Tan Delta Systems (LSE:TAND) Debt-to-EBITDA : N/A (As of Dec. 2023)

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What is Tan Delta Systems Debt-to-EBITDA?

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

Tan Delta Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.03 Mil. Tan Delta Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.07 Mil. Tan Delta Systems's annualized EBITDA for the quarter that ended in Dec. 2023 was £0.00 Mil.

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 Tan Delta Systems's Debt-to-EBITDA or its related term are showing as below:

LSE:TAND' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.63 Med: 0.24 Max: 14.14
Current: 14.14

During the past 4 years, the highest Debt-to-EBITDA Ratio of Tan Delta Systems was 14.14. The lowest was -6.63. And the median was 0.24.

LSE:TAND's Debt-to-EBITDA is ranked worse than
96.67% of 720 companies
in the Oil & Gas industry
Industry Median: 1.76 vs LSE:TAND: 14.14

Tan Delta Systems Debt-to-EBITDA Historical Data

The historical data trend for Tan Delta Systems'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.

Tan Delta Systems Debt-to-EBITDA Chart

Tan Delta Systems Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

-6.63

5.51

0.58

-0.10

Tan Delta Systems Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			N/A	-	0.34	-0.30	N/A

Competitive Comparison of Tan Delta Systems's Debt-to-EBITDA

For the Oil & Gas Equipment & Services subindustry, Tan Delta Systems'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.

Tan Delta Systems's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tan Delta Systems's Debt-to-EBITDA distribution charts can be found below:

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

Tan Delta Systems Debt-to-EBITDA Calculation

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

Tan Delta Systems'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
	=	(0.027	+	0.072)	/	-1.03
	=	-0.10

Tan Delta Systems'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
	=	(0.027	+	0.072)	/	0
	=	N/A

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.

Tan Delta Systems (LSE:TAND) 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.

Tan Delta Systems Debt-to-EBITDA Related Terms

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

Tan Delta Systems (LSE:TAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tan Delta Systems plc (LSE:TAND) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG

Website

https://www.tandeltasystems.com

Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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