Arena Fortify Acquisition (Arena Fortify Acquisition) Debt-to-EBITDA : -3.26 (As of Sep. 2022)

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What is Arena Fortify Acquisition Debt-to-EBITDA?

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

Arena Fortify Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. Arena Fortify Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $3.45 Mil. Arena Fortify Acquisition's annualized EBITDA for the quarter that ended in Sep. 2022 was $-1.06 Mil. Arena Fortify Acquisition's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2022 was -3.25.

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 Arena Fortify Acquisition's Debt-to-EBITDA or its related term are showing as below:

AFACW' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.89 Med: 0 Max: 0
Current: -3.89

AFACW's Debt-to-EBITDA is not ranked
in the Diversified Financial Services industry.
Industry Median: 3.95 vs AFACW: -3.89

Arena Fortify Acquisition Debt-to-EBITDA Historical Data

The historical data trend for Arena Fortify Acquisition'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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Arena Fortify Acquisition Debt-to-EBITDA Chart

Arena Fortify Acquisition Annual Data

Trend

Dec21

Debt-to-EBITDA

N/A

Arena Fortify Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Mar22	Jun22	Sep22
Debt-to-EBITDA	Get a 7-Day Free Trial			-29.00	N/A	-2.35	-3.38	-3.26

Competitive Comparison of Arena Fortify Acquisition's Debt-to-EBITDA

For the Shell Companies subindustry, Arena Fortify Acquisition'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.

Arena Fortify Acquisition's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Arena Fortify Acquisition's Debt-to-EBITDA distribution charts can be found below:

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

Arena Fortify Acquisition Debt-to-EBITDA Calculation

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

Arena Fortify Acquisition's Debt-to-EBITDA for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	3.45)	/	N/A
	=	N/A

Arena Fortify Acquisition's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	3.45)	/	-1.06
	=	-3.25

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 (Sep. 2022) EBITDA data.

Arena Fortify Acquisition (NAS:AFACW) 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.

Arena Fortify Acquisition Debt-to-EBITDA Related Terms

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