Happy Belly Food Group (XCNQ:HBFG) Debt-to-EBITDA : -11.04 (As of Dec. 2023)

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What is Happy Belly Food Group Debt-to-EBITDA?

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

Happy Belly Food Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.28 Mil. Happy Belly Food Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5.06 Mil. Happy Belly Food Group's annualized EBITDA for the quarter that ended in Dec. 2023 was C$-0.48 Mil. Happy Belly Food Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -11.04.

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 Happy Belly Food Group's Debt-to-EBITDA or its related term are showing as below:

XCNQ:HBFG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -10.34 Med: -0.76 Max: -0.01
Current: -10.34

During the past 8 years, the highest Debt-to-EBITDA Ratio of Happy Belly Food Group was -0.01. The lowest was -10.34. And the median was -0.76.

XCNQ:HBFG's Debt-to-EBITDA is ranked worse than
100% of 1426 companies
in the Consumer Packaged Goods industry
Industry Median: 2.14 vs XCNQ:HBFG: -10.34

Happy Belly Food Group Debt-to-EBITDA Historical Data

The historical data trend for Happy Belly Food Group'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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Happy Belly Food Group Debt-to-EBITDA Chart

Happy Belly Food Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-0.02

-0.01

-1.50

-7.94

Happy Belly Food Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															-1.71	-0.85	-2.95	-8.80	-11.04

Competitive Comparison of Happy Belly Food Group's Debt-to-EBITDA

For the Packaged Foods subindustry, Happy Belly Food Group'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.

Happy Belly Food Group's Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Happy Belly Food Group's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Happy Belly Food Group's Debt-to-EBITDA falls into.

Happy Belly Food Group Debt-to-EBITDA Calculation

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

Happy Belly Food Group'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
	=	(0.279	+	5.064)	/	-0.673
	=	-7.94

Happy Belly Food Group'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
	=	(0.279	+	5.064)	/	-0.484
	=	-11.04

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.

Happy Belly Food Group (XCNQ:HBFG) 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.

Happy Belly Food Group Debt-to-EBITDA Related Terms

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

Happy Belly Food Group (XCNQ:HBFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Happy Belly Food Group Inc (XCNQ:HBFG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

VGANF:USA W3J:Germany

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.happybellyfg.com

Happy Belly Food Group Inc is a quick-serve restaurant and consumer packaged goods wellness company bringing delicious foods and retail brands to customers. The Company has two operating segments which are Consumer product goods and Quick restaurant services. The consumer product goods currently consist of two brands namely, Holy Crap which produces and sells breakfast cereal and related food products, and Lumber Heads which produces and sells snack foods. The Company operates a number of plant-based restaurants namely Yamchops, Heal Lifestyle, and Lettuce Love.

Executives

Mark Rechichi	Director
Sean Black	Director, Senior Officer

Happy Belly Food Group (XCNQ:HBFG) Headlines

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