Migdalor- Alternative Products (XTAE:MGDA) Debt-to-EBITDA : -2.53 (As of Jun. 2023)

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What is Migdalor- Alternative Products Debt-to-EBITDA?

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

Migdalor- Alternative Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₪0.80 Mil. Migdalor- Alternative Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₪12.07 Mil. Migdalor- Alternative Products's annualized EBITDA for the quarter that ended in Jun. 2023 was ₪-5.08 Mil. Migdalor- Alternative Products's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was -2.53.

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 Migdalor- Alternative Products's Debt-to-EBITDA or its related term are showing as below:

XTAE:MGDA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -23.64 Med: 2.56 Max: 5.07
Current: -2.61

During the past 5 years, the highest Debt-to-EBITDA Ratio of Migdalor- Alternative Products was 5.07. The lowest was -23.64. And the median was 2.56.

XTAE:MGDA's Debt-to-EBITDA is not ranked
in the Asset Management industry.
Industry Median: 1.33 vs XTAE:MGDA: -2.61

Migdalor- Alternative Products Debt-to-EBITDA Historical Data

The historical data trend for Migdalor- Alternative Products'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.

Migdalor- Alternative Products Debt-to-EBITDA Chart

Migdalor- Alternative Products Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

-23.64

5.07

1.31

3.81

Migdalor- Alternative Products Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-EBITDA	Get a 7-Day Free Trial				1.44	1.19	1.35	-2.68	-2.53

Competitive Comparison of Migdalor- Alternative Products's Debt-to-EBITDA

For the Asset Management subindustry, Migdalor- Alternative Products'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.

Migdalor- Alternative Products's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Migdalor- Alternative Products's Debt-to-EBITDA distribution charts can be found below:

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

Migdalor- Alternative Products Debt-to-EBITDA Calculation

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

Migdalor- Alternative Products's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.513	+	12.28)	/	3.357
	=	3.81

Migdalor- Alternative Products's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.801	+	12.074)	/	-5.08
	=	-2.53

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 (Jun. 2023) EBITDA data.

Migdalor- Alternative Products (XTAE:MGDA) 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.

Migdalor- Alternative Products Debt-to-EBITDA Related Terms

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

Migdalor- Alternative Products (XTAE:MGDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Migdalor- Alternative Products Ltd (XTAE:MGDA) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Gazit street, Petah Tikva, ISR, 4927987

Website

http://www.migdalor-group.com

Migdalor- Alternative Products Ltd develops a wide range of investment products in a variety of platforms and fields. It allows clients to build an optimal alternative investment portfolio while maintaining the return/risk ratio that suits their needs. Its investment products include Real estate-backed transactions in debt or equity tracks, Hedge funds, and Low-risk funds that maximize return.

Migdalor- Alternative Products (XTAE:MGDA) Headlines

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