Forward Water Technologies (TSXV:FWTC) Debt-to-EBITDA : -0.35 (As of Dec. 2023)

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What is Forward Water Technologies Debt-to-EBITDA?

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

Forward Water Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.34 Mil. Forward Water Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Forward Water Technologies's annualized EBITDA for the quarter that ended in Dec. 2023 was C$-0.97 Mil. Forward Water Technologies's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.35.

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 Forward Water Technologies's Debt-to-EBITDA or its related term are showing as below:

TSXV:FWTC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.98 Med: -0.17 Max: -0.08
Current: -0.19

During the past 3 years, the highest Debt-to-EBITDA Ratio of Forward Water Technologies was -0.08. The lowest was -2.98. And the median was -0.17.

TSXV:FWTC's Debt-to-EBITDA is ranked worse than
100% of 469 companies
in the Utilities - Regulated industry
Industry Median: 3.83 vs TSXV:FWTC: -0.19

Forward Water Technologies Debt-to-EBITDA Historical Data

The historical data trend for Forward Water Technologies'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.

Forward Water Technologies Debt-to-EBITDA Chart

Forward Water Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-EBITDA

-2.98

-0.08

-0.17

Forward Water Technologies Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial								-0.19	-0.13	-0.15	-0.25	-0.35

Competitive Comparison of Forward Water Technologies's Debt-to-EBITDA

For the Utilities - Regulated Water subindustry, Forward Water Technologies'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.

Forward Water Technologies's Debt-to-EBITDA Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Forward Water Technologies's Debt-to-EBITDA distribution charts can be found below:

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

Forward Water Technologies Debt-to-EBITDA Calculation

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

Forward Water Technologies'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
	=	(0.337	+	0)	/	-1.994
	=	-0.17

Forward Water Technologies'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
	=	(0.339	+	0)	/	-0.968
	=	-0.35

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 (Dec. 2023) EBITDA data.

Forward Water Technologies (TSXV:FWTC) 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.

Forward Water Technologies Debt-to-EBITDA Related Terms

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

Forward Water Technologies (TSXV:FWTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Forward Water Technologies Corp (TSXV:FWTC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

1086 Modeland Road, Sarnia, ON, CAN, N7S 6L2

Website

https://www.forwardwater.com

Forward Water Technologies Corp is dedicated towards the commercialization of its proprietary forward osmosis technology. The technology allows manufacturing operations to clean wastewater that would otherwise require costly disposal. The technology also enables the reclamation of up to 90% of the waste as clean water and the return of this valuable resource to the environment. Alternatively, clean water can be reused by manufacturing operations to reduce overall water consumption and environmental footprint.

Executives

Wayne Maddever

Director, Senior Officer

Forward Water Technologies (TSXV:FWTC) Headlines

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