TrustBIX (TSXV:TBIX) Debt-to-EBITDA : -0.91 (As of Dec. 2023)

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What is TrustBIX Debt-to-EBITDA?

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

TrustBIX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.09 Mil. TrustBIX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.65 Mil. TrustBIX's annualized EBITDA for the quarter that ended in Dec. 2023 was C$-0.82 Mil. TrustBIX's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.91.

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

TSXV:TBIX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.36 Med: -0.3 Max: -0.28
Current: -0.36

During the past 7 years, the highest Debt-to-EBITDA Ratio of TrustBIX was -0.28. The lowest was -0.36. And the median was -0.30.

TSXV:TBIX's Debt-to-EBITDA is ranked worse than
100% of 1628 companies
in the Software industry
Industry Median: 1.06 vs TSXV:TBIX: -0.36

TrustBIX Debt-to-EBITDA Historical Data

The historical data trend for TrustBIX'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.

TrustBIX Debt-to-EBITDA Chart

TrustBIX Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-EBITDA

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-0.28

-0.33

-0.29

-0.31

TrustBIX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.46	-0.35	-0.47	-0.17	-0.91

Competitive Comparison of TrustBIX's Debt-to-EBITDA

For the Software - Application subindustry, TrustBIX'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.

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

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

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

TrustBIX Debt-to-EBITDA Calculation

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

TrustBIX's Debt-to-EBITDA for the fiscal year 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
	=	(0.114	+	0.599)	/	-2.336
	=	-0.31

TrustBIX'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
	=	(0.089	+	0.65)	/	-0.816
	=	-0.91

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.

TrustBIX (TSXV:TBIX) 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.

TrustBIX Debt-to-EBITDA Related Terms

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

TrustBIX (TSXV:TBIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TrustBIX Inc (TSXV:TBIX) » Definitions » Debt-to-EBITDA

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TBIXF:USA

Address

10607 - 82 Street NW, Suite 200, 2nd Floor, Edmonton, AB, CAN, T6A 3N2

Website

https://www.trustbix.com

TrustBIX Inc goal is to create a world where we trust more, waste less and reward sustainable behaviour by addressing consumer and agri-food business demands. The company delivers independent validation of food provenance and sustainable production practices within the supply chain - Gate to Plate. It provides a suite of hardware and software solutions to the livestock industry in North America and China. The company's Insight technology offers an edge-to-enterprise supply chain solution that brings asset situational awareness to dealers, equipment fleets, and civil construction managers.

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