Thrive Tribe Technologies (ASX:1TT) Debt-to-EBITDA : -2.02 (As of Dec. 2023)

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What is Thrive Tribe Technologies Debt-to-EBITDA?

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

Thrive Tribe Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Thrive Tribe Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$4.50 Mil. Thrive Tribe Technologies's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-2.23 Mil. Thrive Tribe Technologies's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -2.02.

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

ASX:1TT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.62 Med: -2.62 Max: -2
Current: -2

During the past 9 years, the highest Debt-to-EBITDA Ratio of Thrive Tribe Technologies was -2.00. The lowest was -2.62. And the median was -2.62.

ASX:1TT's Debt-to-EBITDA is ranked worse than
100% of 1594 companies
in the Software industry
Industry Median: 1.05 vs ASX:1TT: -2.00

Thrive Tribe Technologies Debt-to-EBITDA Historical Data

The historical data trend for Thrive Tribe 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.

Thrive Tribe Technologies Debt-to-EBITDA Chart

Thrive Tribe Technologies Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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-2.62

Thrive Tribe Technologies Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial													-	-	-	-2.19	-2.02

Competitive Comparison of Thrive Tribe Technologies's Debt-to-EBITDA

For the Software - Application subindustry, Thrive Tribe 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.

Thrive Tribe Technologies's Debt-to-EBITDA Distribution in the Software Industry

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

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

Thrive Tribe Technologies Debt-to-EBITDA Calculation

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

Thrive Tribe Technologies's Debt-to-EBITDA for the fiscal year 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	+	5)	/	-1.908
	=	-2.62

Thrive Tribe 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	+	4.5)	/	-2.226
	=	-2.02

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 (Dec. 2023) EBITDA data.

Thrive Tribe Technologies (ASX:1TT) 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.

Thrive Tribe Technologies Debt-to-EBITDA Related Terms

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

Thrive Tribe Technologies (ASX:1TT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thrive Tribe Technologies Ltd (ASX:1TT) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-29 Martin Place, Level 57, MLC Centre, Sydney, NSW, AUS, 2000

Website

https://www.thrivetribetech.com

Thrive Tribe Technologies Ltd provides customers with a cloud-based Saas App that enables them to communicate with employees in a mobile, innovative, collaborative, and effective manner. The Company is organised into two operating segments: Thrive Tribe Technologies which is Product development and investment operations including short term share trades and Wooboard Software-as-a-Service products which includes Sale of cloud based Software as a Service products that enabled subscribed companies.

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