA : 0.00 (As of Mar. 2017)


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What is Covisint Debt-to-EBITDA?

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

Covisint's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2017 was $0.00 Mil. Covisint's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2017 was $0.00 Mil. Covisint's annualized EBITDA for the quarter that ended in Mar. 2017 was $13.32 Mil. Covisint's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2017 was 0.00.

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

COVS's Debt-to-EBITDA is not ranked *
in the Software industry.
Industry Median: 1.04
* Ranked among companies with meaningful Debt-to-EBITDA only.

Covisint Debt-to-EBITDA Historical Data

The historical data trend for Covisint'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.

Covisint Debt-to-EBITDA Chart

Covisint Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Debt-to-EBITDA
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Covisint Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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Competitive Comparison of Covisint's Debt-to-EBITDA

For the Software - Application subindustry, Covisint'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.


Covisint's Debt-to-EBITDA Distribution in the Software Industry

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

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



Covisint Debt-to-EBITDA Calculation

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

Covisint's Debt-to-EBITDA for the fiscal year that ended in Mar. 2017 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / -5.508
=0.00

Covisint's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2017 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / 13.316
=0.00

* 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.

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. 2017) EBITDA data.


Covisint  (NAS:COVS) 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.


Covisint Debt-to-EBITDA Related Terms

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


Covisint (Covisint) Business Description

Traded in Other Exchanges
N/A
Address
Covisint Corp incorporated in April 2008 provides a cloud Platform for the development of identity-centric and IoT solutions. It packages and markets the Covisint Cloud Platform as three different offerings namely, The Covisint Identity Platform, The Covisint IoT Platform, and The Covisint Connected Vehicle Platform. The Covisint Platform offers a complete and tightly integrated set of technologies for one purpose- to enable trusted information sharing and secure interactions across people, systems and things. It offer these capabilities via the public cloud, and exposed via APIs, to enable developers to create custom solutions to transform their businesses.
Executives
William O Grabe director C/O COMPUWARE CORP, DETROIT MI 48226
John F. Smith director ONE DAUCH DR., DETROIT MI 48211
Dr. Homaira Akbari director 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224

Covisint (Covisint) Headlines

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